By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India plans to allow sugar exports of 1.5 million metric tons in the new season, as a decline in the diversion of sugar for ethanol production is expected to leave a larger domestic surplus, government and trade sources told Reuters on Monday. Higher exports from the …
India plans 1.5 million ton sugar export quota on higher domestic surplus Read More »
By Vivek Kumar M (Reuters) -Lenskart Solutions made a muted trading debut on Monday as stretched valuations clouded the outlook for shares of India’s largest eyewear retailer. The stock was at 392.3 rupees as of 10:07 a.m. IST, valuing the eyewear retailer at 676.25 billion rupees ($7.69 billion). Rival Titan commands a valuation of $37.7 …
Indian eyewear retailer Lenskart makes muted trading debut, valued at $7.7 billion Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee and government bonds will yet again count on market interventions by the Reserve Bank of India this week, to help keep the currency above its record low and protect the benchmark bond from falling sharply. The rupee closed at 88.66 against the U.S. dollar, …
Rupee, bonds to rely on central bank to protect record low, key yield level Read More »
MUMBAI (Reuters) -InCred Holdings, the parent of non-banking financial company InCred Financial Services Limited, has filed a draft prospectus with the market regulator for a potential initial public offering, the company said on Sunday. The Mumbai-headquartered company, which offers personal, student and secured business loans, has disbursed more than 250 billion rupees ($2.84 billion) since its …
India’s InCred Holdings files draft prospectus for IPO Read More »
By Pablo Sinha and Noel John (Reuters) -Gold prices rose on Friday as the dollar softened and uncertainty around the U.S. government shutdown added to safe-haven demand, while Wall Street indexes were set for sharp weekly declines. Spot gold was up 0.7% at $4,005.21 per ounce, as of 3:15 p.m. ET (2015 GMT). U.S. gold …
Gold gains as dollar softens, US shutdown jitters persist Read More »
By Rishika Sadam and Krishna N. Das HYDERABAD/NEW DELHI (Reuters) -India’s drug regulator on Friday ordered state authorities to ensure all pharmaceutical factories comply with international manufacturing standards by January, rejecting industry pleas for more time after toxic cough syrup was linked to additional child deaths since September. The government had directed drugmakers in late …
India orders drugmakers to meet global standards by January after cough syrup deaths Read More »
(Reuters) -India’s JSW Cement reported a second-quarter profit on Friday, as it dispatched more volumes of the construction material at higher prices. The volume growth comes in a seasonally weak quarter when India’s annual monsoons slow construction activity, weakening demand for the material. Consolidated total net profit for the July-September period came in at 864.3 …
India’s JSW Cement posts profit on price recovery, higher volumes Read More »
ROME (Reuters) -The Italian government has given its conditional approval to the sale of truck-maker Iveco to India’s Tata Motors, a parliamentary document showed on Friday. The decision was made on October 31, the document added. Tata Motors has agreed to buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), after the …
Italy approves with conditions Iveco sale to Tata Motors, document shows Read More »
By Shivam Patel NEW DELHI (Reuters) -India signed a deal on Friday to buy 113 engines from General Electric to power an advanced variant of its home-produced Tejas fighter jets, in a sign of warming ties with the U.S. following months of tariff-induced tensions. The Tejas Mk-1A fighters are crucial for India’s efforts to shore …
India signs deal to buy 113 US engines for its Tejas fighter jets Read More »
(Reuters) -India’s fuel consumption hit a five-month high in October, with demand rising 7.7% from September to 20.17 million metric tons, oil ministry data showed. WHY IT’S IMPORTANT India is the world’s third-largest consumer and importer of oil and largest buyer of Russian seaborne crude, taking advantage of discounts on Russian oil as Europe and …
Indian fuel consumption climbs to five-month peak in October Read More »
