Reuters India Business

(Reuters) -Germany-based Deutsche Bank AG said on Wednesday that it had infused 51.13 billion rupees ($607.50 million) into its Indian operations to fund growth plans. These funds, along with retained earnings and other statutory components, increase the capital at Deutsche Bank AG India branches to nearly 300 billion rupees, a 33% increase over 2023 levels, …

Germany’s Deutsche Bank pumps $607.5 million into India operations Read More »

By Anjana Anil (Reuters) – Gold prices edged up on Tuesday as investors braced for political tensions after opinion polls showed Donald Trump and Kamala Harris are neck and neck in the U.S. presidential election where chances of a contested result are high. Spot gold gained 0.2% to $2,740.96 an ounce by 01:54 p.m. ET …

Gold rises as markets gird for US election outcome Read More »

(Reuters) -Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India’s second-largest stock offering this year. Norway’s sovereign wealth fund Norges was allocated 4.46% of the portion reserved for big “anchor” investors and Nomura purchased 4.13%, …

Fidelity, Norges among buyers of Swiggy shares in India IPO Read More »

NEW DELHI (Reuters) – The Indian government has proposed merging regional rural banks to reduce their number to 28 from 43, which could help these lenders cut costs and shore up their capital base, according to a government document dated Nov. 4 that was reviewed by Reuters. Regional rural banks provide credit to small farmers, …

India proposes merging regional rural banks to help them shore up capital, document shows Read More »

(Reuters) -Miner Hindustan Zinc said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million). The Indian government, which currently holds a 29.54% stake in the company, is looking to sell 105.6 million shares at a …

Indian government to sell 2.5% stake in Hindustan Zinc for $634 million Read More »

By Sethuraman N R BENGALURU (Reuters) – India’s Apollo Green Energy, an engineering and construction firm, plans to set up a 500 megawatt (MW) solar module plant in the next two-three years and tap domestic public markets in 2025 to execute new projects, its chief executive said on Tuesday. The company, which focuses on constructing …

India’s Apollo Green Energy plans solar module plant, targets IPO in 2025, CEO says Read More »