BENGALURU (Reuters) -Waaree Energies, India’s top solar panel maker, filed for an initial public offering on Friday, aiming to raise $361 million to cash in on a stock market at record highs and the country’s aim for more renewable energy amid surging demand for power. Waaree adds to the record number of Indian companies — …
Indian solar panel maker Waaree Energies to raise $361 million in IPO Read More »
NEW DELHI (Reuters) – India’s state fuel retailers have raised purchase prices for ethanol made from C-heavy molasses by 6.87 rupees per litre, the oil ministry said on Friday on social media platform X. The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending …
Indian state fuel retailers hike ethanol procurement prices Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was little changed on Friday, and is on course for its smallest annual percentage change in 20 years, on the back of sustained foreign exchange interventions from the Reserve Bank of India. The rupee was at 83.1550 against the U.S. dollar as of 10:30 a.m. IST, …
Rupee flat, set for smallest annual change in 20 amid cenbank’s hands-on approach Read More »
By Anjana Anil (Reuters) – Gold prices eased on Thursday, after hitting a more than three-week high earlier, as an uptick in the U.S. dollar and Treasury yields undermined the support from expectations of rate cuts by the Federal Reserve early next year. Spot gold lost 0.4% to $2,069.79 per ounce by 2:20 p.m. ET …
Gold eases after hitting 3-week high as dollar, US yields rise Read More »
By Dhwani Pandya MUMBAI (Reuters) – Reliance Industries Chairman Mukesh Ambani wants the group to pioneer artificial intelligence solutions for India’s urgent priorities including healthcare, education, agriculture and employment, the billionaire said on Thursday. The 66-year-old said as Reliance reinvents itself to become a new age technology company it needs “to be at [the] forefront …
Ambani wants Reliance to emerge as pioneer AI developer for India Read More »
(Reuters) – India is looking to bring in potential investors from foreign countries, including Germany, Britain and South Korea under its new electric vehicle (EV) policy, an Indian government trade official told reporters on Thursday. “Talks are underway and we aim to bring all countries on board,” the official said, without giving a timeline on …
By Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes hit fresh all-time highs on Thursday as strong domestic data lifted heavyweight financial stocks amid a global rally. The Nifty 50 index rose 0.57% to 21,778.70 points, while the S&P BSE Sensex advanced 0.52% to 72,410.38 points. The 50-member Nifty index has now hit a record high …
Financials drive Indian benchmarks to new record highs Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee strengthened on Thursday while far forward premiums rose to their highest in more than two months on rising expectations of the U.S. Federal Reserve easing monetary policy cycle. The rupee closed at 83.1650 to the U.S. dollar, up from 83.3450 in the previous session. The currency …
Rupee ends higher, forward premiums climb to over 2-month high Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian state-run banks are likely to resume buying government debt next year, after two months of sales, to cash in on attractive prices, especially before they start rising due to firming expectations of rate cuts, traders told Reuters. These banks, typically the biggest buyers of government debt, have sold …
Indian state banks to snap two-month streak of selling govt debt -traders Read More »
BENGALURU (Reuters) -India’s FirstCry parent on Thursday filed for an initial public offering to raise 18.16 billion rupees ($218 million), making it the first pure-play baby products and childcare retailer to go public in the country. FirstCry’s parent Brainbees Solutions will sell fresh shares in the IPO and so will other investors, including its biggest …
Indian retailer FirstCry’s parent to raise $218 million in IPO Read More »
