By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian equity benchmarks posted a second straight weekly loss, weighed down by uncertainty over a potential U.S. trade deal and weak earnings from IT major Tata Consultancy Services. The Nifty 50 fell 1.22% to 25,149.85 points this week, while the BSE Sensex lost 1.12% to 82,500.47. IT …
India’s equity benchmarks log weekly losses as IT stocks drag Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee stayed on the defensive for much of the week and nursed modest losses on Friday as likely foreign portfolio outflows added to pressure from rolling tariff threats from the White House. The rupee ended at 85.80 on Friday against its close at 85.6350 in the previous …
Rupee endures weekly decline on tariff jitters but holds ground short of 86/USD Read More »
(Reuters) -India’s Inox Clean Energy filed IPO draft papers with the country’s markets regulator via the confidential route on Friday, a newspaper advertisement showed. The offering could be worth around 60 billion rupees ($698.97 million), the Mint newspaper reported, citing news agency PTI. Inox Clean Energy is the latest renewable energy producer planning to go …
India’s Inox Clean Energy files for IPO via confidential route Read More »
(Reuters) -Ritesh Tiwari is likely to step down as Hindustan Unilever’s chief financial officer, CNBC-TV18 reported on Friday, a day after incumbent CEO Rohit Jawa’s resignation was announced. (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)
By Manoj Kumar, Peter Hobson and Khushi Malhotra NEW DELHI/CANBERRA (Reuters) -India has rejected Australia’s push for deeper tariff cuts on dairy and alcohol, hampering efforts to conclude the second phase of a trade pact by year-end, two Indian government sources said. An interim trade pact signed in 2022 lowered tariffs on a range of …
-Smartworks Coworking Spaces’ $67.6 million India IPO was fully subscribed on the second day of bidding on Friday, as retail and non-institutional investors bet on demand for integrated office spaces at a time when multiple global companies are expanding in India. As of 2:30 pm IST, non-institutional investors had bid for 1.49 times the shares …
India’s Smartworks Coworking Spaces’ IPO fully subscribed on second day Read More »
(Reuters) -Hindustan Unilever on Thursday appointed Priya Nair, president of parent Unilever’s beauty and wellbeing division, as its managing director and CEO, making her one of the few women to lead a major Indian company. Women hold less than 20% of C-suite positions in India, a sharp drop from entry-level representation, according to a McKinsey …
Factbox-Breaking the glass ceiling: female CEOs and managing directors in India Inc Read More »
NEW DELHI (Reuters) -Bharat Petroleum Corporation Ltd (BPCL) will shut a crude unit at its 156,000 barrels-per day (bpd) Bina refinery in central India for 15 days of maintenance from August 11, its executive director said on Friday. The refinery has one crude unit. Diesel output from BPCL’s Bina refinery will be affected during the …
India’s BPCL plans to shut Bina refinery unit for 15-day maintenance in August Read More »
By Dhwani Pandya and Aditi Shah (Reuters) -Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs. In an invitation to media late Thursday, the carmaker said …
Musk’s Tesla marks formal India entry with Mumbai launch event Read More »
By Nandan Mandayam (Reuters) -Rossell Techsys aims to more than double its contribution to defence aircraft production, targeting a 15% share of an aircraft platform’s value within the next three to five years — up from the current 7%, a senior executive told Reuters on Thursday. The Bengaluru-based company’s growth plans come as global aerospace …
India’s Rossell Techsys eyes bigger role in defence aircraft, targets 15% platform share Read More »
