BENGALURU (Reuters) – India’s National Stock Exchange (NSE) on Tuesday said it halved the lot size for trading derivatives contracts for the blue-chip Nifty 50 index to 25, and reduced the lot sizes for two other indexes as part of its periodic revision. The move comes at a time Indian benchmark indexes have been hitting …
India’s NSE halves lot size for Nifty 50 derivatives trading Read More »
By Scott Murdoch and M. Sriram SYDNEY/MUMBAI (Reuters) -Blackstone is exploring raising $300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, amid booming stock markets in the region, three people familiar with the matter said. Blackstone acquired IGI for $570 million in May …
Blackstone eyes $300 million IPO of India diamond certification firm, sources say Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s sunflower oil imports rose by 51% in March from the previous month to reach the second highest level on record, as lower prices led refiners to increase their purchases, while reducing buying of rival palm oil, five dealers told Reuters. Lower palm oil purchases by India, the world’s …
India’s sunoil imports hit second-highest level as palm oil retreats Read More »
By M. Sriram MUMBAI (Reuters) – India’s largest real estate investment trust, Embassy Office Parks, plans to raise up to $400 million from investors, two sources with direct knowledge said, as it looks to meet demand for office space from global and local giants. Embassy, which manages 45 million square feet (4.18 million square meters) …
India’s Embassy REIT plans to raise up to $400 million, hires banks, sources say Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian central bank’s soon-to-be-implemented regulation saying exchange-traded rupee derivative transactions can be undertaken only for hedging will cause volumes to plunge more than 80%, dealing a major blow to the segment, six brokers said. Since the regulation was mooted in January, brokers have feared that proprietary traders and individual …
Indian rupee’s exchange derivative volumes to plummet on hedging rule, brokers say Read More »
BENGALURU (Reuters) – India’s civil aviation ministry said on Tuesday it was monitoring a surge in flight cancellations by Vistara as the airline grapples with a shortage of pilots, while the aviation regulator has sought daily information on flight disruptions. Vistara, owned by the Tata group and Singapore Airlines, cancelled over 50 flights on Monday, …
India’s civil aviation ministry, watchdog step in as Vistara cancellations surge Read More »
By Nidhi Verma NEW DELHI (Reuters) – The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL’s chief executive said. The private equity firm plans to build the oil-to-chemical project, …
Haldia Petchem plans $10 billion oil-to-chemical project in south India Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – With weeks to go before India starts voting in a general election that the incumbent government is widely expected to win, Indian equity markets are uncharacteristically languid and not seeing the traditional pre-election rally. Analysts say this time is different, pointing to a stellar rally in the …
Analysis-Traditional pre-election rally eludes Indian stocks Read More »
MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 161 billion rupees ($1.93 billion) on Tuesday through a sale of bonds maturing in six years to 20 years. The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.42%-7.44% band, according to a Reuters poll of …
BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday. India is a software development hub for global automakers and auto parts makers including Volvo and Magna International, while also witnessing rising investments from companies including …
Germany’s BMW, India’s Tata Tech to jointly develop auto software Read More »
