Reuters India Business

Mumbai airport hires banks for dollar bond sale – document

21 Feb 2022

DUBAI (Reuters) – Mumbai International Airport has hired a group of banks to arrange a sale of U.S. dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday. Axis Bank, Barclays, DBS Bank, Deutsche Bank, Emirates NBD Capital, IMI-Intesa Sanpaolo, JPMorgan, Mizuho Securities, MUFG, SMBC Nikko, Societe Generale and …

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India shares extend losses with Russia-Ukraine standoff in focus

21 Feb 2022

BENGALURU (Reuters) -India shares settled lower for a fourth straight session on Monday as investors pulled back from riskier assets after comments from the Kremlin partially dampened hopes of a diplomatic solution to the Russia-Ukraine standoff. The NSE Nifty 50 index fell 0.4% to 17,206.65, while the S&P BSE Sensex settled down 0.26% at 57,683.59. …

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India’s IPO-bound LIC may not sell entire stake in IDBI Bank – chairman

21 Feb 2022

NEW DELHI (Reuters) -State-run Life Insurance Corp Of India (LIC), which is planning the country’s largest IPO next month, may not sell its entire stake in IDBI Bank and can use its large network of branches to market its insurance services, its chairman said. LIC, the country’s biggest insurance company, is planning to float a …

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Indian carrier IndiGo’s parent skids over 4% as co-founder quits, plans stake cut

21 Feb 2022

BENGALURU (Reuters) – Shares of InterGlobe Aviation, the parent of India’s biggest airline IndiGo, dropped on Monday after one of its co-founders resigned from the board last week and said he will trim his stake in the company over the next five years. The company’s shares fell as much as 4.3% and hit a two-week …

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Oil ends week mixed on geopolitical uncertainty, supply hopes

19 Feb 2022

By Laura Sanicola (Reuters) -Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil exports. Brent crude futures settled 57 cents, or 0.6%, higher at $93.54 a barrel, while U.S. West Texas Intermediate (WTI) crude ended down 69 …

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Gold takes a breather as hopes of U.S.-Russia talks calm markets

18 Feb 2022

By Brijesh Patel (Reuters) – Gold retreated slightly from the key $1,900-per-ounce level on Friday as hopes for U.S.-Russia talks brought some calm to wider markets, but lingering concerns over Ukraine kept bullion on track for a third straight weekly gain. Spot gold was down 0.1% at $1,896.04 per ounce by 01:59 p.m. ET (1859 …

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India plans to produce 5 million tonnes of green hydrogen by 2030

18 Feb 2022

By Sudarshan Varadhan NEW DELHI (Reuters) – (This February 17 story corrects first line to say five million tonnes per annum, not cumulative) India plans to manufacture five million tonnes of green hydrogen per annum by 2030, the power ministry said on Thursday, aiming to meet its climate targets and become a production and export …

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Indian shares end lower as energy, pharma stocks fall amid Ukraine tensions

18 Feb 2022

By Sethuraman N R BENGALURU (Reuters) -Indian shares ended down in choppy trading on Friday as energy and pharma stocks fell amid geopolitical tensions over Ukraine and uncertainty over U.S. Federal Reserve’s rate hike plans. The NSE Nifty 50 index fell 0.16% to 17,276.30, while the S&P BSE Sensex dipped 0.1% to 57,832.97. Both the …

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Exclusive-India makes record U.S. soyoil purchases as drought parches South America

18 Feb 2022

By Rajendra Jadhav MUMBAI (Reuters) – Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters. The higher purchases from the United States are …

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