(Reuters) -Indian telecom carrier Bharti Airtel has made an early payment of 36.26 billion rupees ($426.4 million) to the Indian government, the company said on Thursday, settling all its liabilities for the spectrum acquired in 2016. India’s No. 2 wireless carrier had paid 84.65 billion rupees towards the liabilities in September. Indian telecom operators owe …
MUMBAI (Reuters) – Indian state governments must have clear and time-bound glide paths for fiscal consolidation with transparent and uniform reporting of liabilities, given the elevated debt levels, the Reserve Bank of India (RBI) said in a report on Thursday. States should also focus on expenditure efficiency with outcome and climate budgets, the RBI said …
Indian states must set glide path for fiscal consolidation, says central bank report Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened past 85 per dollar on Thursday, hitting an all-time low as the Federal Reserve’s scaling back of its rate cut projections for 2025 battered Asian currencies. The rupee hit a low of 85.0850 against the U.S. dollar before closing at 85.07, down 0.1% on the …
Rupee falls below 85/USD as Fed’s hawkish shift rattles Asian currencies Read More »
(Reuters) – Italian stationery maker FILA has completed the sale of around 4.57% of the outstanding shares in its Indian unit DOMS, raising the equivalent of 90.9 million euros ($94.6 million), it said on Thursday. Through an accelerated bookbuilding process, FILA sold around 2.7 million shares at 2,879.29 Indian rupees ($33.84)each, equal to around 32.8 …
Italy’s FILA raises $95 million from sale of shares in Indian unit Read More »
By Sai Ishwarbharath B BENGALURU (Reuters) – U.S. aerospace and defence giant RTX Corp plans to hire 1,000 more people to its 7,000-strong workforce in India by 2027, its top executives told Reuters, as it looks for more engineers and data scientists to power its global operations. The jobs will be added across RTX’s units, …
RTX aims to boost India headcount by 14% in 3 years, execs say Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may dip past 85 for the first time on Thursday after Federal Reserve officials signalled fewer rate cuts in 2025, sending the dollar index to its highest in two years. The one-month non-deliverable forward indicated that the rupee will open at 85.04-85.06 to the U.S. dollar …
Rupee may weaken past 85/USD on Fed’s ‘decidedly’ hawkish turn Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India extended the suspension of trading in derivative contracts for key farm commodities until January, as the world’s largest importer of vegetable oils and a major producer of wheat and rice seeks to curb food inflation. The Securities and Exchange Board of India (SEBI) initially ordered a year-long suspension …
India extends halt on futures trading in key farm commodities until January Read More »
By Brijesh Patel, Sherin Elizabeth Varghese (Reuters) -Gold slipped more than 2% to a one-month low on Wednesday after the U.S. Federal Reserve lowered interest rates as expected, but noted it will slow the pace at which borrowing costs fall any further, boosting the dollar and bond yields. Spot gold was down 2.1% at $2,589.91 …
Gold falls more than 2% after Fed signals rate-cut slowdown in 2025 Read More »
MUMBAI (Reuters) – India’s market regulator late on Wednesday issued tighter regulations for merchant bankers and initial public offerings (IPOs) by small businesses, mandating that entities listing should have been profitable in recent years. The Securities and Exchange Board of India’s (SEBI) tighter rules followed a boom in IPOs by small- and medium-sized firms, which …
India’s market regulator tightens rules for IPOs of small firms Read More »
(Reuters) – Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit DOMS, it said on Wednesday. The stake sale is being conducted through an accelerated bookbuilding (ABB) process starting on Wednesday, offering up to 2,773,407 ordinary shares in the Indian firm, FILA said. “The placement is …
Italian stationery maker FILA cuts stake in listed Indian unit DOMS Read More »
