(Reuters) -ReNew Energy Global, said on Friday it will invest 220 billion rupees ($2.57 billion) to set up a hybrid renewable energy project in the eastern Indian state of Andhra Pradesh, as it looks to cash in on the country’s booming clean energy needs. The company said the project will add 2.8 gigawatts (GW) total …
ReNew Energy to set up $2.57 billion solar, wind project in India Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand from local companies and foreign banks. On the day, outflows related to an equity block deal weighed …
Rupee flat on day; dips on week as corporate, interbank dollar bids weigh Read More »
By Aditya Kalra and Abhijith Ganapavaram NEW DELHI (Reuters) -Air India has lobbied Indian officials to halt rival IndiGo’s leasing tie-up with Turkish Airlines, citing business impact as well as security concerns sparked by Istanbul’s support for Pakistan, according to a source and a document seen by Reuters. Amid growing public anger in India against …
Air India lobbies government to axe IndiGo lease with Turkish carrier, source says Read More »
(Reuters) -India’s Jubilant Pharmova reported a surge in its fourth-quarter adjusted profit on Friday, driven by strong demand for its drugs with radioactive ingredients, used to treat cancer and other diseases. The drugmaker’s consolidated profit before exceptional items and taxes rose 82% year-on-year to 2.09 billion rupees ($24.4 million) in the quarter ended March 31. …
India’s Jubilant Pharmova posts surge in profit on demand for radiopharma medicines Read More »
(Reuters) -Singapore Telecommunications said on Friday it had sold around 1.2% of its stake in India’s Bharti Airtel for S$2 billion ($1.54 billion), netting an estimated gain of S$1.4 billion. Pastel, a unit of Singtel, sold 71 million shares in Airtel at 1,814 rupees apiece, reflecting a 2.85% discount to the closing price of Airtel’s …
Singtel sells 1.2% stake in India’s Bharti Airtel for $1.54 billion Read More »
(This May 15 story has been corrected to clarify that SMBC will acquire the stake, not SBI, in paragraph 6) By Siddhi Nayak MUMBAI (Reuters) – India’s Yes Bank expects Japan’s Sumitomo Mitsui Banking Corp (SMBC) to maintain at least 20% stake in the lender but said that regulatory requirements may be keeping it from …
India’s Yes Bank expects Japan’s SMBC to maintain at least 20% stake, CEO says Read More »
By Georgina McCartney LONDON (Reuters) -Oil prices settled lower on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market. Brent crude futures settled down $1.56, or 2.36%, to $64.53 a barrel. U.S. West Texas Intermediate crude futures settled down $1.53, or …
Oil prices settled down 2% on expectations for US-Iran nuclear deal Read More »
By Sarah Qureshi (Reuters) – Gold prices rose more than 1% on Thursday, aided by a softer dollar and weak U.S. economic data, while Russian President Vladimir Putin’s failure to attend peace talks drove some safe-haven buying. Spot gold rose 1.3% to $3,218.89 an ounce by 1351 ET (17:51 GMT) after hitting a more than …
Gold prices rise over 1% on softer dollar and weak economic data Read More »
(This story has been refiled to correct a typo in paragraph 1) By Bharath Rajeswaran, Vivek Kumar M (Reuters) -India’s equity benchmarks jumped about 1.5% on Thursday after U.S. President Donald Trump said India had offered a zero-tariff trade deal to the United States, with investors cheering the prospects of an imminent announcement. The indexes, …
India’s benchmarks climb as Trump’s tariff remarks spark deal hopes Read More »
NEW DELHI (Reuters) -India revoked the security clearance of Celebi Airport Services India, a unit of Turkey’s Celebi, with immediate effect, citing national security concerns, the country’s civil aviation ministry said in an order on Thursday. New Delhi’s decision came a day after travel booking firms said Indians were cancelling holidays in popular resorts in …
India revokes Celebi security clearance over Turkish support for Pakistan Read More »
