(Reuters) -Gail India has extended its gas sale and purchase agreement with Oil India for another 15 years, the company said on Wednesday. As per the agreement, which is effective July 1, up to 900,000 standard cubic meters per day of natural gas will be supplied from Oil India’s Bakhri Tibba block in the western …
Gail India extends gas purchase agreement with Oil India for 15 years Read More »
By Vivek Kumar M (Reuters) -ICICI Prudential Asset Management Company has filed for a $1.2 billion IPO at a valuation of $12 billion, two sources said on Wednesday, as India’s second-largest mutual fund manager by assets joins a slew of firms looking to go public. The asset manager is a joint venture between India’s second-largest …
India’s ICICI Prudential Asset files for IPO at $12 billion valuation, sources say Read More »
By Nandan Mandayam and Chandini Monnappa (Reuters) -Indian airport restaurant and lounge operator Travel Food Services’ $234 million IPO crossed the finish line on Wednesday with the help of institutional investors as risk-averse retail investors shied away amid U.S. trade deal concerns. The IPO, India’s ninth-largest this year, came in a month when firms are …
(Reuters) -Asian Paints said on Wednesday it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India via bulk deals. Asian Paints, India’s largest paintmaker by market share, sold about 2 million shares at a price of 3,651 rupees, which is less than a 1% discount to Akzo …
Asian Paints sells entire stake in Akzo Nobel India Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -Indian billionaire Gautam Adani’s flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the …
India’s Adani Enterprises’ public debt issue oversubscribed on launch day, bankers say Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks inched lower on Wednesday as losses in Reliance Industries and metals overpowered gains in consumer stocks, while investors remained on the sidelines amid uncertainty over U.S. tariffs. The Nifty 50 fell 0.18% to 25,476.1 points, while the BSE Sensex lost 0.21% to 83,536.08. The …
Indian equity benchmarks edge lower as Reliance, metals losses outpace consumer gains Read More »
By Jaspreet Kalra MUMBAI(Reuters) – The Indian rupee closed nearly unchanged on Wednesday, tracking a muted reaction in global markets to the latest trade salvos from the White House, with traders in the domestic market awaiting news on a U.S.-India trade deal. The rupee ended at 85.6725 against the U.S. dollar, nearly unchanged from its …
Rupee, forward premiums tread water with Fed minutes and tariffs in focus Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -Jane Street has been barred from the Indian securities market by its markets regulator, which has said the U.S. firm used its trading strategies to “manipulate” a key stock market index, leading to losses for millions of retail investors, allegations Jane Street has rejected. WHAT EXACTLY IS SEBI ACCUSING …
Explainer-Why did India’s securities regulator bar Jane Street? Read More »
(Reuters) -Grocery and food delivery startup Zepto is set to raise $450 million to $500 million in fresh funding, at a new post-money valuation of $7 billion, up 40% from last year, CNBC TV-18 reported on Wednesday, citing sources. The quick commerce player, which competes with listed firms Swiggy and Zomato’s parent Eternal, is preparing …
By Vivek Kumar M and Sethuraman N R (Reuters) -U.S.-based Viceroy Research has taken a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta, alleging that the British firm is “systematically draining” its Indian unit. A spokesperson for the Vedanta Group said that the report was “a malicious combination …
Viceroy Research takes short position on Vedanta Resources’ debt Read More »
