Reuters India Business

By Nidhi Verma and Trixie Yap NEW DELHI/SINGAPORE (Reuters) -Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data. The tanker Tempest Dream, carrying about 43,000 metric tons (363,350 barrels) of gasoline, sailed …

India’s Nayara exports first gasoline since sanctions, sources say Read More »

(This Aug. 4 story has been refiled to remove the picture) By Dharamraj Dhutia MUMBAI (Reuters) – Godrej Properties, the real estate unit of India’s Godrej Industries, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said. The real estate developer …

India’s Godrej Properties plans its largest-ever bond issue, sources say Read More »

(Reuters) -India’s markets regulator on Monday proposed that low-value transactions between interconnected entities, or “related parties”, no longer need to be disclosed and that only some of such high-value deals need shareholder approval. These proposals are part of the Securities and Exchange Board of India’s (SEBI) relook at the required disclosures on labour, environment and …

Indian markets regulator aims for fewer related-party deals being reported, needing investor nod Read More »

(Reuters) -India’s IndusInd Bank <INBK.NS> said on Monday that its board has appointed Rajiv Anand as chief executive officer for a three-year term starting August 25. Anand, a veteran banker, is currently the deputy managing director at private lender Axis Bank, and has held key management positions at leading global financial institutions. He was one …

India’s IndusInd Bank appoints industry veteran Rajiv Anand as CEO Read More »

By Sarah Qureshi (Reuters) – Gold prices rose for a third straight session on Monday after last week’s economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.3% to $3,372.15 per ounce as of 0146 p.m. ET (17:46 GMT), its highest level since July 24. U.S. gold futures …

Gold extends gains on US rate cut expectations Read More »

(Reuters) -British carmaker Jaguar Land Rover named P B Balaji as CEO, replacing Adrian Mardell, parent Tata Motors said on Monday. Last week, a spokesperson for JLR said Mardell would step down after being at the helm for three years. Mardell has been with the company, which is seen as the cash cow for Tata …

Jaguar Land Rover names Tata Motors CFO as top boss Read More »

SINGAPORE/NEW DELHI (Reuters) -Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is the biggest buyer of seaborne crude from …

India’s biggest refiner buys US, Middle East crude as Trump slams Russia purchases Read More »