(This Aug. 26 story has been refiled to fix syntax in the headline) BENGALURU (Reuters) – India’s markets regulator has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm’s November 2021 IPO over alleged misrepresentation of facts, Moneycontrol reported on Monday. The issue revolves around …
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) -Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek cheaper exposure to the market and better returns. Their selling has been driven by profit booking as Indian stocks trade at record highs, and at valuations …
Foreign investors ditch India’s pricey stocks, opt for new issues Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Tuesday, tracking a decline in its Asian peers, but its losses were limited by mild dollar sales by state-run banks, traders said. The rupee was at 83.9325 as of 10:10 a.m. IST, against a close of 83.90 in the previous session. Month-end dollar …
Rupee slips but state-run banks’ dollar sales cap losses Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were little changed on Tuesday, tracking the pause in a global rally, while analysts expected some profit booking after an eight-session winning streak. The NSE Nifty 50 index added a marginal 0.08% to 25,030.9 as of 10:05 a.m. IST. The S&P BSE Sensex rose 0.1% to 81,809. The …
Indian shares’ eight-day rally on pause due to likely profit booking Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices firmed on Monday, nearing its recent record high, amid solid bets of a September interest-rate cut following dovish signals from Federal Reserve Chair Jerome Powell and safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.3% to $2,518.47 per ounce at 01:45 p.m. …
Gold nears record high on US rate-cut optimism, geopolitical risks Read More »
BENGALURU (Reuters) – Anil Ambani, one of India’s best-known businessmen and chairman of Reliance Group, was banned from the securities market for five years and fined about $3 million by the country’s markets regulator last week on charges of diversion of funds. Anil Ambani said he was reviewing the order and will take appropriate next …
SEBI’s ban on India’s Anil Ambani and his Reliance Group troubles Read More »
BENGALURU (Reuters) – India’s UltraTech Cement said on Monday it has raised $500 million through a sustainability-linked loan with contributions from six banks. The fundraise marks the Aditya Birla Group-backed cement maker’s second sustainability-linked financing, after it raised $400 million in 2021. Sustainability-linked finance is a method through which borrowers meet environmental, social and governance …
India’s UltraTech Cement raises $500 million via sustainability-linked financing Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian information technology stocks pushed domestic shares to within touching distance of a record high on Monday after the Federal Reserve chief signalled imminent interest rate cuts. The NSE Nifty 50 index was up 0.76% at 25,010.6, while the S&P BSE Sensex settled 0.75% higher at 81,698.11. The Nifty 50 …
IT prods Indian shares towards record highs after Powell’s dovish tilt Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Monday, as dollar demand from importers and foreign banks offset early gains driven by a rise in most Asian currencies. The rupee closed at 83.90 against the U.S. dollar, nearly unchanged from its close at 83.89 in the previous session. The currency …
Rupee ends flat, unable to benefit from rise in Asian peers Read More »
MUMBAI (Reuters) – India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, the governor of the Reserve Bank of India (RBI) said on Monday. The Unified Lending Interface (ULI), to be launched “in due course”, will cut …
India to launch platform for rural, small business lending, cenbank governor says Read More »
