By Nikunj Ohri NEW DELHI, Dec 15 (Reuters) – The Indian government held road shows in London to assess investor interest for a minority stake sale in state-run General Insurance Corp of India (GIC), two government sources familiar with the matter told Reuters. India plans to sell a total of 10% stake in the insurer …
India holds road shows to explore share sale in state-run GIC, sources say Read More »
By Rajendra Jadhav MUMBAI, Dec 15 (Reuters) – India’s palm oil imports edged up in November as refiners took advantage of lower prices, boosting purchases of the tropical oil while reducing imports of the costlier soyoil and sunflower oil, a leading industry body said on Monday. Higher palm oil imports by India, the world’s largest …
India’s Nov palm oil imports rise as lower prices spur buying Read More »
NEW DELHI, Dec 15 (Reuters) – India’s wholesale prices fell 0.32% year-on-year in November after a 1.21% drop in the previous month, as food prices declined at a slower pace, government data showed on Monday. Economists polled by Reuters had projected the wholesale prices to fall 0.6% year-on-year in November. KEY NUMBERS * Wholesale food …
India wholesale prices fall 0.32% year-on-year in November Read More »
By Jaspreet Kalra MUMBAI, Dec 15 (Reuters) – The Indian rupee fell to a record low on Monday, pressured by a prolonged deadlock in U.S.-India trade negotiations and sustained foreign outflows from domestic equities and bonds. The rupee weakened 0.3% to 90.74 against the U.S. dollar, eclipsing its previous all-time low of 90.55 hit on …
Indian rupee slips to record low, central bank intervention curbs fall Read More »
Dec 15 (Reuters) – ICICI Prudential Asset Management’s $1.2 billion initial public offering was fully subscribed on the second day of bidding on Monday, as institutional investors lined up for a piece of India’s second-largest fund manager. The country’s fourth-largest IPO this year puts India on track for a second straight year of record primary …
ICICI Prudential AMC’s $1.2 billion India IPO fully subscribed, led by institutions Read More »
(Corrects paragraph 7 in Dc 12 story to change designation to “head of global investments” from “macro strategist and global equities fund advisor”) By Bharath Rajeswaran Dec 12 (Reuters) – Indian shares advanced on Friday, extending the previous session’s U.S. Federal Reserve-led rebound that helped cap weekly losses. Focus is now on the domestic retail …
Indian shares trim weekly losses on Fed-fueled rebound; inflation data on tap (Dec 12) Read More »
Dec 15 (Reuters) – Shares of Indian home and furnishing company Wakefit Innovations fell as much as 9.2% in their trading debut on Monday, valuing the firm at 59.54 billion rupees (~$657 million). The stock opened at 195 rupees, matching its issue price, and was last trading at 187.34 rupees on the National Stock Exchange …
Indian furnishing company Wakefit falls 9% in debut, valuation at $657 million Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 15 (Reuters) – The rupee’s rough patch is likely to extend into the final few weeks of the year as weak flows and the lack of a U.S. trade deal bog down investor sentiment, while bonds will react to the central bank’s debt purchase and foreign investors’ …
Indian rupee set to keep drifting lower, bonds to track debt buy, FPI activity Read More »
By Aditya Kalra, Nikunj Ohri and Shivam Patel NEW DELHI, Dec 12 (Reuters) – India and France have struck a deal to revise their 1992 treaty which will halve the tax on dividends paid by Indian units to French parents, potentially saving millions for companies with major operations in the South Asian nation, documents show. …
India, France seal treaty revamp giving Paris dividend relief, Delhi tax rights Read More »
Dec 12 (Reuters) – India’s IndiGo on Friday estimated a payout of more than 5 billion rupees ($55.19 million) in total to customers impacted by the carrier’s mass cancellations last week. The airline had scrapped around 4,500 flights last week because of poor pilot roster planning, leaving tens of thousands of passengers stranded, following which …
