BENGALURU (Reuters) – GoodEnough Energy said on Tuesday it will start operations at India’s first battery energy storage gigafactory in the northern region of Jammu and Kashmir by October. The facility will help industry in cutting more than 5 million tons of carbon emissions in a year, GoodEnough said in a statement. India has set …
India’s first battery storage gigafactory to start operating by October Read More »
MUMBAI (Reuters) – Mauritius-based foreign portfolio investor India Vehicle Finance has raised $300 million to invest into securitisation issued by Shriram Finance, in a ‘first of its kind bond deal’ by an Indian issuer, according to a term sheet seen by Reuters. The bonds, which come under the “social bonds” category and were issued to …
India Vehicle Finance raises $300 million via social bonds Read More »
By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares fell on Tuesday as TCS led a sharp decline in information technology stocks ahead of the U.S. Federal Reserve’s interest rate decision and commentary that could impact the extent of foreign fund inflows. The blue-chip NSE Nifty 50 index lost 1.08% to 21,817.45, while the …
Indian blue-chip shares slip to 5-week low ahead of US rate decision; IT leads losses Read More »
By Siddhi Nayak MUMBAI (Reuters) – One of the two bidders for bankrupt Indian airline Go First has raised its offer following a nudge from lenders, two banking sources and a person aware of the development said on Tuesday. The consortium, which includes budget carrier SpiceJet’s managing director Ajay Singh and Busy Bee Airways, increased …
Indian airline Go First’s bidder ups bid following banks’ nudge, say sources Read More »
BENGALURU (Reuters) – Shares of Tata Consultancy Services dropped over 3% on Tuesday, as its top shareholder proposed a share sale worth up to 93.62 billion rupees ($1.13 billion) in the Indian IT services company at a discounted rate. The potential share sale by Tata Sons, the holding company of Tata Group, would be at …
India’s TCS drops on top shareholder Tata Sons’ share sale plan Read More »
BENGALURU (Reuters) – Indian automaker Ashok Leyland has partnered with Minus Zero to develop self-driving trucks, the autonomous driving technology startup said on Tuesday. The self-driving trucks will initially be developed for ports, factories and corporate campuses, the Bengaluru-based Minus Zero said in a statement. The company did not give a timeline for the execution …
India’s Ashok Leyland partners with Minus Zero to develop self-driving trucks Read More »
By Anjana Anil (Reuters) – Gold prices firmed after dipping to one-week lows on Monday as investors awaited a series of central bank meetings this week, including the U.S. Federal Reserve’s policy decision on Wednesday, to pick up on clues on inflation and interest rates. Spot gold was up 0.2% at $2,159.69 per ounce at …
Gold regains ground as investors strap in for Fed policy meet Read More »
BENGALURU (Reuters) -India’s Tata Steel said on Monday it has decided to cease operations of coke ovens at the Port Talbot plant, in Wales, following a “deterioration of operational stability”. Coke ovens are manufacturing plants or blast furnaces for making coking coal, a key raw material in steelmaking. “Tata Steel UK will increase imports of coke to …
India’s Tata Steel to stop operations of coke ovens at Port Talbot plant Read More »
By M. Sriram and Manvi Pant MUMBAI/BENGALURU (Reuters) – India’s Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Tuesday, a term sheet showed. Tata Sons plans to offload 23.4 million shares in the country’s top IT services …
India’s Tata Sons to sell TCS shares worth up to $1.13 billion, term sheet shows Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian blue-chip shares rebounded from a weak start on Monday, lifted by metal companies on strong China data and block deals in Tata Steel, while small- and mid-cap stocks extended losses on valuation concerns. The blue-chip NSE Nifty 50 index advanced 0.15% to 22,055.70, while the BSE Sensex added …
Metals lead rise in India’s blue-chips; Adani stocks, small-, mid-caps fall Read More »
