(Reuters) – India’s Gensol Engineering on Wednesday denied falsifying debt-related data, after credit rating agency ICRA downgraded the company and raised concerns over its liquidity position and corporate governance practices. WHY IT’S IMPORTANT Credit rating agencies ICRA and Care Edge Ratings downgraded the construction and engineering firm this week and noted ongoing delays in the …
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian benchmarks rose the most in a month on Wednesday, powered by IT and metal stocks, a day after the Nifty 50 posted its longest losing streak on record amid escalating global trade tensions. The Nifty 50 rose 1.15% to 22,337.30 while the Sensex climbed 1.01% to …
Indian benchmarks rise most in a month on IT, metals boost Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose on Wednesday as a broadly weaker U.S. dollar spurred gains in most Asian currencies, with investors fretting over a slowdown in the U.S. and how trade tariffs may impact the world’s largest economy. The rupee closed 0.3% higher at 86.9550 against the U.S. dollar, its …
Broad dollar weakness helps rupee post best day in over three weeks Read More »
(Reuters) – Shares of India’s Coforge jumped as much as 10% on Wednesday, a day after the IT services provider signed a 13-year partnership with U.S.-based travel bookings provider Sabre Corp. The stock was up 9.1% as of 10:44 a.m. IST, on track for its second-highest percentage gain so far in 2025, and was the …
Indian IT firm Coforge soars on $1.56 billion deal with Sabre Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s services sector accelerated in February, supported by robust demand and a firm business outlook that led to a substantial increase in hiring, a survey showed. Asia’s third-largest economy expanded 6.2% year-over-year last quarter, lifted by government and consumer spending. The government expects India to grow 6.5% …
Robust demand propels India’s services sector growth in February, PMI shows Read More »
MUMBAI (Reuters) – India moved platinum alloy imports to the restricted category from the previously free category, except for 99% pure platinum alloy imports, the government said in a notification on Wednesday. The decision to restrict platinum imports by the world’s second largest gold consumer comes as some importers were masking gold imports as platinum …
India restricts platinum alloy imports, except 99% pure Read More »
By Anmol Choubey (Reuters) – Gold prices rose on Tuesday, driven by a weaker dollar and heightened safe-haven demand amid escalating trade conflicts following U.S. President Donald Trump’s imposition of new tariffs. Spot gold was up 0.6% at $2,911.88 an ounce as of 02:16 a.m. ET (1916 GMT). Bullion has gained nearly 11% so far …
Gold rises on weaker dollar, trade war fears after Trump tariffs Read More »
(Reuters) – India’s Jio Financial Services will buy shares it did not already own in its joint venture for 1.05 billion rupees ($12.03 million) from partner State Bank of India to bolster financial operations, the Reliance group company said on Tuesday. The financial services provider owns about 82.17% of Jio Payments Bank, begun in 2018. …
(Reuters) – Indian oil explorer Oil and Natural Gas Corp said on Tuesday its unit acquired clean energy firm PTC Energy for 9.25 billion Indian rupees ($106.02 million) as the company looks to ramp up its green energy portfolio. CONTEXT PTC Energy has operational wind generation capacity of 288 megawatts located at seven locations across …
India’s ONGC unit buys clean energy firm PTC Energy for $106 million Read More »
(Reuters) – Indian IT services provider Coforge said on Tuesday it had entered into a 13-year agreement valued at $1.56 billion with Sabre Corp to strengthen the U.S.-listed travel booking provider’s product roadmap. The agreement will further Sabre’s ability to accelerate product delivery and launch additional artificial intelligence-driven solutions, Coforge added in an exchange filing. …
India’s Coforge, Sabre Corp ink 13-year agreement valued at $1.56 billion Read More »
