By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Adani Enterprises’ first retail bond was fully subscribed at its launch on Wednesday, local Indian stock exchange data showed, in a rare issue on the market. While the Indian group has raised money from institutional investors since U.S. short-seller Hindenburg Research accused it of improper use …
Adani Enterprises’ first Indian retail bond fully subscribed Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator said on Wednesday that claims of an unprofessional work culture at its offices were “misplaced”, responding to reports in the local media earlier in the day. In a letter to the federal finance ministry last month, some employees of the Securities and Exchange Board of India …
Indian markets regulator says unprofessional work culture claims ‘misplaced’ Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Activity in India’s dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed. The HSBC final India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 60.9 in August, up from July’s 60.3 and …
India’s services sector growth accelerates to 5-month high in Aug, PMI shows Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed wedged between negative global cues and support from the central bank. The rupee hit a lifetime low of 83.98 to the U.S. dollar in the …
Rupee hits record low amid negative global cues; RBI support aids Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes settled lower on Wednesday, as renewed worries about a slowdown in the United States hit global markets and shares of information technology companies. The Nifty 50 index ended 0.32% lower at 25,198.7 points, while the S&P BSE Sensex fell 0.25% to 82,352.64. Asian shares …
By Shivangi Acharya NEW DELHI (Reuters) -India’s steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China. India, the world’s second biggest crude steel producer, turned net steel importer in the …
India’s steel ministry backs industry’s demand to raise tariffs Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – One of India’s largest makers of auto parts, Samvardhana Motherson International, will launch a share sale of up to $715 million this month, two sources briefed on the matter told Reuters, the latest company to tap a booming stock market. The fund-raising exercise stands to …
Indian auto parts maker Motherson to launch $715 million share sale, sources say Read More »
(Reuters) – Singapore’s CapitaLand Investment said on Wednesday it aims to more than double its funds under management in India by 2028 from S$7.4 billion ($5.66 billion) as of June 30. This will contribute to the company’s global target of achieving S$200 billion in FUM by 2028, the real estate investment manager said. “The country …
Singapore’s CapitaLand aims to more than double India funds under management by 2028 Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was little changed on Wednesday, as a slump in oil prices and the dovish Federal Reserve outlook countered the poor risk mood. The rupee was at 83.9575 to the U.S. dollar at 10:40 a.m. IST compared with 83.9625 in the previous session. Brent crude dipped in …
Rupee takes comfort in oil prices, Fed outlook amid equity selloff Read More »
By Rajendra Jadhav MUMBAI (Reuters) – A push by India to make more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains. The jump in import demand comes after India in January hiked the procurement price of …
Analysis-Ethanol push turns India into corn importer, shaking up global market Read More »
