By Aditya Kalra NEW DELHI (Reuters) – Private equity investor Blackstone has pulled out of the race to pick up a minority stake in the snacks business of India’s Haldiram’s over valuation concerns, two sources with direct knowledge of the matter said on Tuesday. Rival bidder Temasek remains in the race to acquire a minority …
Blackstone out of race for India’s Haldiram’s over valuation, sources say Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s blue-chip Nifty 50 posted its longest falling streak in its three-decade history on Tuesday, as global trade conflicts intensified after U.S. President Donald Trump’s tariffs on key trading partners came into effect. The Nifty fell 0.17% to 22,082.65, while the BSE Sensex lost 0.13% to 72,989.93. …
India’s Nifty posts longest losing run on escalating global trade conflict Read More »
(Reuters) – Reliance Industries electric vehicle battery-making unit has asked the federal government for more time to set up its manufacturing plant as part of a production-linked incentive scheme, the Mukesh Ambani-led conglomerate said on Tuesday. The conglomerate did not specify the length of the extension sought or the reason for the delay. In March …
India’s Reliance Industries seeks extension for EV battery plant setup Read More »
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – India’s IIFL Finance has accepted bids worth $100 million for the reissue of its 8.75% 2028 dollar-denominated bonds, two sources aware of the matter said on Tuesday. The non-banking finance company has finalised the deal at a yield of 8.35%. Earlier in the day, it marketed …
India’s IIFL Finance accepts $100 million in 2028 dollar bond reissue, sources say Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed slightly higher on Tuesday tracking a rise in Asian peers, while dollar demand from importers and foreign banks kept a lid on the local unit’s gains. The imposition of U.S. trade tariffs on China, Canada and Mexico dampened risk appetite, triggering a decline in global …
Rise in Asian peers helps rupee end higher even as US tariffs take effect Read More »
By Manoj Kumar NEW DELHI (Reuters) – Indian exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday. Citing the U.S. decision to raise import tariffs and initiatives like the CHIPS Act, Santosh Sarangi, head of the …
India’s exports face pressure from US, EU trade policies, govt official says Read More »
(Reuters) -India’s Reliance Industries said on Tuesday the country’s Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction …
India’s Reliance says oil ministry raised $2.81 billion demand in gas dispute case Read More »
SINGAPORE (Reuters) – GAIL (India) has issued a tender seeking nine cargoes of liquefied natural gas (LNG) to be delivered over three years, two industry sources said on Tuesday. India’s largest gas distributor is seeking three LNG cargoes for delivery on May 16-22, June 6-12 and July 1-7 this year, with submissions due on March …
India’s GAIL issues tender seeking nine LNG cargoes, say sources Read More »
By Alden Bentley and Stefano Rebaudo NEW YORK/MILAN (Reuters) -The euro rebounded on Monday as hopes for a Ukraine peace deal improved, and interest rate differentials moved against the dollar ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week. The Canadian dollar and Mexican peso …
Euro firms on Ukraine hopes, Trump knocks Mexican peso and Canadian dollar Read More »
By Anmol Choubey (Reuters) – Gold prices rose over 1% on Monday after falling to a three-week low in the previous session, driven by a weaker dollar and safe-haven buying amid concerns over U.S. President Donald Trump’s tariff policies. Spot gold gained 1.1% to $2,890.57 an ounce as of 02.04 p.m. ET (1904 GMT). U.S. …
Gold prices rebound on weaker US dollar and tariff concerns Read More »
