DELHI (Reuters) -India’s ICICI Bank said on Monday it did not pay any salary or grant employee stock options to the current markets regulator chief Madhabi Puri Buch after she left the bank other than the retirement benefits that were owed to her. The main opposition Congress party alleged that the regulator head had a …
BENGALURU (Reuters) – India’s markets regulator has put JSW Cement’s recently filed $477 million initial public offering on hold, an update on the regulator’s website showed on Monday. The Securities and Exchange Board of India did not give a reason for the decision, and neither SEBI nor the company immediately responded to Reuters’ requests for …
India’s markets regulator puts JSW Cement’s $477 million IPO on hold Read More »
By Rahul Paswan (Reuters) – Gold prices fell to their lowest in more than a week on Monday as the U.S. dollar firmed, while market focus shifted to a series of economic data due this week for clues as to the extent of rate cuts at the Federal Reserve’s September meeting. Spot gold fell about …
Gold dips to one-week low as US jobs data awaited Read More »
MUMBAI (Reuters) – India’s markets regulator said on Monday that investors in public issues sold 54% of shares within a week of listing. Between April 2021 and December 2023, investors showed a greater propensity to exit from the initial public offers that exhibited positive listing gains than those that listed at a loss, the study …
India regulator’s study shows more than half of IPO shares are sold in a week Read More »
By Manvi Pant BENGALURU (Reuters) -India’s Nifty 50 rose for a thirteenth consecutive session on Monday, its longest-ever rally, powered by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher …
India’s Nifty 50 extends record rally to 13th session Read More »
BENGALURU/MUMBAI (Reuters) -Nomura expects India’s central bank to begin cutting interest rates next month as inflation in the South Asian nation edges lower and economic growth weakens, the investment bank said on Monday. Nomura anticipates that the Reserve Bank of India’s (RBI) rate setting panel will reduce rates by a total of 100 basis points …
Nomura expects Indian cenbank to pivot to rate cuts from October amid weakening growth Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee weakened marginally on Monday and forward premiums declined, while market participants looked for cues on the pace of the Federal Reserve’s rate cuts in a data-packed week. The rupee was at 83.8775 to the U.S. dollar at 10:29 a.m. IST compared to its previous close of …
Rupee, forward premiums dip; cues on pace of Fed rate cuts awaited Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday, casting another shadow over the otherwise robust economic outlook. Growth in Asia’s third-largest economy slowed to 6.7% last quarter from 7.8% as government spending fell, official data showed …
India’s factory activity growth hits three-month low, PMI shows Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Apple’s partnership with India’s second-biggest telecoms firm will give the iPhone maker a sorely needed boost in a content market where it lags far behind the likes of Spotify and Walt Disney. The U.S. technology giant, working to boost revenue globally from services including apps, …
Analysis-Apple set for music, TV streaming fight in India after Airtel deal Read More »
By Krishna N. Das and Aftab Ahmed NEW DELHI (Reuters) -After reverses in the general election and facing possible losses in state polls this year, Indian Prime Minister Narendra Modi’s coalition has stepped up cash handouts, debt waivers and other freebies, although he has previously criticised the policy. The handouts by state governments and promises …
Analysis-Modi’s populism after India election reversal puts public finances at risk Read More »
