NEW DELHI (Reuters) -Omnicom Media’s India chief was frustrated. It was October 5, 2023 and a rival was trying to poach the U.S. firm’s client by offering lower prices, just weeks after global advertising agencies and broadcasters struck secret pacts on ad rates in the South Asian country. The attempt to woo the client violated …
How the world’s top ad agencies aligned to fix prices in India Read More »
(Reuters) -Amazon will invest more than 20 billion rupees ($233 million) in India in 2025 to expand and update its operations infrastructure, develop new technology for its fulfilment network and improve delivery safety, it said on Thursday. The investment builds on top of Amazon’s prior investments for the creation of an operations network to deliver …
Amazon to invest $233 million in India to expand operations infrastructure, improve tech Read More »
(Reuters) -Nestle India will consider issuing bonus shares at a board meeting scheduled on June 26, the consumer goods company said on Thursday. (Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(Corrects typographical error in headline) By Bharath Rajeswaran (Reuters) -India’s equity benchmarks were muted on Thursday and the broader markets declined, as investors stayed cautious amid escalating Middle East tensions and hawkish U.S. monetary policy cues. The Nifty 50 fell 0.08% at 24,793.25 and the BSE Sensex lost 0.1% to 81,361.87. Twelve of the 13 …
Indian shares subdued as Middle East conflict saps risk appetite Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell to its weakest level since mid-March on Thursday as risk aversion gripped financial markets, with investors focused on the possibility of U.S. involvement in the Israel-Iran conflict. The rupee touched a low of 86.8925 on the day before slightly paring losses to close at 86.7225 …
Rupee hits three-month low on worries over U.S. role in Middle East conflict Read More »
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) -India’s National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on Thursday. The state-run infrastructure lender could raise funds through external commercial borrowings …
Indian lender NaBFID plans debut overseas fund raise of up to $1 billion, official says Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Indian infrastructure major Larsen & Toubro could raise funds through environmental, social and governance bonds again, after its first-ever issuance of the notes was sold at a premium, a company spokesperson said on Wednesday. In the debut bond sale under India’s newly-introduced ESG debt securities framework, L&T on Wednesday raised …
(Reuters) -New rules from India’s central bank will make lenders in the booming gold loan market overhaul their underwriting practices and brace for higher near-term costs, S&P Global Ratings said in a note on Wednesday. The Reserve Bank of India’s final guidelines on gold-backed lending, issued earlier this month, mandate a shift to cash flow-based …
India’s new gold loan rules to reshape lenders’ business models, says S&P Read More »
By Sethuraman N R (Reuters) -India’s clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and …
India’s $89 billion clean industry pipeline struggles to attract financing, report says Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel conflict and potential direct U.S. involvement. Brent crude futures settled 25 cents higher at $76.70 a barrel. U.S. West Texas Intermediate crude rose 30 cents at $75.14. Earlier …
Oil settles higher as Iran-Israel conflict enters sixth day Read More »
