Reuters India Business Archives - Page 203 of 1191

Brigade Hotel Ventures’ India IPO fully subscribed on second day of bids

25 Jul 2025 25 Jul 2025

(Reuters) -Brigade Hotel Ventures’ [BRIA.NS] 7.6-billion-rupee ($88 million) initial public offering was fully subscribed on the second day of bidding on Friday, as investor optimism about India’s burgeoning hospitality sector strengthens. Total bids matched the shares on offer, a fresh issue, exchange data showed as of 1:28 p.m. local time. Shares of the hotel operator, …

Brigade Hotel Ventures’ India IPO fully subscribed on second day of bids Read More »

India’s RBI won battle against inflation but war continues, central bank chief says

25 Jul 2025 25 Jul 2025

By Swati Bhat MUMBAI (Reuters) -The Reserve Bank of India has “won the battle against inflation” but the war is ongoing as price stability remains the central goal, Governor Sanjay Malhotra said during a fireside chat at a Financial Express event on Friday. The RBI delivered a larger-than-expected 50 basis point rate cut at its …

India’s RBI won battle against inflation but war continues, central bank chief says Read More »

India’s Bajaj Finance drops on asset quality woes, higher credit costs

25 Jul 2025 25 Jul 2025

(Reuters) -Shares of Bajaj Finance were on track for their worst day in three months on Friday, as concerns over worsening asset quality and high credit costs overshadowed strong loan growth. Bajaj Finance fell as much as 6.4% in early trade and was last down about 5% at 916 as of 10:04 a.m. IST, making …

India’s Bajaj Finance drops on asset quality woes, higher credit costs Read More »

National Securities Depository sets price band of 760-800 rupees in offer for sale IPO

25 Jul 2025 25 Jul 2025

(Reuters) -India’s National Securities Depository has set a price band of 760-800 rupees per share for its initial public offering via an offer-for-sale, according to a newspaper ad on Friday, making it one of the country’s largest public issues this year. At the upper end of the price band, the IPO is expected to raise …

National Securities Depository sets price band of 760-800 rupees in offer for sale IPO Read More »

Safe-haven gold slips as trade optimism lifts risk appetite

24 Jul 2025 24 Jul 2025

By Sherin Elizabeth Varghese (Reuters) – Gold prices fell for a second straight session on Thursday, as signs of easing global trade tensions dampened demand for safe-haven assets. Spot gold was down 0.5% at $3,370.69 per ounce, by 01:45 p.m. ET (1745 GMT). U.S. gold futures settled 0.7% lower at $3,373.5. The market is optimistic …

Safe-haven gold slips as trade optimism lifts risk appetite Read More »

Trafigura letter to Prateek Gupta’s company warned about nickel cargoes, court document says

24 Jul 2025 24 Jul 2025

By Eric Onstad LONDON (Reuters) -A letter sent by Trafigura to Prateek Gupta’s company warning it not to raise suspicions at financing bank Citi about nickel cargoes provides evidence that the commodity trader was aware of fraud, Gupta alleged in a court document. This is the latest twist in a long-running case in which Geneva-based …

Trafigura letter to Prateek Gupta’s company warned about nickel cargoes, court document says Read More »

Canada pension fund to pocket $631 million from India mall JV exit

24 Jul 2025 24 Jul 2025

(Reuters) -Canada’s biggest pension fund will exit a joint venture with India’s Phoenix Mills in a cash deal worth 54.49 billion rupees ($630.9 million), the mall operator said on Thursday. CPP Investments’ exit comes at a time when brick-and-mortar retailers are grappling with reducing footfalls and increasing competition from e-commerce platforms. The rise of quick-commerce …

Canada pension fund to pocket $631 million from India mall JV exit Read More »

India’s financial crime agency probes Anil Ambani’s Reliance Group, source says

24 Jul 2025 24 Jul 2025

By Nikunj Ohri NEW DELHI (Reuters) -India’s financial crime-fighting agency searched 35 locations linked to Reliance Anil Ambani Group as part of an investigation into alleged money laundering and siphoning of public funds, a government source said on Thursday. The Enforcement Directorate alleges the group orchestrated a “well-planned” scheme to siphon off 30 billion rupees …

India’s financial crime agency probes Anil Ambani’s Reliance Group, source says Read More »

India’s Adani, MetTube partner for copper tubes business

24 Jul 2025 24 Jul 2025

(Reuters) -India’s Adani Enterprises said on Thursday it will divest 50% of its copper tubes business to MetTube while buying an equal stake in MetTube’s Indian unit, in a bid to boost domestic copper tube production and reduce reliance on imports. The companies will collaborate to produce copper tubes used for air conditioning, renewable energy, …

India’s Adani, MetTube partner for copper tubes business Read More »

Indian Energy Exchange sinks 30% on fears of rising competition from new pricing rules

24 Jul 2025 24 Jul 2025

(Reuters) -Shares of Indian Energy Exchange (IEX) fell nearly 30% on Thursday, as investors grew concerned that a planned overhaul of electricity pricing could increase competition and erode the bourse’s market dominance. IEX, currently India’s leading platform for spot electricity price discovery, faces pressure following the power regulator’s announcement on Wednesday of a phased rollout …

Indian Energy Exchange sinks 30% on fears of rising competition from new pricing rules Read More »