(Reuters) -Shares of India’s Ola Electric Mobility slid more than 6% to a record low on Monday after the company said one of its units faced an insolvency petition from a creditor. Its shares fell as much as 6.2% to 47.4 rupees as of 10:01 a.m. IST and have fallen about 38% from its IPO …
India’s Ola Electric shares hit record low as unit faces insolvency petition Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee alongside government bonds will likely take cues from the U.S. Federal Reserve’s policy decision and commentary on the impact of policy changes under the new Trump administration. The rupee closed at 86.9975 on Thursday, down 0.1% on the week. India’s financial markets were …
India rupee, bonds to take cues from Fed policy decision, commentary Read More »
By Praveen Paramasivam CHENNAI (Reuters) – India’s Zetwerk is considering a stock market listing within 24 months, at a time when the contract manufacturer is ramping up electronics production, its CEO and co-founder said on Saturday. “Global companies are moving production to India. This is happening today; this will happen once in our lives probably,” …
India’s Zetwerk mulls public listing within two years, co-founder says Read More »
NEW DELHI (Reuters) – India’s central bank said on Saturday that private lender IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory. Earlier this month, IndusInd Bank reported it had discovered an accounting discrepancy in the way it booked currency derivatives stretching back at least six years. The resulting estimated $175 …
Indian central bank says IndusInd Bank’s financial health remains stable Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices rebounded by 1% on Friday to end the week nearly unchanged as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures settled 70 cents, or 1%, higher at $70.58 …
Oil rebounds 1% to end week steady amid prospect of Ukraine ceasefire Read More »
By Ashitha Shivaprasad (Reuters) – Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe-haven asset to seek cover from economic uncertainty sparked by U.S. President Donald Trump’s tariff war. Spot gold hit an all-time high of $3,004.86 earlier in the …
Gold pops above $3,000/oz for first time in historic safe-haven rally Read More »
(Reuters) – Indian IT services provider Infosys on Friday said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits and resolve all allegations made …
Infosys settles lawsuits against US unit over cyber incident for $17.5 million Read More »
MOSCOW (Reuters) – Russian aluminium giant Rusal on Friday said it had agreed to buy a 26% stake in an Indian alumina refinery owner for $243.75 million and to acquire up to 50% in stages, a move that should reduce its reliance on third-party raw materials. Rusal, the world’s largest aluminium producer outside China, has …
Russia’s Rusal to buy 50% stake in Indian alumina refinery owner in stages Read More »
By Sherin Elizabeth Varghese and Anmol Choubey (Reuters) – The relentless rise of gold has taken prices of the precious metal above the psychologically key $3,000 per ounce mark for the first time, as geopolitical and economic uncertainty sent investors rushing into the safe-haven asset. Spot gold hit a record $3,004.86 per ounce on Friday, …
Gold vaults $3,000 in rush for safety from market, political worry Read More »
BENGALURU (Reuters) -Indian IT major Wipro is realigning its four global business lines from April 1 to better address client needs, the company said on Friday. This is its first rejig after CEO Srinivas Pallia took over the role in April 2024, and comes two years after a similar move under former top boss Thierry …
