(Reuters) -Indian fintech firm Pine Labs has set a price band of 210 to 221 rupees per share for its reduced IPO that is set to open later this week, seeking a valuation of up to 254 billion rupees ($2.86 billion), a public filing showed on Monday. At the upper end of the price range, …
Indian fintech firm Pine Labs eyes $2.9 billion valuation in reduced IPO Read More »
NEW DELHI/MUMBAI (Reuters) -India collected 1.96 trillion rupees ($22.3 billion) in gross goods and services taxes in October, about 5% more than the same month last year, the government said a statement on Saturday. After refunds, the government’s net tax collections were 1.69 trillion rupees, or 0.6% more than in October 2024, it said. India …
India collects 1.96 trln rupees in goods and services tax in October Read More »
(Reuters) -Indian fintech firm Pine Labs has cut the size of its initial public offering, trimming by 44% the portion offered by existing investors and by 20% the new shares issued to raise funds, an updated prospectus showed. The IPO, scheduled for November 7 to November 11, joins a wave of listings in a busy …
Indian fintech firm Pine Labs pares IPO set to launch on November 7 Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices settled slightly higher after a wild trading session on Friday, popping up as media reports said U.S. air strikes on Venezuela could begin within hours and then retreating after U.S. President Donald Trump issued a denial on social media. Brent crude futures settled at $65.07 a barrel, up 7 cents, …
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela Read More »
By Jayshree P Upadhyay and Rajendra Jadhav (Reuters) -India’s markets regulator is likely to penalise Multi Commodity Exchange for a four-hour outage on Tuesday that was caused by a trading spike, two sources with direct knowledge of the matter told Reuters on Friday. The disruption was a result of a “capacity breach”, with the exchange …
India regulator likely to penalise MCX for four-hour trading halt, sources say Read More »
By Noel John (Reuters) -Gold prices fell by 1% on Friday, weighed down by uncertainty over another U.S. Federal Reserve interest rate cut this year, but the metal remained poised for a third straight monthly gain. Spot gold fell 0.6% to $4,001.74 per ounce at 1:49 p.m. ET (1749 GMT) and was on track for …
Gold slips 1% on rate cut uncertainty, set for third monthly rise Read More »
(Reuters) -Hindustan Unilever said on Friday it has received a tax demand order of $226 million for the financial year 2020-21 from the country’s tax authority. The Indian arm of UK-based Unilever said the tax authority had disputed the valuation of certain related-party transactions and raised questions over some of its depreciation claims for tax …
Unilever’s India arm gets $226 million tax notice Read More »
(Reuters) -India’s R R Kabel reported a much higher second-quarter profit on Friday, boosted by strong demand for its mainstay wires and cables. Consolidated profit for the quarter ended September more than doubled year-on-year to 1.16 billion rupees ($13.20 million), while revenues rose 20% over the same period. Wires and cables revenue, which formed 91% …
India’s R R Kabel profit surges on strong demand for wires, cables Read More »
(Reuters) -Mahindra Holidays and Resorts India reported a 30% rise in second-quarter profit on Friday, benefitting from steady travel demand for its family holidays in India and Europe. The company, known for its premier resorts brand ‘Club Mahindra’, reported a consolidated net profit of 178.5 million rupees ($2.03 million) for the quarter ended September 30, …
India’s Mahindra Holidays profit rises on steady travel demand Read More »
By Kashish Tandon and Meenakshi Maidas (Reuters) -Maruti Suzuki, India’s top carmaker, expects small car sales to grow faster than SUVs, driven by recent tax cuts aimed at reviving sluggish domestic demand, its chairman said on Friday, after the firm missed quarterly profit estimates. India simplified its goods and services tax (GST) structure on September …
Maruti Suzuki expects small car sales to outpace SUVs on India tax cut boost Read More »
