By Bharath Rajeswaran BENGALURU (Reuters) -India’s stock benchmarks bounced back from early losses, aided by a recovery in energy and financials, after booking profits at record high levels in the previous session even as the global market rally lost steam. The blue-chip NSE Nifty rose 0.50% to 21,255.05, while the S&P BSE Sensex advanced 0.51% …
Energy stocks aid rebound in Indian shares after lacklustre start Read More »
By Aby Jose Koilparambil and Rishika Sadam (Reuters) – India’s prominent hospital chains are shifting their focus to smaller centres and facilities as they chase growth in the booming healthcare market while coping with higher real estate costs and a dearth of land space in its cities. Though healthcare facilities are still in short supply …
India’s big hospital chains think small to expand in booming market Read More »
BENGALURU (Reuters) -India’s Piramal Enterprises said on Thursday that it would set aside funds to cover its exposure to alternate investment funds (AIF), days after the country’s central bank tightened rules governing such holdings. The Reserve Bank of India (RBI) on Tuesday barred all entities under its regulation, including banks and non-banking finance companies, from …
India’s Piramal to provision for AIF exposure as cenbank tightens rules Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian banking system is facing a widening liquidity deficit, reaching levels last seen in 2016, that may prompt the central bank to provide another round of short-term cash infusion. The Reserve Bank of India (RBI) pumped one trillion rupees ($12.01 billion) through a seven-day variable rate repo (VRR), marking …
Indian banks’ liquidity deficit at near 8-yr high, traders eye repo rollover Read More »
MUMBAI (Reuters) – India’s Bandhan Bank on Thursday said that it will sell its stressed home loan portfolio to an asset reconstruction company. The bank has approved the transfer of 7.76 billion rupees ($93.23 million) in home loans, which were overdue by more than 180 days to an asset reconstruction company (ARCs), it said in …
India’s Bandhan Bank sells stressed home loan portfolio Read More »
MUMBAI (Reuters) – A committee to suggest rules for direct equity listing at India’s international financial centre (IFSC) in GIFT city has recommended depositories in the IFSC and the rest of the county be connected to enable this. A connection between the depositories would enable the issue of new equity shares directly and allow transfer …
India committee recommends route to direct listing at GIFT city – document Read More »
By M. Sriram MUMBAI (Reuters) – Jefferies Financial Group expects investment banking fees in India to rise in the next couple of years as the number of deals grows, its country head said, bolstering the prospects for the U.S. bank in a country where its market share surged in 2023. Global investment banks are increasingly …
Jefferies sees rising investment banking fee prospects in India after bumper 2023 Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell on Thursday, weighed down by year-end dollar demand from importers and risk aversion spurred by a sharp halt in global equity rallies. The rupee was at 83.25 against the U.S. dollar as 10:50 a.m. IST, down 0.1% from its previous close of 83.17. Dollar demand …
Rupee weakens on year-end dollar demand from importers Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold prices were largely unchanged on Wednesday, while traders braced for a slew of economic data due later in the week that could offer fresh clues on the U.S. central bank’s monetary policy path. Spot gold fell 0.2% to $2,035.97 per ounce, as of 2:27 p.m. ET (1927 GMT). …
Gold little changed with focus squarely on US economic data Read More »
By Sumit Khanna AHMEDABAD (Reuters) – Companies across many sectors on Wednesday signed initial investment pacts totalling $18.75 billion for projects they will build in India’s western state of Gujarat, according to a government statement. As part of the deals, an arm of Welspun Enterprises will invest $5.11 billion, partly to build green hydrogen and …
India’s Gujarat signs investment pacts worth $18.75 billion with several firms Read More »
