By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee posted its best day against the dollar in more than a month on the back of dollar inflows and an unwinding of speculative long-dollar positions, which also helped it log its best week in more than two years. The rupee ended at 85.9725 against the U.S. …
Rupee posts largest weekly rise in more than two years on inflows Read More »
(Reuters) – India’s Adani Energy Solutions, the power transmission arm of billionaire Gautam Adani’s Adani Group, has won a 28 billion rupee ($325 million) project in the western state of Gujarat, it said on Friday. The project will create a power transmission system for a green hydrogen/ammonia manufacturing unit in Mundra, Gujarat and will be …
India’s Adani Energy Solutions wins $325 million transmission project Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of companies in the Reserve Bank of India’s $10 billion FX swap next week. On Wednesday, the RBI will absorb $10 billion from the market and inject an equivalent amount of …
(Reuters) – Shares of India’s Manappuram Finance jumped 6% on Friday after analysts said that Bain Capital’s plans to buy an 18% stake and jointly control the gold loan provider will help ease its management succession plans. U.S. private equity firm Bain Capital will subscribe to Manappuram’s shares and warrants at 236 rupees apiece, at …
Indian gold loan provider Manappuram hits record high as Bain Capital plans stake buy Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s Jio Finance has postponed its plan to tap the corporate debt market to the next financial year starting April 1 due to elevated yields, two sources aware of the matter said on Friday. The company, a wholly-owned unit of Jio Financial Services, had issued its maiden commercial paper …
India’s Jio Finance postpones debt offering amid elevated yields, sources say Read More »
(Reuters) -India’s Ola Electric Mobility said on Friday that the government has sought information from the electric two-wheeler maker on the mismatch between its vehicle sale and registration numbers for February, which were caused by a “temporary” backlog in registrations. India’s heavy industries and road transport ministries have emailed Ola seeking information, the company said …
(Reuters) – Shares of India’s Bajaj Finance rose 3.5% on Friday to extend their record-high rally, a day after it elevated veteran leader and managing director Rajeev Jain to the post of vice chairman, which analysts termed a “smooth succession.” The non-banking financial company also announced present deputy MD Anup Kumar Saha will be replacing …
India’s Bajaj Finance extends rally to record high on ‘smooth’ top management succession Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India is likely to start the new sugar season in October with comfortable opening stocks, despite lower-than-expected production in the current season and exports of 1 million tons, a leading producers’ body said on Thursday. The world’s second-biggest sugar producer allowed mills to export 1 million …
India to start new sugar season with ample stocks, says producers’ body Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar appreciated broadly on Thursday, a day after the Federal Reserve indicated it was in no rush to cut interest rates further this year due to uncertainties around U.S. tariffs. The Swiss franc weakened after the Swiss National Bank lowered its policy rate to 0.25%, while the …
(Reuters) -IndusInd Bank said on Thursday it has appointed an independent firm to conduct an investigation into discrepancies found by the bank related to its derivatives portfolio. The Mumbai-based lender reported earlier this month that it had discovered an accounting discrepancy in the way it booked currency derivatives, stretching back at least six years, with …
IndusInd Bank appoints independent firm to probe accounting discrepancies Read More »
