By Bhakti Tambe and Sarita Chaganti Singh MUMBAI/NEW DELHI (Reuters) – India’s REC has hired bankers to raise up to $500 million through its debut issuance of yen-denominated green bonds by Jan. 15, the company’s director of finance told Reuters on Thursday. The state-owned infrastructure financier will issue five-year and 10-year bonds to raise $300 …
By Sherin Elizabeth Varghese and Deep Kaushik Vakil (Reuters) – Gold retreated on Wednesday, on course for its largest percentage decline in over three weeks, after minutes from the U.S. Federal Reserve’s latest policy meeting flagged uncertainty about the timing of potential interest-rate cuts. Spot gold fell 1%, to a nearly two-week low of $2,037.61 …
Gold slips after US Fed minutes signal uncertain start to rate cuts Read More »
By Sumit Khanna AHMEDABAD, India (Reuters) -India’s Gujarat state on Wednesday said it has signed initial investment agreements worth $86 billion with 58 companies including steelmaker ArcelorMittal’s joint venture and others operating in sectors such as energy, oil and gas, and chemicals. Gujarat, the home state of Prime Minister Narendra Modi, has been signing these …
(Reuters) – Indian IT major Wipro will go into arbitration with its former CFO Jatin Dalal after he joined rival Cognizant, according to a civil court order on Wednesday in the southern Indian city of Bengaluru. Wipro in November alleged Dalal’s appointment as Cognizant’s CFO violated a non-compete clause, which lists 10 of Wipro’s competitors …
Wipro, ex CFO Dalal referred to arbitration over alleged non-compete clause breach Read More »
NEW DELHI (Reuters) – India will launch a communications satellite using SpaceX’s Falcon-9 rocket this year, its first partnership with a venture led by billionaire Elon Musk who also wants to expand his other businesses in the country. The high-capacity satellite aims to boost India’s broadband communication, especially in remote and unconnected regions of the …
India to use SpaceX rocket to launch communications satellite Read More »
By Manoj Kumar NEW DELHI (Reuters) – Office space leasing transactions in India’s top eight cities including Bengaluru and Mumbai, driven by high demand from global and local companies, rose 15% year-on-year in 2023, the highest since 2019, an industry report said on Wednesday. Office space transactions, an indicator of corporate sentiment, touched 59.6 million …
Indian office space transactions at 4-year high as corporate sentiment rises -report Read More »
By Arpan Chaturvedi and Jayshree P Upadhyay NEW DELHI (Reuters) -India’s Supreme Court on Wednesday said the Adani Group does not need to face more investigations beyond the current scrutiny of the market regulator, a major relief for the conglomerate hit hard by a U.S. short-seller’s allegations of wrongdoing. The Securities and Exchange Board of …
India’s Adani wins court relief on scrutiny after Hindenburg attack Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India’s Oil Secretary said on Wednesday. Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with …
India’s Petronet to sign deal to extend Qatar LNG imports beyond 2028 Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee’s muted volatility is prompting banks and corporate treasuries to dabble more in the euro/dollar, pound/dollar and the dollar/yen currency pairs in search for returns. The dollar/rupee has been held in a narrow range over several months, largely thanks to the Reserve Bank of …
Indian rupee’s plunging volatility spurs surge in trading on major crosses Read More »
By Nidhi Verma NEW DELHI (Reuters) -Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase of Venezuelan oil following the easing of …
India’s ONGC Videsh to get some oil from Venezuela in lieu of $600 million dividend Read More »
