By Bharath Rajeswaran (Reuters) -India’s equity benchmarks rose on Monday, aided by persistent foreign buying amid hopes of a U.S. trade deal, while a drop in oil prices helped buoy energy-related stocks. The Nifty 50 closed up 0.47% at 24,461.15 and the BSE Sensex gained 0.37% to 80,796.84. “Optimism prevails in the market over potential …
India’s equity benchmarks rise on trade optimism, lower oil prices Read More »
By Shivani Tanna and Praveen Paramasivam (Reuters) – India’s Jubilant FoodWorks’ strong sales growth for the March quarter is set to outpace rivals whose franchisees are expected to report muted growth despite value-focused promotions, several analysts said. Operators of U.S. chains KFC, McDonald’s and Burger King are likely to report a decline to mid-single-digit growth …
India’s Jubilant pulls ahead of KFC, McDonald’s as fourth-quarter earnings near Read More »
(Reuters) -Representatives for Indian billionaire Gautam Adani met officials from U.S. President Donald Trump’s administration to seek dismissal of criminal charges in an overseas bribery probe, with a resolution possible in a month, Bloomberg News reported. In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply …
Adani aides meet Trump team to push for end to US bribery case, Bloomberg News reports Read More »
MUMBAI (Reuters) -The Indian government has discussed with banks a court order that scrapped JSW Steel’s four-year-old buyout of Bhushan Power and Steel, and is finalising a response, a government official said on Monday. The Supreme Court, on Friday, nullified JSW’s takeover of Bhushan Steel, finalised four years ago under the country’s insolvency law, and …
(Reuters) – India’s Kotak Mahindra Bank slid 5.5% on Monday after the lender’s fourth-quarter results fanned concerns over higher credit costs and softer loan growth. The lender reported a bigger-than-expected drop in profit on Saturday, mainly hurt by higher provisions for bad loans. Analysts at Investec called Kotak’s loan growth of 13% “a tad softer”, …
India’s Kotak Mahindra Bank drops on worries over higher credit costs, soft loan growth Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee is likely to hold a slightly positive bias this week, and alongside government bonds, will take cues from the Federal Reserve’s policy decision as well as developments on a U.S.-India trade deal and cross-border tensions. The rupee closed at 84.58 on Friday, up 1% …
Indian rupee to eye Fed meet, bond yields may decline on mega RBI bond buy Read More »
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets …
Exclusive-OPEC+ to further speed up oil output hikes, sources say Read More »
By Rupam Jain NEW DELHI (Reuters) -India said on Saturday it had banned the import of goods coming from or transiting via Pakistan and barred Pakistani ships as tensions rise between the nuclear-armed neighbours in the wake of a deadly attack on tourists in the disputed Kashmir region. India’s Directorate General of Foreign Trade said …
India bans imports from Pakistan amid tension over tourist killings Read More »
By Siddhi Nayak MUMBAI (Reuters) -State Bank of India, the country’s biggest lender by assets, aims for loan growth of 12%-13% in 2025-26, almost flat from the previous year to take account of the impact of global tariffs, its Chairman said on Saturday. U.S. President Donald Trump’s tariffs have sent shockwaves through financial markets, shaken …
State Bank of India targets 12-13% loan growth on tariff uncertainty Read More »
MUMBAI (Reuters) – India’s Kotak Mahindra Bank on Saturday reported a larger-than-expected 14% drop in quarterly profit as provisions for potential bad loans surged, offsetting solid loan growth. The Mumbai-based private lender’s standalone net profit – which excludes earnings from its subsidiaries – rose to 35.52 billion rupees ($420.36 million) in the three months to …
India Kotak Mahindra Bank’s Q4 profit drops more than expected on higher provisions Read More »
