Reuters India Business

(Reuters) -Life Insurance Corporation of India (LIC) hopes to decide on acquiring stake in a health insurance company by the end of March, its chief executive said on Tuesday. “I am very much hopeful that within this financial year, before 31st March, some decision can be taken,” Siddhartha Mohanty, the chief executive officer of India’s …

India’s LIC hopes to decide on health insurer stake buy by March-end, CEO says Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes logged their best day in six weeks on Tuesday, closing near one-month highs, as investors scooped up cheaper stocks on hopes that the market has bottomed out. The Nifty 50 closed 1.45% higher at 22,834.30, while the BSE Sensex rose 1.53% to 75,301.26. The …

India’s benchmarks record best day in six weeks on bargain buying, global cues Read More »

(This March 4 story has been corrected to clarify that Ambuja Cements is buying Orient Cement, not India Cements, in paragraph 1) (Reuters) – India’s antitrust watchdog, approved Ambuja Cements’ acquisition of Orient Cement on Tuesday, months after the Adani Group company first announced the deal. Ambuja Cements, India’s second-largest cement maker, in October revealed …

India competition watchdog approves Ambuja Cements’ acquisition of Orient Cement (March 4) Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee jumped to its highest level in over three weeks on Tuesday, boosted by likely dollar inflows and persistent weakness in the greenback, which teetered near a five-month low against major peer currencies. The rupee rose to a peak of 86.54 against the U.S. dollar, its highest …

Rupee leaps to over three-week high on inflows, softer dollar Read More »

By Abhijith Ganapavaram NEW DELHI (Reuters) -Air India CEO Campbell Wilson on Tuesday said the global aircraft shortage hampering airline growth will persist for four to five years as supply snags hobble production at jetmakers Boeing and Airbus. Speaking at an event organised by travel news website Skift, Wilson said he sees pinch points in …

Air India CEO warns aircraft shortage to last at least four years Read More »

By Daksh Grover (Reuters) – Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve’s policy meeting. Spot gold was up 0.5% at $2,998.14 an ounce by 01:30 p.m. ET (1730 GMT), having hit a record high of $3,004.86 …

Gold holds below $3,000 ahead of Fed rate decision Read More »