MUMBAI (Reuters) – India’s Adani Green Energy is looking to raise $409 million via U.S. dollar-denominated bonds with a door-to-door tenor of 18 years, the company said in a regulatory filing on Tuesday. Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making …
India’s Adani Green Energy to raise $409 million via dollar bonds Read More »
By Rishika Sadam and Leroy Leo HYDERABAD (Reuters) – Bristol Myers Squibb aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday. The $100-million facility, inaugurated by Boerner on Monday, is expected …
Bristol Myers CEO says India to have largest R&D presence outside US by 2025 Read More »
By Sai Ishwarbharath B MUMBAI (Reuters) – Global companies are setting up more offices in India and expanding in-house teams but that does not mean the end of the road for Indian IT firms, which rely heavily on outsourcing deals, executives said at a Nasscom event last week. Companies opened 118 global capability centers (GCCs) …
India’s ‘insourcing’ boom does not spell doom for outsourcing, tech execs say Read More »
By Ashitha Shivaprasad (Reuters) – Gold inched lower on Monday as the market focus shifted to U.S. inflation data due this week which could influence the timeline of Federal Reserve interest rate cuts. Spot gold edged 0.4% down to $2,028.40 ounce at 1:43 p.m. ET (1843 GMT). U.S. gold futures settled 0.5% lower at $2,038.90. …
Gold subdued as traders ready for US inflation data Read More »
NEW DELHI (Reuters) – India’s finance minister has asked the Reserve Bank of India to hold monthly meetings with fintech firms to address their regulatory concerns, the ministry said in a statement, following a crisis at Paytm Payments Bank triggered by a central bank order. Finance Minister Nirmala Sitharaman met representatives from the fintech industry …
Indian finance minister asks cenbank, fintechs to hold monthly meetings in wake of Paytm Read More »
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – India’s central bank is easing restrictions on banks’ arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter said. The Reserve Bank of India (RBI) has allowed banks, that have made requests, to resume such …
BENGALURU (Reuters) -Embattled digital payments firm Paytm said on Monday CEO Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank unit, as part of a major board overhaul that follows a central bank clampdown. The Reserve Bank of India (RBI) had asked Paytm Payments Bank to wind down …
Paytm’s Vijay Shekhar Sharma quits payments bank board in major shakeup Read More »
By Leroy Leo HYDERABAD (Reuters) -U.S. hospital chain Providence Health will more than double its India headcount to 3,500 people next year as it ties up with more hospital operators to provide services such as bolstering cybersecurity and helping doctors manage their paperwork. The tie-ups will help generate a new revenue stream for the not-for-profit …
Providence Health beefing up India workforce to serve more clients Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were subdued on Monday, weighed by IT stocks and a drop in Asian Paints on concerns over increasing competition and as investors likely booked profits after a record-breaking run last week. As of 10:19 a.m. IST, the blue-chip index NSE Nifty 50 was down 0.36% to 22,133.20, after …
Indian shares ease on IT drop, profit-booking after record-breaking week Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose slightly on Monday on dollar inflows, although month-end demand for the greenback from importers, including local oil companies, was likely to limit gains, traders said. The rupee was at 82.9025 against the U.S. dollar as of 10:20 a.m. IST, up 0.04% from its close at …
Rupee edges higher but oil companies’ dollar demand likely to cap gains Read More »
