By Sarita Chaganti Singh NEW DELHI (Reuters) -India could allow foreign companies to take a stake of up to 49% in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most guarded sector to help achieve goals to cut carbon emissions. The government has considered changing …
Exclusive-India considers allowing 49% foreign stakes in nuclear power plants Read More »
By Neha Arora MUMBAI (Reuters) -India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary …
India’s steel secretary says coking coal imports to accelerate Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, the energy minister said on Friday, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis. The trio signed a deal to …
Sri Lanka to begin talks with India, UAE for new energy hub Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee yet again failed to move past the psychological 85 mark on Friday after a sell-off in local equities and bonds amid investors weighing the potential for increased geopolitical uncertainty following a deadly militant attack. The rupee, having peaked at 85.10 during the session, dropped to 85.6550 versus …
Rupee drops; attempt to move past 85/USD blocked by Kashmir attack jitters Read More »
(This April 24 story has been corrected to specify ‘fourth-quarter,’ not ‘first-quarter,’ in the headline and change the date to ‘March 31’ from ‘March 30’ in paragraph 2) HYDERABAD (Reuters) – Indian software services exporter Tech Mahindra reported a smaller-than-expected fourth-quarter revenue on Thursday as weakness in communications and hi-tech verticals continued to drag the …
India’s Tech Mahindra misses fourth-quarter revenue view (April 24) Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is likely to sidestep the regional downtrend on Friday, with support coming from the encouraging intraday reversal seen in the previous session. The 1-month non-deliverable forward indicated that the rupee will open slightly higher-to-flat against the U.S. dollar from the close of 85.26 in the previous session. …
Rupee to ride positive momentum, unlikely to follow Asian peers lower Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices gained on Thursday after falling more than 3% in the previous session, helped by a subdued dollar and bargain hunting, while market attention remained focused on any updates on U.S.-China trade relations. Spot gold rose 1.4% to $3,333.90 an ounce, as of 1:46 p.m. EDT (1746 GMT). Bullion …
Gold gains amid bargain hunting, all eyes on trade updates Read More »
(Reuters) -Indian real-estate developer Prestige Estates’ hospitality business, Prestige Hospitality Ventures filed for a 27 billion rupees (about $317 million) initial public offering, according to draft papers released on Thursday. WHY IT’S IMPORTANT Prestige Hospitality IPO comes at a time when major Indian companies like Ather Energy have reduced their IPO size and LG Electronics …
Prestige Estates’ hospitality arm files for $317 million IPO Read More »
By Nidhi Verma NEW DELHI/MOSCOW (Reuters) -Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions. India has already approved five …
By Nishit Navin and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Indian private lender Axis Bank on Thursday beat fourth-quarter profit estimates and expressed confidence about its retail loan growth improving in the upcoming quarters. The bank’s loans grew 8% in the quarter ended March from a year ago, with retail loans expanding 7%. Peers such as ICICI …
India’s Axis Bank beats quarterly profit view, sees improved retail loan growth in FY26 Read More »
