By Nimesh Vora and Bharath Rajeswaran MUMBAI (Reuters) – Foreign investors are loading up on options to hedge their equity portfolios against a slide in benchmark indexes as they worry that Prime Minister Narendra Modi’s party may not achieve the landslide victory predicted by opinion polls just weeks ago. The last major poll had estimated …
Foreign equity investors turn to hedging on India election jitters Read More »
(Reuters), BENGALURU – India’s top real estate firm DLF reported a nearly 62% rise in fourth-quarter profit on Monday, aided by strong demand for its premium housing projects and sustained growth momentum from projects launched in previous quarters. The company’s consolidated net profit rose to 9.21 billion rupees (around $110 million) in the three months ended March …
India’s DLF Q4 profit surges on sturdy luxury housing demand Read More »
NEW DELHI (Reuters) – India’s wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday. The April figures were higher than the 1% rise expected by economists polled by Reuters and up from a 0.53% year-on-year rise in March. Wholesale …
India April wholesale price index rises at fastest pace in a year Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s markets regulator and exchanges will tighten rules for public offers of small and medium enterprises (SMEs), according to two sources, after complaints of misuse of a separate listing platform introduced in 2012 to enable small businesses access the capital markets. The regulator, the Securities and Exchange Board …
India regulator plans tighter rules for listing of small businesses, sources say Read More »
(Reuters) -Aluminum recycler Novelis, owned by Indian conglomerate Aditya Birla Group’s Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on …
By Foo Yun Chee BRUSSELS (Reuters) – U.S. heart valve maker Edwards Lifesciences has been hit with an EU antitrust complaint by Indian rival Meril including for allegedly anti-competitive practices related to patents, a move that could bolster EU regulators’ scrutiny of Edwards. Regulators on both sides of the Atlantic have recently taken a tougher …
Edwards Lifesciences hit with Meril’s EU antitrust complaint Read More »
NEW DELHI (Reuters) -India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation. India has been developing the port in Chabahar on Iran’s south-eastern coast along the Gulf of Oman as a way to …
India inks 10-year deal to operate Iran’s Chabahar port Read More »
By Rahul Paswan (Reuters) – Gold prices fell 1% on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the U.S. interest rate cuts this year. Spot gold fell 1% to $2,336.76 per ounce by 1745 GMT. It had hit its highest level since April 22 on Friday. …
Gold dips as traders await US inflation data for Fed rate cut cues Read More »
BENGALURU (Reuters) -India’s Shriram Finance said on Monday it will sell its entire stake in affordable housing finance unit Shriram Housing Finance to U.S. private equity firm Warburg Pincus in a deal valued at 46.30 billion rupees ($554.59 million). Warburg Pincus, through its affiliate Mango Crest Investment, will now fully own the unit in a market …
India’s Shriram Finance to sell housing finance unit to Warburg Pincus for $555 million Read More »
BENGALURU (Reuters) – India’s Tata Motors’ shares fell 8% on Monday, their biggest slide in over two years, over concerns of muted margin growth at its Jaguar Land Rover division, while the unit said it would have to ramp up spending amid slowing global demand. The company’s stock slid the most since February 2022. They …
India’s Tata Motors sinks most in 2 years on JLR margin concerns, demand worries Read More »
