By Praveen Paramasivam (Reuters) – Titan forecast revenue growth of up to 20% for its mainstay jewellery business in the next financial year, driven by demand from affluent Indians, but flagged risks to margins from rallying gold prices. Higher gold prices have not deterred affluent Indians from splurging on ornaments for weddings and accumulating gold …
(Reuters) – India’s Tata Group and Bharti Group are close to merging their satellite TV businesses, creating a nearly $1.6 billion entity with the aim of tiding over the sustained migration of subscribers to digital streaming, Economic Times reported on Tuesday. The merged entity is expected to be run by Bharti Airtel, which will likely …
India’s Tata Play, Airtel Digital TV near merger, ET reports Read More »
(Reuters) -India’s Tata Capital plans to launch an initial public offering in which the non-bank lender will issue 230 million new shares, while current shareholders will exit through the offer for sale route, it said on Tuesday. The financial services arm of India’s $165 billion Tata Group was mandated to list by September this year, …
Indian non-bank lender Tata Capital to launch IPO Read More »
NEW DELHI (Reuters) – India has invited bids to appoint merchant bankers and legal advisers to sell the government’s minority shareholding in select public sector banks and financial companies. The government is looking to undertake minority stake sales in state-run banks and financial firms through an offer for sale, according to a document published on …
India seeks advisers for minority stake sales in state-run banks, financial firms Read More »
By Sai Ishwarbharath B and Haripriya Suresh MUMBAI (Reuters) – India’s technology sector is expected to grow at a higher pace this fiscal year, driven by engineering research and development and the rising number of global capacity centres (GCC), or low-cost offshore hubs, industry body Nasscom said on Monday. Nasscom expects the industry’s revenue will …
By Daksh Grover (Reuters) – Gold prices surged to a record high on Monday, driven by safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans, with additional support coming from inflows into the world’s top gold-backed exchange-traded fund. Spot gold rose 0.4% to $2,947.48 an ounce as of 01:55 p.m. ET (1854 GMT). …
Gold hits new record high on tariff worries, exchange-traded fund inflows Read More »
(Reuters) – Citigroup upgraded Indian stocks to “overweight” from “neutral” on Monday, citing improving consumer sentiment, further rate cuts, and limited U.S. trade exposure. India’s “domestic-oriented economy” keeps it more shielded from increased exposure to the U.S. or China, the brokerage said, while keeping a “neutral” rating on broader emerging markets stocks. The Wall Street …
Citi upgrades Indian stocks to ‘overweight’ on rate cut prospects, limited trade impact Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold imports are set to tumble 85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three bank dealers told Reuters. Lower gold imports could help India narrow its trade deficit …
Exclusive-India’s Feb gold imports to hit 20-year low on record high prices, sources say Read More »
(Reuters) – Indian state power company NTPC will invest more than 2 trillion rupees ($23.07 billion) on renewable energy projects in the central state of Madhya Pradesh, the company said on Monday. The announcement adds to the several renewable energy investments the company plans to make over the next couple of decades amid India’s push …
India’s NTPC plans to invest more than $23 billion on renewable energy in Madhya Pradesh Read More »
By Rishika Sadam HYDERABAD, India (Reuters) – U.S. drugmaker Amgen will invest about $200 million this year in its new technology centre in southern India, with further investments planned, CEO Robert Bradway said at the inauguration of the site on Monday. Amgen announced its plans to open a “technology and innovation” site in India last …
Drugmaker Amgen to invest $200 million in India site, CEO says Read More »
