By Nimesh Vora MUMBAI (Reuters) – Investors do not expect India’s national elections to spark major volatility in the country’s stock market, unlike prior occasions, based on the low cost of insuring against a slide if Prime Minister Narendra Modi does not win a third straight term. The Nifty 50, India’s main equity gauge, is …
India equity options pricing in a no-surprises election verdict Read More »
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – India’s improving trade deficit, inflows into bonds and reduced pressure on the rupee in the offshore market has lowered the need for the Reserve Bank of India (RBI) to intervene aggressively in the foreign exchange market. The RBI’s interventions eased significantly earlier this year, with the …
India cenbank’s FX intervention eases as conditions turn favourable for rupee Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The recent sharp foreign investor selling in Indian government bonds in April, marking the highest monthly sales since the Covid-19 pandemic, is only an aberration, with inflows likely to continue in the coming months, senior market participants said. A large part of these outflows have happened on the back …
India’s government bond outflows in April an aberration, say analysts Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s manufacturing sector slowed marginally in April but remained robust thanks to strong demand, prompting firms to ramp up purchases of raw materials at a near-record pace, a business survey showed on Thursday. Asia’s third-largest economy is the fastest growing among major peers and strong consumption is …
India’s April factory growth eases but still strong, PMI shows Read More »
(Reuters) -India’s Jindal Stainless said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion. The company will acquire a 54% equity stake in Chromeni Steels, which owns a 0.6 million tonnes per annum (MTPA) cold rolling mill in Gujarat state, for a deal valued at 13.40 billion rupees. …
India’s Jindal Stainless to invest $647 million for acquisitions, increasing capacity Read More »
BENGALURU (Reuters) – India’s Adani Wilmar reported a 67.5% rise in its fourth-quarter profit on Wednesday, helped by higher demand for its edible oil and softer raw material costs. The “Fortune” branded cooking oil maker said its consolidated net profit rose to 1.57 billion rupees ($18.8 million) in the quarter ended March 31, from 936.1 …
India’s Adani Wilmar posts Q4 profit jump on strong edible oil demand Read More »
(Reuters) – Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm’s executive chairman. Shares of the San Mateo, California-based company fell about 21% in extended trading. Woodside joined Freshworks as president in 2022, with a prior professional record including …
Freshworks names Dennis Woodside as CEO, shares tumble Read More »
By Anushree Ashish Mukherjee and Anjana Anil (Reuters) – Gold prices climbed over 1% on Wednesday as the dollar and U.S. Treasury yields tumbled lower after the Federal Reserve’s interest-rate decision and Chair Powell’s speech. Spot gold was up 1.7% at $2,323.38 per ounce as of 15:15 p.m. ET (1915 GMT), after hitting its lowest …
Gold climbs over 1% as dollar, yields fall after Fed’s interest-rate decision Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s competition watchdog is reviewing accusations that France’s Pernod Ricard colluded with retailers in New Delhi to boost market share, the latest headache for the spirits giant in a key market, legal papers seen by Reuters show. With brands such as Chivas Regal, Glenlivet and Absolut vodka, Pernod …
Indian antitrust regulator checks if Pernod colluded with New Delhi retailers Read More »
BENGALURU (Reuters) – Indian thermal power producer Adani Power’s fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country. The company reported consolidated profit before tax of 35.58 billion Indian rupees ($426.3 million) in the quarter, compared with 8.98 billion rupees a year earlier. …
Adani Power’s fourth-quarter profit jumps on strong demand Read More »
