Reuters India Business

(Reuters) -India’s market regulator said on Monday it has lifted trading restrictions on Jane Street after the U.S. high-frequency trading firm deposited $567 million. The Securities and Exchange Board of India had in an interim order on July 3 barred the firm from trading securities in the Indian market, saying some of its trading strategies …

Jane Street gets approval to resume trading in India after $567 million deposit Read More »

By Sherin Elizabeth Varghese and Ashitha Shivaprasad (Reuters) -Gold prices gained over 1% to hit a five-week high on Monday as the dollar and U.S. bond yields weakened amid uncertainty ahead of a U.S. deadline of August 1 for countries to strike trade deals with Washington or face more tariffs.  Spot gold was up 1.3% …

Gold hits five-week high as dollar, yields ease; spotlight on trade Read More »

By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre in India in Hyderabad, two people familiar with the plans told Reuters. The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1,000 people and scale up, sources …

US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say Read More »

(Reuters) -India’s PNB Housing Finance posts a 23% rise in first-quarter profit on Monday, helped by steady home loan demand. The company reported a consolidated net profit of 5.34 billion rupees ($61.9 million) for the quarter ended June 30, up from 4.33 billion rupees a year earlier. India’s housing market has seen resilient demand in …

India’s PNB Housing Finance posts higher quarterly profit on loan demand Read More »

(Reuters) -Titan Company will buy a 67% stake in Dubai-based luxury brand Damas from Qatar’s Mannai Corporation at an enterprise value of 1.04 billion dirham ($283.2 million), potentially making it one of the largest Indian jewellers in the Middle East. The Tata Group company expects to complete the deal by January 31, 2026 and will …

Indian jeweller Titan to buy large stake in Dubai’s Damas Read More »

BENGALURU (Reuters) -State Bank of India, the country’s largest lender by assets, said on Monday it has raised 250 billion rupees ($2.90 billion) by selling shares to institutional investors. The lender approved the allocation of 306 million shares to the investors at an issue price of 817 rupees each. State-owned Life Insurance Corp said it …

India’s SBI raises 250 billion rupees via share sale to institutional investors Read More »