By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares struggled for direction on Monday, paring gains after the benchmark Nifty 50 hit a record high at the open, weighed by a drop in metals on valuation concerns. The blue-chip index NSE Nifty 50 rose as much as 0.28% to a new record high of 22,440.90, before reversing …
MUMBAI (Reuters) – India’s Adani Green Energy is planning to raise funds through U.S. dollar-denominated 18-year bonds, and has provided initial guidance of raising $409 million for a coupon of around 7.1250%, two bankers said on Monday. This will be the Adani group’s first dollar-denominated bond issue after a report by U.S. short-seller Hindenburg Research …
India’s Adani Green Energy gives initial guidance for 18-yr dollar bonds, bankers say Read More »
NEW DELHI (Reuters) – Indian farmers plan to march to the capital New Delhi on Wednesday as they push their demands for higher crop prices, a protest leader said, after several rounds of failed talks. Farm union leaders are seeking guarantees of state support or a minimum purchase price for farmers’ produce. “On March 6, …
Indian farmers plan march on Delhi in call for higher crop prices Read More »
By Hritam Mukherjee and Dhwani Pandya (Reuters) – Indian edtech startup Byju’s is unable to pay staff because it can’t access recently raised funds due to a legal dispute with some of its investors, founder and CEO Byju Raveendran said in an email to employees on Saturday seen by Reuters. “I regret to inform you …
India’s Byju’s can’t access rights issue funds to pay staff Read More »
By Aditya Kalra NEW DELHI (Reuters) – Google’s decision to remove some apps in India from its app store “cannot be permitted”, Information Technology Minister Ashwini Vaishnaw said on Saturday, amid an ongoing dispute over service fee payments to the U.S. firm. Google on Friday removed from its Play Store many Indian apps, including Matrimony.com’s …
Google’s removal of apps from Play Store in India ‘cannot be permitted’ – minister Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares ended higher in a special session conducted on Saturday for stock exchanges to test a failsafe system for equity trading, with blue-chips indexes logging new record highs on the back of gains in metal stocks. Indian equities traded in two special sessions from 9:15 a.m. IST to …
Indian shares hit new highs in special Saturday session Read More »
By Emma Farge and Rachna Uppal ABU DHABI (Reuters) -World Trade Organization (WTO) negotiators failed to break a deadlock on major reforms on Friday despite talks extending deep into overtime in Abu Dhabi, in what some delegates said was a triumph of national interest over collective responsibility. Talks ended early on Saturday after five days …
WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting Read More »
BENGALURU (Reuters) -India’s Financial Intelligence Unit (FIU) on Friday imposed a penalty of 54.9 million rupees ($662,565) on Paytm’s banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country’s finance ministry said. The FIU initiated a review of Paytm Payments Bank after information from law enforcement agencies about …
India’s Financial Intelligence Unit fines Paytm Payments Bank Read More »
By Ashitha Shivaprasad (Reuters) – Gold started March on a positive note, with prices rising to a four-week high on Friday after muted economic data hardened expectations of a U.S. interest rate cut by June. Spot gold rose 1.1% to $2,064.69 per ounce by 10:41 a.m. EST (1541 GMT), its highest since Feb. 1 and …
Gold advances to 4-week peak as US rate cuts expected soon Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Google began removing the apps of 10 companies in India on Friday, including some popular matrimony apps such as Bharat Matrimony and job search app Naukri, in a dispute over service fee payments in one of the company’s fastest-growing markets. Indian startups have for years been …
Google removes Indian matrimonial, job search apps as fees row escalates Read More »
