By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -A wholly owned subsidiary of Vedanta Resources plans to raise funds through sale of seven-year U.S. dollar-denominated bonds, two merchant bankers said on Monday. Vedanta Resources Finance II could look to raise around $750 million through these bonds over the next few days, which will have a …
Vedanta Resources unit to tap dollar bonds again, bankers say Read More »
By Anmol Choubey (Reuters) -Gold prices broke past $3,800 an ounce for the first time on Monday to hit a record high, as expectations of more U.S. rate cuts and concerns about a potential government shutdown fueled safe-haven demand amid heightened geopolitical uncertainty. Spot gold was up 1.5% to $3,817.16 per ounce at 1227 GMT, …
Gold surges past $3,800/oz to record high on rate cut bets, geopolitical concerns Read More »
(Reuters) -WeWork India Management has set a price band of 615-648 rupees per share on Monday for its initial public offering, targeting a valuation of 86.85 billion rupees ($979.61 million), according to Reuters calculations. The IPO of the Indian unit of U.S.-based shared office space provider, which is majority-owned by Embassy Group, will open for …
WeWork India sets IPO price band at 615-648 rupees, targets $979 million valuation Read More »
By Anmol Choubey (Reuters) -Gold prices broke past $3,800 an ounce for the first time on Monday to hit a record high, as expectations of a U.S. rate cut and concerns about a potential government shutdown fueled safe-haven demand amid heightened geopolitical uncertainty. Spot gold jumped 1.5% to $3,815.49 per ounce by 1052 GMT, after …
Gold surges past $3,800/oz to record high on rate cut bets, geopolitical concerns Read More »
(Reuters) -Moody’s Ratings on Monday has affirmed India’s long-term local and foreign-currency sovereign ratings and retained its “stable” outlook, citing sustained strength in its economy and reliable domestic funding for its budget deficits. India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remain at Baa3. The other short-term local-currency rating stands …
Moody’s affirms India’s sovereign ratings, retains ‘stable’ outlook Read More »
NEW DELHI (Reuters) -India’s industrial output grew 4% year-on-year in August on the back of increased mining activity, government data showed on Monday. Economists polled by Reuters projected a growth of 5%. Industrial output grew at a revised 4.3% year-on-year in July. KEY NUMBERS * Manufacturing output was up 3.8% year-on-year in August as compared …
India’s industrial output rises 4% y/y in August Read More »
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks extended their losing streak on Monday, as weakness in heavyweight private banks outweighed gains in energy stocks. The Nifty 50 fell 0.08% to 24,634.90, while the BSE Sensex also shed 0.08% to 80,364.94, logging losses for the seventh straight session, their longest daily losing streak in nearly seven …
India’s equity benchmarks slip for 7th day, led by private banks Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed near its all-time low on Monday as lingering foreign portfolio outflows and corporate dollar demand kept up pressure on the South Asian currency. The rupee settled at 88.76 against the U.S. dollar, its weakest ever closing level and down slightly from its close at 88.7175 on …
Rupee anchored near record low on outflows, corporate dollar demand Read More »
By Anmol Choubey (Reuters) – Gold prices surged above $3,800 an ounce for the first time on Monday, driven by rising bets on a U.S. Federal Reserve rate cut that weakened the dollar, while concerns over a possible U.S. government shutdown bolstered safe-haven demand. Spot gold jumped 1.5% to $3,816.79 per ounce by 0923 GMT, …
Gold surges past $3,800/oz as US rate cut bets, shutdown concerns drive demand Read More »
(Reuters) -Tata Capital is aiming for a valuation of about $15 billion for its $1.75 billion initial public offering, according to Reuters’ calculations, making it India’s biggest listing so far this year. The non-bank lender has set a price band of 310-326 rupees per share, a newspaper advertisement showed on Monday.The Mumbai-based firm, which filed …
India’s Tata Capital sets 310-326 rupee per share price band for $1.75 billion IPO Read More »
