By Aditya Kalra NEW DELHI (Reuters) -U.S.-based Glas Trust is not part of a key panel overseeing the insolvency proceedings of Indian education-technology giant Byju’s, and will need to substantiate the $1 billion claim of lenders it represents, according to documents and three sources. Byju’s was once a darling of global investors and valued at …
US lenders not on insolvency panel of India’s Byju’s, sources say Read More »
(Reuters) -The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday. “For foreign funds investing in only government bonds, given that India’s debt has been included in global indices, we are trying to make the registration process …
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased to their lowest in more than a week on Tuesday, pressured by a firm dollar, while investors awaited U.S. non-farm payrolls data that could determine the size of the potential cut in the Federal Reserve’s September policy meeting. Spot gold fell 0.4% to $2,490.44 per ounce …
Gold at over one-week low on firm dollar, US payrolls data awaited Read More »
By America Hernandez PARIS (Reuters) – TotalEnergies will form a joint venture with India’s Adani Green Energy Ltd in a deal which will see the French oil giant contribute an equity investment of $444 million, it said on Tuesday. The two companies had formed a joint venture in September 2023 worth $300 million which gave …
TotalEnergies deepens ties with India’s Adani Green with $444 million JV Read More »
BENGALURU (Reuters) -The Indian government has proposed to offload a stake of about 6.8% in General Insurance Corp of India (GIC), an exchange filing showed on Tuesday. The sale will made at a floor price of 395 rupees per share, as per the filing, a 6.3% discount to Tuesday’s closing price. The Indian government currently …
Indian govt proposes to sell up to 6.8% stake in insurer GIC Read More »
By Manoj Kumar NEW DELHI (Reuters) -India should focus on labour-intensive exports to boost employment, The World Bank said on Tuesday, noting that the country’s manufacturing industry has not fully seized opportunities from China’s exit from these sectors. “India should also try to conquer less advanced markets,” said Auguste Tano Kouame, World Bank country director, …
World Bank urges India to boost labour-intensive exports for jobs Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined on Tuesday, tracking weak Asian peers, but the central bank’s repeated intervention at current levels in the recent past meant that the losses were fairly limited. The rupee was at 83.9475 to the U.S. dollar at 11:02 a.m. IST, down from 83.9175 in the previous …
Rupee’s decline capped by central bank’s recent behaviour Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia’s largest lender, Sberbank, told Reuters. Sberbank handles payments for up to 70% of all Russian exports to India. …
Exclusive-Russia’s Sberbank says India business booming despite Western sanctions Read More »
By Manvi Pant BENGALURU (Reuters) -Indian shares steadied near record highs on Tuesday, ahead of a raft of data that may determine how deeply the U.S. will cut interest rates later this month. The Nifty 50 index was largely unchanged at 25,259.3 points, while the S&P BSE Sensex dipped 0.1% to 82,490.79. The blue-chip Nifty …
Indian shares hover near record highs ahead of US economic data Read More »
BENGALURU (Reuters) – India’s Bajaj Housing Finance is targeting a valuation of 582.97 billion rupees ($6.94 billion) through its $782 million initial public offering, a term sheet showed on Tuesday. The home loan financing unit of Bajaj Finance has set a price band of 66-70 rupees per share for the IPO, which will run from …
India’s Bajaj Housing Finance targets $7 billion valuation in IPO Read More »
