By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes, Nifty and Sensex inched towards fresh all-time highs on Friday, led by gains in IT services firms after their results and commentary exceeded expectations, alleviating concerns about weak demand. The NSE Nifty 50 added 0.75% to 21,810.05 points, while the S&P BSE Sensex climbed 0.79% to 72,290.11, …
IT surge powers India’s Nifty, Sensex towards new highs Read More »
(Reuters) – BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian education tech startup to $1 billion from $22 billion mark set in early 2022, TechCrunch reported on Friday, citing disclosures made by the asset manager. BlackRock, which owns less than 1% of Byju’s, declined …
BlackRock slashes India’s Byju’s valuation by 95% to $1 billion – TechCrunch Read More »
By Anushree Ashish Mukherjee (Reuters) -Gold eased on Thursday to a one-month low as the dollar ticked higher after hotter-than-expected inflation data, while hawkish remarks from Federal Reserve officials fuelled worries that higher interest rates could stay unchanged beyond March. Spot gold was down 0.1% at $2,024.99 per ounce, as of 2:30 p.m. ET (1930 …
Gold slides on brewing concerns of US rate cuts still far off Read More »
BENGALURU (Reuters) – India’s capital market regulator on Thursday proposed changes in rules for fundraising and disclosure requirements for listed companies, according to a discussion paper on the regulator’s website. A discussion paper is the first step before potential policy changes by the Securities and Exchange Board of India (SEBI) for listed entities, funds, and …
India’s market regulator proposes changes to ease fundraising rules Read More »
By Aditya Kalra GANDHINAGAR, India (Reuters) – Indian data centre operator Yotta’s plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 billion as Yotta beefs up AI cloud services, its chief executive told Reuters. Yotta said last month that it …
Exclusive-India data centre firm Yotta’s Nvidia AI chip orders to reach $1 billion -CEO Read More »
(This Jan. 10 story has been officially corrected to remove reference to QQQ after Knight said he was speaking in general terms, not specifically referring to QQQ, in paragraph 12) By Dhwani Pandya GANDHINAGAR, India (Reuters) – U.S. stock exchange Nasdaq has held talks with Indian authorities on potentially allowing local Indian companies to list …
NASDAQ talks to India about overseas listings for local companies Read More »
By Haripriya Suresh BENGALURU (Reuters) -India’s Infosys tightened its full-year revenue forecast on Thursday after reporting its first year-on-year drop in quarterly profit in over four years and missing expectations on sluggish demand from clients. The $245-billion information technology (IT) sector, which had gained immensely from a pandemic-induced digital services boom, has been struggling in …
India’s Infosys Q3 profit misses view, tightens FY rev forecast on weak demand Read More »
By Sai Ishwarbharath B BENGALURU (Reuters) -Tata Consultancy Services said it was hard to predict a recovery in demand for IT services in the next two quarters as persistent inflation and recession fears pressure client spending in the company’s key markets – the U.S. and Europe. The comments come after the industry leader reported its …
India’s TCS CEO flags uncertain demand as inflation crimps spending Read More »
By Siddhi Nayak MUMBAI (Reuters) – Cryptocurrencies can pose significant risks to emerging markets, the Reserve Bank of India (RBI) chief said on Thursday, cautioning that the central bank’s stand on the issue remains unchanged despite wider acceptance in other countries. “Our position, my position and the RBI’s position on this (cryptocurrencies) remains unchanged irrespective …
Cryptocurrencies pose risks to EMs, India’s stand remains unchanged – cenbank chief Read More »
BENGALURU (Reuters) – Polycab India plunged 23% to a six-month low on Thursday after a tax department search at the wire and cable maker found unaccounted sales worth 10 billion rupees ($120.46 million). If losses hold, the stock is set for its worst day since March 2020, when coronavirus fears had gripped markets. India’s income …
