Reuters India Business

India’s SEBI mulls proposal to expand pool of investments for REITs and InvITs

(Reuters) -India markets regulator is considering widening liquid mutual fund options for Real Estate Investment Trusts and Infrastructure Investment Trusts  to boost their participation, its chairperson said in a speech. “We are examining a proposal to expand the pool of liquid mutual fund schemes, in which REITs and InvITs can invest, while safeguarding investor interests,” …

India’s SEBI mulls proposal to expand pool of investments for REITs and InvITs Read More »

Groww parent Billionbrains’ quarterly profit rises on higher active users

(Reuters) -Billionbrains Garage Ventures, the parent of Indian online stockbroker Groww, reported a 12% rise in second-quarter profit on Friday, boosted by a jump in active users. Groww, which was founded almost a decade ago and made its stock market debut earlier this month, posted a consolidated net profit of 4.71 billion rupees ($53.14 million), …

Groww parent Billionbrains’ quarterly profit rises on higher active users Read More »

India’s November business growth slows to 6-month low on weak manufacturing, PMI shows

By Anant Chandak BENGALURU (Reuters) -India’s private sector activity expanded at its slowest pace in six months in November as manufacturing growth slipped to a nine-month low, offsetting an uptick in services, according to a private survey on Friday. HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, retreated to 59.9 this …

India’s November business growth slows to 6-month low on weak manufacturing, PMI shows Read More »

India’s Bharti Telecom readies second $1 billion debt issue in two months, sources say

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s Bharti Telecom, the holding company of Bharti Airtel, is looking to raise $1 billion through a bond sale, its second in two months, two sources aware of the matter said on Friday. The company is set to issue 90 billion rupees ($1.01 billion) worth of bonds …

India’s Bharti Telecom readies second $1 billion debt issue in two months, sources say Read More »

Foreign investment in Indian stocks set to rebound, says asset manager Amundi

By Vivek Kumar M (Reuters) -Amundi, Europe’s largest asset manager, expects foreign investors to return to Indian equities as heavy selling in 2025, which caused the world’s fastest-growing major economy to underperform other emerging markets, begins to ease. Foreign investors have sold $16.4 billion of Indian shares so far this year, marking their second-largest outflow …

Foreign investment in Indian stocks set to rebound, says asset manager Amundi Read More »

India’s top solar state regulator blocks 3.2 GW coal power plan, citing clean energy push

By Sethuraman N R NEW DELHI (Reuters) -The power regulator of Rajasthan, India’s largest solar power producer, has refused permission for a proposed 3,200-megawatt coal power project, saying it conflicts with clean energy goals and lacks justification under demand forecasts, a filing showed. The Rajasthan Electricity Regulatory Commission said in an order published on Thursday …

India’s top solar state regulator blocks 3.2 GW coal power plan, citing clean energy push Read More »

Gold falls as strong US jobs data dims prospects for December rate cut

By Pablo Sinha (Reuters) -Gold prices fell on Thursday as investors digested the September U.S. jobs report, which showed stronger-than-expected employment figures and dampened prospects for a December rate cut.  Spot gold fell 0.6% to $4,058.29 per ounce by 1:45 p.m. ET (1845 GMT). U.S. gold futures for December delivery settled 0.6% to $4,060 per …

Gold falls as strong US jobs data dims prospects for December rate cut Read More »

India’s Reliance stops importing Russian crude for refinery operations

NEW DELHI (Reuters) -India’s Reliance Industries has stopped importing Russian crude oil into its refining complex at Jamnagar in western Gujarat state, effective November 20, its spokesperson said on Thursday. The Indian conglomerate, which has a long-term deal to buy nearly 500,000 barrels a day of crude from Russian major Rosneft, had said it would …

India’s Reliance stops importing Russian crude for refinery operations Read More »

Reliance Communications faces probe from India’s serious fraud office

(Reuters) -Reliance Communications is facing a probe from India’s Serious Fraud Investigation Office, it said on Thursday, in a move that will pile more pressure on the insolvent company, which is already under the scrutiny of the country’s financial crime-fighting agency. The company said an SFIO-appointed inspector had asked it and its unit, Reliance Communications …

Reliance Communications faces probe from India’s serious fraud office Read More »

U.S. chipmaker Marvell plans India hiring spree, R&D push to tap AI boom

By Sai Ishwarbharath B BENGALURU (Reuters) -U.S. chipmaker Marvell Technology plans to boost hiring and research spending in India to tap surging global demand for AI infrastructure, its India head told Reuters. The company aims to grow its 1,700-strong workforce in India by 15% annually over the next three years, Navin Bishnoi said in an …

U.S. chipmaker Marvell plans India hiring spree, R&D push to tap AI boom Read More »

Close Bitnami banner
Bitnami