By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee had its best day in a month on Tuesday as oil prices slumped, the dollar weakened and Asian currencies rallied after a ceasefire between Israel and Iran went into effect, reviving risk sentiment. The rupee closed at 85.9750 against the U.S. dollar, up 0.9% on the …
Rupee jumps most in a month as Iran-Israel ceasefire sparks relief rally Read More »
(Reuters) -India’s equity benchmark indexes trimmed some gains on Tuesday as Israel said it had ordered its military to strike Tehran after it violated a ceasefire announced earlier by U.S. President Donald Trump. The Nifty 50 closed 0.29% higher at 25,044.35 points and the BSE Sensex rose 0.19% to 82,055.11 points. Both indexes had risen …
Indian benchmarks trim gains as Israel orders response after Iran’s ceasefire violation Read More »
NEW DELHI (Reuters) -India’s aviation safety watchdog has cancelled its planned visit to Air India headquarters on Tuesday for an annual regulatory audit, two people with direct knowledge said. Air India late on Monday ceased all its operations to the Middle East, Europe and the East Coast of North America until further notice due to …
India’s aviation watchdog cancels planned Air India audit, sources say Read More »
(Reuters) -Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the U.S. private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an …
Adani’s Mumbai Airport inks $750 million deal with Apollo-led investor group Read More »
By Sarah Qureshi (Reuters) – Gold prices rose on Monday as escalating Iran-Israel tensions boosted safe-haven demand, with markets closely monitoring developments in the region. Spot gold gained 0.4% at $3,382.42 an ounce, as of 0145 p.m. EDT (1745 GMT). U.S. gold futures settled 0.3% higher at $3,395. “Prices are up partly because of political …
Safe-haven gold gains as Iran-Israel tensions escalate Read More »
By Manoj Kumar NEW DELHI (Reuters) -Protecting India’s interest remains “supreme” in bilateral trade talks with the United States, a senior Indian trade ministry source said on Monday, as New Delhi pushes to finalise a deal before the expiry of the pause on steep reciprocal tariffs imposed by U.S. President Donald Trump. India is resisting …
India prioritises national interest in US trade talks, trade ministry source says Read More »
By Aditya Kalra NEW DELHI (Reuters) -Ten officials from India’s aviation safety watchdog will visit Air India headquarters on Tuesday for an annual audit, a government memo showed, just as the airline is facing intense scrutiny after a plane crash killed 271 people. The audit is unrelated to the accident, but Air India has been …
India’s watchdog to start Air India annual audit, days after deadly crash Read More »
(Reuters) -U.S.-based private equity firm Warburg Pincus is in talks to sell its stake in State Bank of India’s general insurance unit, Bloomberg News reported on Monday, citing people familiar with the matter. Warburg Pincus is negotiating with Premji Invest, the investment unit of Indian billionaire Azim Premji, and SBI, the country’s largest lender, to …
(Corrects comment from MPC external member in paragraph 11 to say short-term money market rates are at appropriate levels, not that it needs to be a little closer to the floor of the monetary policy corridor) By Swati Bhat MUMBAI (Reuters) -The immediate incremental impact of an additional 25 basis-point rate cut delivered earlier this …
Impact of India’s large rate cut may be limited, says rate panel member Read More »
(Reuters) -Walmart-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $1.5 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The IPO would value PhonePe at nearly $15 billion, the report said, adding that the company is planning to file …
Walmart-backed PhonePe prepares for $1.5 billion India IPO, Bloomberg News reports Read More »
