Reuters India Business

By Ashwin Manikandan and Vivek Kumar M MUMBAI (Reuters) -Indian stockbroker Groww has sold shares worth 29.85 billion rupees ($339.61 million) to anchor investors, including sovereign investors of Norway, Abu Dhabi and Singapore, as part of its $754 million IPO. Shares of Billionbrains Garage Ventures, Groww’s parent, were allotted at the top of the 95 rupees …

Sovereign funds of Norway, Abu Dhabi and Singapore back Groww’s $754 million India IPO Read More »

By Noel John and Pablo Sinha (Reuters) -Gold prices held steady on Monday, hovering around $4,000 per ounce, as investors hunkered down for U.S. private payroll data due this week to assess the chances of an additional U.S. Federal Reserve interest rate cut this year. Spot gold was little changed at $4,002.35 an ounce by …

Gold steady as focus shifts to US private payroll data Read More »

By Nikunj Ohri NEW DELHI (Reuters) -India’s financial crime agency has frozen 75 billion rupees ($853 million) worth of properties linked to companies of the Reliance Anil Ambani Group as part of a money-laundering probe, it said in a statement on Monday. The move relates to cases involving Reliance Communications Ltd and its affiliates over …

Indian financial crimes agency freezes Anil Ambani Group properties worth $853 million Read More »

(Reuters) -Indian jeweller and watchmaker Titan reported second-quarter profit above estimates on Monday, as a steep rise in gold prices lifted the firm’s bottom line. Titan, home to Tanishq and CaratLane jewellery brands, said profit rose 59% to 11.20 billion rupees ($127.4 million) in the quarter ended September 30. On average, analysts had estimated a …

India’s Titan beats quarterly profit forecast on high gold prices Read More »

By Komal Salecha (Reuters) -Westlife Foodworld, which operates fast-food chain McDonald’s in west and south India, said on Monday it would launch a 20-minute food delivery model through its app to boost same-store sales by 3%-5% in the next two years. The move is aimed at strengthening its delivery business and reducing reliance on “unpredictable” …

McDonald’s India operator to launch 20-minute delivery to boost sales Read More »