Reuters India Business

NEW DELHI (Reuters) -India’s markets regulator is working with the National Stock Exchange of India to resolve outstanding issues for its initial public offering, Securities and Exchange Board of India Chairman Tuhin Kanta Pandey said on Thursday. NSE, the world’s largest derivatives exchange, has been trying to go public since 2016 but has failed to …

India markets regulator working with NSE to resolve outstanding issues for IPO Read More »

(Reuters) -India’s Bajaj Auto plans to take control of KTM AG as part of an 800 million euro ($906.2 million) debt package aimed at reviving the troubled Austrian motorcycle maker, it said on Thursday. The move will see the ‘Pulsar’ motorcycle manufacturer, which has been a minority investor in KTM since 2007, shift from a …

India’s Bajaj Auto to take control of KTM with $906 million debt deal Read More »

By Siyi Liu and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -India’s Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend. The robust demand for the lighter Russian grades …

India’s Russian oil imports hit 10-month high on strong demand for ESPO crude Read More »

By Sarah Qureshi (Reuters) – Gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty. Spot gold was up 0.7% at $3,312.77 an ounce, as of 1355 ET (1755 GMT). U.S. gold futures settled 0.9% higher at …

Weaker dollar, geopolitical uncertainty push gold to one-week high Read More »

By Hritam Mukherjee BENGALURU (Reuters) -Schloss Bangalore [SCHL.NS], the owner of Indian luxury hotel chain The Leela, is seeking a valuation of up to $1.7 billion after cutting its initial public offering (IPO) size by 30% due, in part, to a smaller debt load, it said on Wednesday. Schloss set a price band of 413 …

India’s Leela hotels-owner Schloss cuts IPO size by 30% as debt load drops Read More »

By Nishit Navin and Siddhi Nayak BENGALURU (Reuters) -IndusInd Bank, India’s fifth-biggest private lender by assets, reported its biggest-ever quarterly loss on Wednesday and said it suspects some employees had engaged in fraud that led to accounting lapses, which weighed on results. The bank, founded in 1994, posted a standalone net loss of 22.36 billion …

India’s IndusInd Bank posts largest-ever quarterly loss due to suspected employee fraud Read More »