(Reuters) -India used a common contract note for trading on both its main stock exchanges for the first time on Wednesday, the country’s markets regulator said, adopting a practice followed in developed markets such as the U.S. “The move aims at increasing cost efficiency, reducing compliance burden for market participants and ensuring consistent trade reporting,” …
India adopts single contract note for BSE and NSE Read More »
By Nidhi Verma NEW DELHI (Reuters) -India is exploring building three new strategic oil reserves to boost its emergency stockpile and strengthen energy security, the head of the company in charge of strategic reserves said on Wednesday. India, the world’s third-biggest oil importer and consumer, imports more than 80% of its oil needs and is …
India plans new strategic oil reserve to enhance energy security Read More »
(Reuters) -Airport restaurants operator Travel Food Services has set a price band of 1,045 rupees-1,100 rupees for its initial public offering, a newspaper ad showed on Wednesday, following HDB Financial Services’ blockbuster IPO. The price band values Travel Food Services, which plans to raise 20 billion rupees ($233.49 million) via a three-day share sale beginning …
India’s Travel Food Services plans $233.5 million IPO; eyes $1.69 billion valuation Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee declined on Wednesday as the dollar nudged higher ahead of closely watched U.S. economic data, with investors focused on prospects for trade deals ahead of a July 9 deadline. The rupee closed at 85.7025 against the U.S. dollar, down 0.2% on the day. Asian currencies declined …
Rupee slips, volatility expectations unruffled by looming tariff deadline Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares edged lower on Wednesday as financials retreated from recent highs, overshadowing optimism over a potential India–U.S. trade deal, while HDB Financial Services, the year’s largest IPO, surged on debut. The Nifty 50 fell 0.35% to 25,453.40 and the Sensex slipped 0.34% to 83,409.69. President Donald …
Indian shares dip as financials drag; HDB Financial gains 13.6% in debut trade Read More »
By Pranoy Krishna BENGALURU (Reuters) -The Indian rupee will trade in a narrow range over the next six months as global risk-off sentiment slows capital inflows to a trickle, potentially offsetting gains from a weaker U.S. dollar, a Reuters poll of FX analysts showed. Despite the dollar index falling nearly 11% so far this year, …
(Corrects descriptor of M&B Engineering in third paragraph in July 1 story) By Vivek Kumar M and Kashish Tandon (Reuters) -Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical …
India’s IPO market eyes $2.4 billion in offerings in July as confidence rebounds Read More »
(Reuters) -A fire at a chemical factory in southern India on Monday led to the death of 40 people and left over 33 injured, Sigachi Industries said on Wednesday. Operations at the plant will remain suspended for approximately 90 days, the company said in a statement. The government of Telangana state, where the facility is …
India factory fire death toll at 40, over 33 injured, Sigachi says Read More »
By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) -India’s Dorf-Ketal Chemicals is in talks with private credit lenders to raise around $500 million to fund the acquisition of a European peer owned by private equity, two sources told Reuters. The Mumbai-based speciality chemicals firm is putting together a broader financing package for the acquisition, with …
By Hritam Mukherjee and Kashish Tandon (Reuters) -India’s HDB Financial Services jumped more than 13% in its trading debut on Wednesday, notching the non-bank lender a valuation of $8.2 billion at day’s high, as investors bet on long-term growth prospects in the world’s most populous country. HDB’s $1.5 billion IPO is the largest in India …
