(Reuters) -India’s markets regulator has approved the initial public offering (IPO) of electronics brand boAt’s parent, Imagine Marketing, according to a document from the regulator published on Tuesday. boAt, known for its headphones and smart watches, confidentially filed for an IPO in April. The Warburg Pincus-backed firm is targeting a valuation of $1.5 billion, according …
India’s markets regulator approves boAt parent’s IPO Read More »
By Sethuraman N R NEW DELHI (Reuters) -India’s power generation in August rose at its fastest pace since March, data from the federal grid operator showed, as manufacturing activity accelerated due to strong demand. The 4% increase in electricity output last month helped boost coal-fired power generation for the first time in five months on …
India’s power output rises at fastest pace in five months on industrial boost Read More »
(Reuters) -Tesla has received orders for just over 600 cars since launching sales in India in mid-July, a number that has fallen short of the company’s own expectations, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Elon Musk-led EV maker now plans to ship between 350 and 500 cars to India …
Tesla gets around 600 orders since India launch, Bloomberg News reports Read More »
(Reuters) -India’s markets regulator late on Monday issued fresh rules for monitoring intraday positions in equity derivatives. The Securities and Exchange Board of India has been reassessing the rules for equity derivatives after it temporarily banned U.S. high-frequency trading firm Jane Street from the Indian markets, saying some of its trading strategies were manipulative and …
India markets regulator issues new rules for monitoring intraday derivative positions Read More »
By Nidhi Verma NEW DELHI (Reuters) -Saudi Aramco and Iraq’s state oil company SOMO have stopped selling crude oil to India’s Nayara Energy in the aftermath of sanctions imposed in July by the European Union on the Russian-backed refiner, three sources familiar with the matter said. The halting of supply from the two Gulf exporters …
Saudi Aramco, Iraq’s SOMO halt crude sales to Indian refiner Nayara, sources say Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee recovered from its record low to end unchanged on Monday, helped by likely intervention from the Reserve Bank of India towards the later part of the session, according to traders. The rupee ended at 88.1950 to the U.S. dollar, identical to Friday’s close. The currency fell …
Rupee recovers from record low to end flat after likely RBI intervention Read More »
MUMBAI (Reuters) -India has allowed production of ethanol from sugarcane juice, syrup and all types of molasses without any restrictions on volumes in 2025/2026, the government said in a notification on Monday. The world’s second-biggest sugar producer had restricted production in the current marketing year because of a drop in sugarcane supplies. In the new …
India allows production of ethanol from sugarcane juice, molasses Read More »
By Ishaan Arora and Brijesh Patel (Reuters) -Gold hit a more than four-month high on Monday to trade around $23 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011. Spot gold was up 0.9% at $3,477.56 …
Gold trades near record highs on US rate cut bets; silver at 14-year high Read More »
By Swati Bhat MUMBAI (Reuters) -India’s current account logged a deficit in the April-June quarter on the back of a higher merchandise trade shortfall, the Reserve Bank of India said on Monday. The current account deficit stood at $2.4 billion, or 0.2% of GDP, in the first quarter of the fiscal year 2025-26, compared with …
By Nikunj Ohri and Aditi Shah NEW DELHI (Reuters) -India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, two sources said, revealing new details of Prime Minister Narendra Modi’s tax overhaul. The biggest reform of the goods and services …
Indian PM Modi’s tax reform set to slash levies on shampoos, hybrid cars, TVs Read More »
