(Reuters) -India’s IndusInd Bank named Santosh Kumar as its deputy CFO on Thursday, at a time when the lender has come under the central bank’s scrutiny for accounting lapses. Kumar will head the finance and accounts functions till IndusInd appoints a full-time CFO, the lender said, after deputy CEO Arun Khurana’s term as finance chief …
India’s IndusInd Bank names Santosh Kumar deputy CFO Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Infosys on Thursday forecast weaker-than-expected revenue growth for fiscal 2026, becoming the latest Indian IT firm to signal a tough year ahead as global economic uncertainty, tariff disruptions and cautious client spending weigh on the sector’s outlook. India’s second-largest software services exporter said it expects revenue …
Infosys forecasts weak fiscal 2026, stoking growth concerns for Indian IT sector Read More »
(Reuters) – India markets regulator on Thursday proposed to increase mutual funds’ investment exposure in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The Securities and Exchange Board of India (SEBI) has proposed raising equity funds’ net asset value in REITs and InvITs to 20% from 10%, while keeping the exposure of debt …
India markets regulator proposes to increase mutual funds’ exposure in REITs, InvITs Read More »
(Reuters) – India will release its industrial output numbers on the 28th of every month, the government said on Thursday. The change reduces the data lag by about a fortnight and the government said the March print will be released on April 28 at 1600 India time. India’s industrial output in February was its weakest …
India industrial output numbers to released with a reduced lag, government says Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes closed higher on Thursday to log their best week in more than four years and erase all their year-to-date losses, led by a rally in heavyweight financial stocks. The Nifty 50 ended 1.8% higher at 23,851.65, while the BSE Sensex added 1.96% to end …
Financials haul Indian stocks to best week in over 4 years Read More »
(Reuters) – India’s IDFC FIRST Bank will raise up to 75 billion rupees ($877 million) from affiliate firms of private equity group Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) sovereign wealth fund, the lender said on Thursday. IDFC FIRST Bank will issue Warburg Pincus and ADIA convertible shares, which, if fully converted, will …
Warburg Pincus, ADIA units to invest $877 million in India’s IDFC FIRST Bank Read More »
BENGALURU (Reuters) -The chairman of India’s market regulator said on Thursday it was working to resolve issues delaying the National Stock Exchange’s (NSE) long-awaited listing, potentially easing the way for the bourse’s entry into public markets. The country’s largest exchange first applied for a listing in 2016 but faced a long-running case over equitable access …
India markets regulator chair says working to “sort out issues” of NSE’s IPO Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Indian electric cab service BluSmart, seen as a rival to Uber, suspended services on Thursday, two days after the country’s market regulator alleged its co-founder misused funds at an affiliate company and bought a luxury apartment with money allocated for electric vehicles. BluSmart rode India’s clean …
India’s BluSmart, rival of Uber, suspends operations after co-founder probed Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – Indian companies with future receivables in major currencies besides the U.S. dollar should consider reducing their hedge ratio to potentially benefit from the weakness that is expected to continue plaguing the greenback, bankers and forex advisors said. With the dollar under pressure from tariff-driven outflows, downgraded …
Indian exporters should temper euro, pound hedges given under-siege dollar, bankers say Read More »
BENGALURU (Reuters) -Shares of Wipro fell as much as 6.3% on Thursday after the company projected a weak June quarter, with analysts warning that the outlook signalled another tough year for the firm as global tech spending remained under pressure. India’s fourth biggest IT exporter on Wednesday forecast revenue in the first quarter to fall …
Wipro shares drop after weak first quarter forecast flags growth worries Read More »
