By Neha Arora and Manvi Pant NEW DELHI (Reuters) -India’s iron ore imports are expected to rise this year, driven by increased demand from JSW Steel, the country’s largest steelmaker by capacity, as falling global prices make overseas purchases more attractive, traders and analysts said. “We expect this year’s iron ore imports to be around …
India’s iron ore imports to rise on JSW steel demand, falling prices Read More »
(Reuters) -Smartworks Coworking Spaces’ shares climbed 14% in their trading debut in Mumbai, valuing the company at 52.96 billion rupees (about $617 million) as investors bet on rising demand for integrated office solutions in India. The provider of integrated enterprise workspaces opened at 435 rupees, above its issue price of 407. Smartworks’ IPO comes amid …
India’s Smartworks Coworking Spaces rises 14% in trading debut Read More »
By Sinéad Carew and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Equity indexes advanced slightly on Wednesday while the dollar fell with U.S. bond yields, as markets calmed after U.S. President Donald Trump said he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell. Markets had turned volatile in late morning trading with stocks losing ground, …
Equities rise, dollar down with Treasury yields as volatility eases Read More »
By Sarah Qureshi (Reuters) – Gold prices jumped on Wednesday following news reports that U.S. President Donald Trump planned to fire Federal Reserve Chair Jerome Powell, but trimmed gains after Trump denied the claim. Trump said he was not planning to fire Powell, but declined to rule anything out, citing an investigation into cost overruns …
Gold pares gains after Trump shoots down talk of ousting Powell Read More »
(Reuters) -Air India has completed the inspection of fuel control switches on Boeing 787 planes with no issues being found, Indian broadcaster NDTV said on Wednesday, citing an official. Boeing and Air India did not immediately respond to Reuters requests for comment. Reuters could not immediately verify the NDTV report. India on Monday ordered its …
Air India probe finds no issues with fuel control switches on Boeing 787s, NDTV says Read More »
(Reuters) -Indian brokerage Angel One on Wednesday posted a 61% fall in first-quarter profit, as tighter rules for equity derivatives trading in India weighed on retail activity, a key driver for the brokerage’s earnings. The company’s consolidated profit fell to 1.14 billion rupees ($13.3 million) in the three months ended June 30, compared with 2.93 …
India’s Angel One posts lower quarterly profit on derivative trading curbs Read More »
(Reuters) -India’s L&T Technology Services expects to log double-digit revenue growth in fiscal year 2026 and maintained its medium-term outlook of $2 billion revenue, boosted by an increased order book, CEO Amit Chadha said on Wednesday. However, the engineering and technology firm posted first-quarter revenue below analysts’ estimates, as weakness in the global auto sector …
(Reuters) -India’s markets regulator on Wednesday proposed to mandate that asset management companies use spot prices published by domestic commodity exchanges to value gold and silver. To increase transparency on the polled price for the spot market of gold and silver, Securities and Exchange Board of India, in a consultation paper, also proposed that the …
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Tech Mahindra, India’s fifth-largest IT services company by revenue, reported marginally lower-than-expected first-quarter revenue on Wednesday, as sales in its Americas market recorded the steepest decline in nearly five years. Consolidated sales rose 2.7% year-on-year to 133.51 billion rupees ($1.55 billion) in the June quarter, slightly …
India’s Tech Mahindra posts marginal first-quarter revenue miss on Americas weakness Read More »
(Reuters) -State Bank of India, the country’s largest lender by assets, launched a 250 billion rupee ($2.9 billion) share sale to institutional investors on Wednesday. The so-called floor price of the fundraise is 811.05 rupees per share, a 2.5% discount to the Wednesday’s closing price, according to an exchange filing. In May, the lender approved …
State Bank of India launches 250 billion rupee share sale to institutional investors Read More »
