By Anmol Choubey (Reuters) – Gold prices dipped on Thursday due to rising U.S. Treasury yields and profit-taking, while market attention turned to Friday’s payrolls data for insights into the Federal Reserve’s monetary policy move. Spot gold fell 0.1% to $2,915.83 an ounce as of 01:49 p.m. ET (1849 GMT), after rising in the last …
Gold eases as Treasury yields climb, eyes on US jobs data Read More »
(Reuters) – A joint venture between Blackstone Inc and India’s Sattva Group filed a draft prospectus on Thursday for the country’s largest real estate investment trust (REIT) initial public offering, aiming to raise up to 62 billion rupees ($712.55 million). The joint venture, Knowledge Realty Trust, is 55% owned by Blackstone, while Sattva holds a …
Blackstone-Sattva JV to raise up to $712 million in India’s largest REIT IPO Read More »
By Aditya Kalra NEW DELHI (Reuters) – Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses of Zomato, Swiggy and Zepto, calling for an investigation into alleged deep discounting practices, legal papers show. India’s e-commerce sector has faced intense scrutiny over how products are priced online. An antitrust investigation last year …
Fast-delivery companies Zomato, Swiggy, Zepto face India antitrust case over discounts Read More »
(Reuters) – Indian private refiner Nayara Energy, majority owned by Russian entities including oil major Rosneft, will make a $217.5 million share buyback offer to help its minority stakeholders exit from the delisted company, it said on Thursday. Rosneft and its partners closed the nearly $13 billion acquisition of Nayara Energy, formerly known as Essar …
Russia-backed Indian refiner Nayara lines up $217.5 million share buyback Read More »
By Siddhi Nayak and Ashwin Manikandan MUMBAI/NEW DELHI (Reuters) – India’s central bank plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds as it tries to cool growth in the fast-growing segment, seven people, including industry sources and those aware of the regulator’s thinking, said. The …
India’s central bank set to ask lenders to tighten gold loan processes, sources say Read More »
By Sethuraman N R (Reuters) – India’s renewable energy sector is facing obstacles including weak demand for tenders, power agreement delays and project cancellations, the Institute for Energy Economics and Financial Analysis said on Thursday. The country issued a record 73 gigawatts of utility-scale renewable energy tenders in 2024, but about 8.5 GW was undersubscribed …
India’s renewable energy sector hit by weak demand, cancellations, report says Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes closed higher in a choppy session on Thursday, led by high-weight Reliance Industries and metal stocks, while a drop in oil prices also aided sentiment. The Nifty 50 rose 0.93% to 22,544.70, while the BSE Sensex ended 0.83% higher at 74,340.09, gaining for a …
Reliance Industries, metals buoy Indian shares; weaker oil prices aid sentiment Read More »
(Reuters) -Indian biscuit maker Britannia Industries said on Thursday that its Chief Executive Officer Rajneet Singh Kohli has resigned after serving two-and-a-half years in the role. Britannia did not name Kohli’s successor, but said he will be relieved from the role on March 14, as per his request. Kohli, who joined as Britannia’s CEO in …
Indian biscuit maker Britannia Industries CEO Rajneet Kohli steps down Read More »
By Bharath Rajeswaran (Reuters) – Foreign investors continued to exit Indian equities in February, but the pace of selling in heavyweight financial stocks slowed sharply from January’s heavy outflows, data on Thursday showed, even as concerns over lagging economic growth persist. Foreign portfolio investors (FPI) sold financials worth 69.91 billion rupees ($803.2 million), the most …
Foreign selling in Indian stocks continues in February, but financials see some relief Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian central bank’s latest bond purchase and FX swaps underscore its intention to keep banking system liquidity in a surplus, which should help banks to pass on policy rate cuts to consumers, analysts said. Comfortable liquidity positions would also lead to a steepening in the yield curve, which will …
India central bank signals intent to ensure banking liquidity surplus, analysts say Read More »
