Reuters India Business

(Reuters) -The Indian markets regulator’s chairperson and senior officers should disclose their assets and liabilities publicly to boost transparency and accountability, a panel recommended on Wednesday. The committee also recommended that applicants for the positions of chair and members of the Securities and Exchange Board of India should disclose actual, potential, and perceived conflict-of-interest risks …

India markets regulator’s chair, senior officers should make assets public, panel says Read More »

(Reuters) -Cash-strapped Indian carrier SpiceJet posted a wider quarterly loss on Wednesday, hit by a drop in passenger traffic and mounting foreign exchange costs. The company’s loss stood at 6.34 billion rupees ($72.1 million) for the quarter ended September 30, compared with a loss of 4.42 billion rupees a year ago. SpiceJet has been slow …

Indian airline SpiceJet posts wider loss on weak passenger traffic Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks rose for a third straight session on Wednesday, lifted by IT stocks on optimism over U.S. trade talks and expectations of a Federal Reserve rate cut next month, while a steady rise in Reliance Industries also lent support. Analysts said sentiment was also boosted …

Indian shares rally on IT boost, Reliance gains; Bihar state exit polls lift mood Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee slipped on Wednesday, weighed down by dollar demand from local companies alongside modest declines in regional peers, while expectations of central bank intervention on the path to its all-time low capped losses. The rupee closed at 88.63 against the U.S. dollar, down slightly from 88.5675 in the …

Rupee edges lower as corporate dollar bids persist, Asia FX slips Read More »

By Vivek Kumar M (Reuters) -Shares of Billionbrains Garage Ventures, parent of online brokerage Groww, jumped 24% in their market debut on Wednesday, valuing the firm at 761 billion rupees ($8.6 billion) as investors bet on India’s retail investing boom after a run of weak listings. The stock opened at 112 rupees on the National …

India’s Groww valued at $8.6 billion as debut breaks recent streak of weak listings Read More »

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -MSCI’s global equities index rose modestly on Tuesday as investors looked forward to an end to the U.S. government shutdown, while the dollar dipped on concerns about U.S. labor market weakness. The U.S. Senate passed a deal on Monday to restore federal funding after a record-long …

Stocks rise, dollar dips with focus on labor market, US government reopening Read More »