(This Feb. 20 story has been corrected to fix the committed investments from 1,300 MW to 13,000 MW in paragraph 7. It also corrects the capacity from 2,000 MW to 20,000 MW in paragraph 15) By Sarita Chaganti Singh NEW DELHI (Reuters) – India will invite private firms to invest about $26 billion in its …
India seeks $26 billion of private nuclear power investments, sources say Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is poised to advance at open on Wednesday helped by the dollar selling in the offshore non-deliverable forwards. Non-deliverable forwards indicate rupee will open at 82.88-82.90 to the U.S. dollar compared with 82.9625 in the previous session. The one-month USD/INR NDF made a low of 82.92 …
Rupee to rise on offshore dollar selling interest Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices climbed to their highest level in more than a week on Tuesday as the dollar retreated, while the spotlight shifted to the release of the U.S. Federal Reserve’s latest monetary policy meeting minutes for cues on further interest rate cuts. Spot gold was up 0.5% at $2,027.19 …
Gold hits over one-week high as dollar eases, Fed minutes on radar Read More »
BENGALURU (Reuters) – Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter. While talks are still ongoing, complexities surrounding Dunzo’s ownership structure have impeded the two parties from coming to an understanding over a deal, the report …
India’s Flipkart looking to buy Reliance-backed Dunzo, TechCrunch reports Read More »
MUMBAI (Reuters) – India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen on the back of …
India’s AI market seen touching $17 billion by 2027, notes Nasscom-BCG report Read More »
(Reuters) -Whirlpool said on Tuesday it has executed a sale of 24% of its stake in its India unit for about $468 million. Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75% to 51%. SBI Mutual Fund, Societe Generale and Nippon India Mutual Fund were among the …
Whirlpool sells 24% stake in India unit for $468 million Read More »
By Manoj Kumar NEW DELHI (Reuters) – India will oppose U.S. and European efforts to extend a global ban on cross-border e-commerce duties at the World Trade Organization meeting next week, two government officials said on Tuesday, fearing a continued huge loss of revenue. New Delhi, South Africa and Indonesia want to allow developing nations …
India to oppose extended e-commerce tariff ban at WTO meet – sources Read More »
BENGALURU (Reuters) -India’s Zee Entertainment is making a final attempt to restart discussions with Japan’s Sony Group to revive their $10 billion merger deal that was scrapped on Jan. 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter. Representatives from both parties have been working to salvage the deal, …
India’s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares recovered from a weak start to finish higher for a sixth session in a row on Tuesday, led by financials, with the benchmark Nifty 50 hitting a record high for the second session in a row. The NSE Nifty 50 index rose 0.42% to a record high of …
Financials lift India’s Nifty to second straight record high in six-day winning streak Read More »
By Neha Arora NEW DELHI (Reuters) – India’s JSW Steel Ltd is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India’s largest steel producer by capacity, is conducting due diligence and expects to get a coking …
India’s JSW Steel in talks with Australia’s Whitehaven for coal mine stake Read More »
