By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes rose to record highs on Monday, led by metal companies after upbeat data from China, while a moderation in a key U.S. inflation reading also aided sentiment. The blue-chip NSE Nifty 50 index rose as much as 0.91% to a new record high of 22,529.95, while the …
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BENGALURU (Reuters) – Indian real estate developer Prestige Estates Projects has signed a 20.01 billion rupee (about $240 million) deal with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund to develop residential projects in the country. The deal is to develop residential projects in “prominent locations” across the Indian cities of Bengaluru, Mumbai, …
India’s Prestige Estates inks $240 million real estate deal with ADIA, Kotak AIF Read More »
NEW DELHI (Reuters) – India’s top refiner Indian Oil Corp entered a pact with Panasonic Energy to form a joint venture to manufacture lithium-ion cells in India, the refiner said in a statement on Sunday, to prepare for rising local demand. The agreement follows an initial understanding between the two companies on lithium-ion cells in …
Indian Oil, Panasonic Energy enter pact to make lithium cells Read More »
NEW DELHI (Reuters) – India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday. The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Sitharaman added, citing the impact of improved …
India’s GDP set to grow 8% or more in Jan-March quarter, finance minister says Read More »
BENGALURU (Reuters) – India’s Zee Entertainment on Friday said it has reduced the workforce at its Technology & Innovation Centre in Bengaluru by about half, following recommendations by a company-formed review panel to cut costs. The decision was made by the managing director and chief executive officer Punit Goenka, the company said. The committee, comprising …
India’s Zee cuts staff by about half at Bengaluru’s Technology & Innovation Centre Read More »
BENGALURU (Reuters) – India’s Afcons Infrastructure, a unit of the Shapoorji Pallonji conglomerate, has filed for an initial public offering worth up to 70 billion rupees ($840 million), draft papers filed with the market regulator showed on Friday. The IPO will consist of a fresh issue of shares worth up to 12.50 billion rupees and …
Shapoorji Pallonji-backed Afcons Infrastructure files for $840 million India IPO Read More »
BENGALURU (Reuters) – India’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22, data from the central bank showed on Friday. The reserves jumped by $139 million in the reporting week. Changes in foreign currency assets, expressed in dollar terms, include the effect …
BENGALURU (Reuters) – India’s Force Motors said on Friday it will close its agricultural tractors business and related activities from March 31. The closure of business is part of the company’s product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of …
India’s Force Motors to shut down its agricultural tractors business Read More »
MUMBAI (Reuters) – India has asked traders, major retailers and food processors to declare wheat stocks every Friday from April to prevent hoarding and price spikes, the government said on Friday. The world’s second-biggest wheat consumer after China has been trying to contain wheat prices after heat waves curtailed production for two straight years, forcing …
India mandates weekly reporting on wheat stocks to prevent hoarding Read More »
By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade deals with Britain and Oman in the first 100 days of the next government if he wins upcoming elections as opinion polls predict, two government sources said. Modi has asked Indian ministries to set annual …
