By Manoj Kumar and Alistair Smout NEW DELHI/LONDON (Reuters) -Britain and India signed a landmark free trade agreement on Thursday during a visit to the UK by Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses. Here are the …
Factbox-Key wins from UK-India trade deal – investments, jobs, exports Read More »
(Reuters) -Bajaj Finance beat analysts’ estimate for quarterly profit on Thursday, as healthy loan growth countered a decline in the non-bank lender’s asset quality. The non-banking financial company said its consolidated net profit rose 20% from a year earlier to 47 billion rupees ($544.16 million) for the April-June period. Analysts on average estimated 46.61 billion …
India’s Bajaj Finance beats quarterly profit view on healthy loan growth Read More »
(Reuters) -Indian textiles firm Trident reported a nearly 90% rise in first-quarter profit on Thursday, as lower raw material and employee costs offset a decline in sales. The company reported a consolidated net profit of 1.4 billion rupees ($16.21 million) for the three months ended June 30, compared to 737 million rupees a year ago. …
India’s Trident reports higher first-quarter profit on lower expenses Read More »
(Reuters) -India’s SBI Life Insurance Company reported a 14% rise in first-quarter profit on Thursday, aided by healthy premiums from policy renewals. The insurer’s profit rose to 5.94 billion rupees ($68.8 million) for the quarter ended June 30 from 5.20 billion rupees a year earlier. The company’s shares pared some losses after results to close …
India’s SBI Life posts higher quarterly profit on boost from policy renewals Read More »
(Reuters) -India’s market regulator has approved the pre-filing of draft initial public offering (IPO) papers by ed-tech firm PhysicsWallah, according to a notification on the Securities and Exchange Board of India’s (SEBI) website on Thursday. The pre-filing route allows companies to submit draft IPO documents confidentially for regulatory review before making them public. PhysicsWallah filed …
Indian markets regulator greenlights PhysicsWallah’s pre-IPO draft filing Read More »
By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -Three Indian infrastructure investment trusts, including the National Highways Infrastructure Trust, are planning to raise up to 43 billion rupees ($499 million) through corporate bonds in the coming weeks, three sources familiar with the matter said. NHIT is in talks with merchant bankers and investors to raise …
Three Indian infra investment trusts eye $500 million debt in coming weeks, sources say Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares fell on Thursday, weighed down by post-earnings losses in information technology and consumer stocks, and as financial services firms declined after a three-day rally. Investors remained on watch for trade talks with the United States amid an imminent free-trade agreement with the UK. The Nifty …
Indian shares fall as earnings weigh on IT, consumer names Read More »
By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) -An oil tanker carrying Russian Urals crude has been diverted away from the EU-sanctioned Nayara Energy’s Vadinar port in India to unload its cargo at the port of Mundra, according to shipping data and four industry sources on Thursday. Two tankers have also skipped loading refined …
NEW DELHI (Reuters) -The Indian government has appointed former Finance Secretary Ajay Seth as the chairman of Insurance Regulatory and Development Authority of India (IRDAI) for three years, according to a government order. (Reporting by Nikunj OhriEditing by Tomasz Janowski)
By Shubham Batra (Reuters) -India has pushed back against a proposal by the European Union as part of free trade agreement talks which would give the 27-nation bloc a say in decisions related to capital flows, two Indian government sources said. The proposal, unusual in most free trade agreements, has raised concerns in New Delhi …
