By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee edged up on Tuesday supported by dollar inflows, even as most Asian currencies weakened on the back of elevated U.S. bond yields. The rupee was at 82.9850 against the U.S. dollar as of 10:20 a.m. IST, marginally stronger compared with its previous close at 83.0150. The …
Rupee inches up on dollar inflows bucking weakness in Asian peers Read More »
NEW DELHI (Reuters) – India’s finance ministry will hold meetings with the country’s fintech startups next week to urge them to comply with regulations and hear their concerns, a source familiar with the matter told Reuters on Tuesday. The meetings come in the wake of the Paytm Payments Bank crisis triggered by the Reserve Bank of India …
India finance ministry to meet fintech startups next week, source says Read More »
BENGALURU (Reuters) – India’s Motilal Oswal Financial Services said on Monday its operations were unaffected following a cyber incident last week. The company said it had detected malicious activity on the computers of some employees and remedied the issue within an hour. The financial services company did not provide details of the attack. “This incident …
India’s Motilal Oswal says operations unaffected by cyber incident Read More »
By M. Sriram MUMBAI (Reuters) -Appliance maker Whirlpool is selling a 24% stake in its Indian unit this week for up to $451 million via block deals, according to a term sheet seen by Reuters, amid record share offerings on the country’s stock market. Whirlpool plans to sell the stake at a price of 1230 …
Exclusive-Whirlpool set to sell 24% stake in Indian unit for up to $451 million Read More »
BENGALURU (Reuters) – India’s Kotak Mahindra Bank on Monday named KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director, effective March 1. Both Manian and Ekambaram have been with Kotak for more than two decades and were last serving as whole-time directors. Manian will oversee wholesale bank, commercial bank, private banking, …
India’s Kotak Mahindra Bank names new senior executives Read More »
By Hritam Mukherjee BENGALURU (Reuters) – State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February, Chairman and Managing Director P M Prasad told analysts in a post-earnings conference call on Monday. India launched the first part of its critical minerals auction – expected to …
Coal India to bid for 3 mines in critical minerals auctions in Feb Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares extended gains for the fifth straight session on Monday, with the blue-chip Nifty 50 index hitting a record high, led by financials and energy stocks. The jump marks the sixth instance of the Nifty 50 rising to a new all-time high in 2024. The NSE Nifty 50 index …
Indian shares extend gains for fifth session; Nifty 50 scales new peak Read More »
By Nikunj Ohri and Nandan Mandayam NEW DELHI/BENGALURU (Reuters) -An investigation into possible foreign exchange violations at Patym Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday. Last week, India’s Enforcement Directorate announced the investigation into overseas transactions by …
BENGALURU (Reuters) -Tata Group-owned carrier Air India and plane parts-maker Tata Advanced Systems will invest 23 billion rupees ($277.2 million) in the Indian state of Karnataka, the state government said on Monday. Air India will conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport, while Tata Advanced Systems will set up manufacturing and …
Air India, Tata Advanced Systems to invest $277 million in Karnataka Read More »
BENGALURU (Reuters) -India’s Adani Group is in advanced talks with West Asia-based sovereign funds to raise up to $2.6 billion for its airport expansion and green hydrogen projects, the Business Standard daily reported late on Sunday. The Adani Group’s flagship firm Adani Enterprises may reduce its stake in either the airport-holding firm or the green …
