By Georgina McCartney HOUSTON (Reuters) -Cairn India is looking to boost oil production in India to 500,000 barrels per day from 100,000 bpd within the next six to seven years with the help of a joint venture partner, the company’s head of exploration said on Tuesday. Sam Algar, speaking at the CERAWeek energy conference in …
Cairn India seeks JV partner to boost oil production Read More »
By Ashitha Shivaprasad and Sarah Qureshi (Reuters) – Gold prices gained 1% on Tuesday amid a weaker dollar and economic slowdown worries due to tariff wars, while investors strapped in for inflation data that could shed light on the future path of U.S. interest rates. Spot gold was 1% firmer at $2,919.29 an ounce as …
Safe-haven gold firms on weaker dollar, growth concerns Read More »
(Reuters) – India’s AGS Transact Technologies said on Tuesday it had migrated half of its ATMs back to banks and merchant service providers to minimize disruption, as the debt-saddled payments firm is trying to resume operations across its network. AGS, which gives digital and cash-based services to banks and corporate clients, provided services to 31,093 …
India’s AGS Transact moves half of its ATMs back to banks Read More »
MUMBAI (Reuters) – India’s sugar output for the 2024/25 marketing year, ending in September is projected to fall below consumption for the first time in eight years because of reduced sugarcane supplies in key states, a trade body said on Tuesday. The country is expected to produce 25.8 million metric tons of sugar, down 19.1% …
Indian sugar output to fall below consumption, says trade body Read More »
(Reuters) -India’s Zydus Lifesciences said on Tuesday it will acquire an 85.6% stake in France’s Amplitude Surgical for 256.8 million euros (nearly $280 million) as part of its plans to expand further in the global medical devices market. The acquisition, which is a nearly 81% premium to Amplitude’s last close, comes as India’s pharmaceutical industry …
India’s Zydus Lifesciences to buy 86% stake in French medical devices maker Read More »
HOUSTON (Reuters) – India’s Oil and Natural Gas Corporation is focusing its investments on the Middle East, Africa and Latin America, Rajarshi Gupta, the managing director of ONGC Videsh Limited, said on Tuesday at the CERAWeek conference in Houston. (Reporting by Arathy Somasekar)
(Reuters) -Elon Musk’s Starlink has signed a deal with India’s No. 2 telecoms company Airtel to bring Starlink’s internet services to the world’s most populous country, intensifying rivalry with fellow billionaire Mukesh Ambani’s telecom firm Reliance Jio. The pact will allow the U.S. satellite internet giant to utilize Airtel’s retail store network to distribute its …
Musk’s Starlink, India’s Airtel tie up to challenge Ambani in broadband race Read More »
By Siddhi Nayak and Nandan Mandayam (Reuters) -Indian private lender IndusInd Bank will report a profit for the fourth quarter and the full financial year 2025, its CEO told CNBC-TV18 on Tuesday, after discrepancies in its derivatives accounts sent its shares tumbling. “I think we have provisions, which we have created over a period of …
IndusInd Bank’s shares slide; CEO says quarterly profit on track despite accounting gaps Read More »
(Reuters) – Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment. The latest funding, by far the largest in the Houston, Texas-based company’s history, has given it …
Fintech Zolve raises $251 million in its largest funding round yet Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes closed little changed on Tuesday as losses in IndusInd Bank and information technology stocks offset gains in other companies, while the sentiment remained grim due to worries over the U.S. economy. The Nifty 50 closed 0.17% higher at 22,497.90, while the Sensex fell 0.02% …
Indian benchmarks muted as IndusInd Bank, IT offset gains in other stocks Read More »
