By Kashish Tandon and VarunVyas Hebbalalu BENGALURU (Reuters) -Zee Entertainment Enterprises said on Wednesday that it was in talks with Sony Group’s India unit about extending a merger deadline to create a $10 billion media and entertainment powerhouse. The units of both companies have communicated the intention to be merged by entering into “good faith …
(Reuters) – Almost five million barrels of Russia’s Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday. U.S. sanctions on tankers carrying Russian crude in breach of a price cap imposed by the Group of Seven (G7) nations might be part of the cause, the …
Five million barrels of Russian Sokol oil stuck en route to India – Bloomberg News Read More »
By Arpan Chaturvedi, Aditi Shah and Aditya Kalra INDRI, India (Reuters) -Oak casks, once used to store bourbon and wine, are stacking up in a distillery near New Delhi, filled with ageing whisky as workers churn out almost 10,000 bottles a day of Indian single malt Indri, recently named the world’s best whisky. Sugarcane and …
India’s love of homegrown single malts shakes up Pernod, Diageo Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – India’s benchmark Nifty 50 posted its worst session in nine months on Wednesday as investors booked profits, while small and mid-cap stocks tumbled too. The blue-chip NSE Nifty 50 fell 1.41% to 21,150.15, its worst performance since mid-March, while the S&P BSE Sensex shed 1.30% to 70,506.31. Both indexes …
India’s Nifty posts worst session in nine months; small-, mid-caps tumble Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee inched up on Wednesday, supported by strength in some of its Asian peers, but gains on the local unit are likely to be limited on dollar buying interest from local oil companies and importers. The rupee was at 83.15 against the U.S. dollar as of 10:15 …
Rupee edges up but importer dollar demand likely to limit upside Read More »
By Bhakti Tambe and Jaspreet Kalra MUMBAI (Reuters) – Indian companies’ fundraising via dollar bonds hit a 14-year low in 2023, as elevated global yields discouraged borrowers who moved to securing foreign currency loans instead. Corporates have raised $4.1 bln via six dollar bond issues so far in 2023, according to data shared by LSEG …
Indian firms’ dollar bond issuance hits 14-yr low amid global yield pressures Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices firmed on Tuesday as the U.S. dollar and Treasury yields slipped while investors strapped in for a bunch of U.S. economic data due this week that could provide more clarity on the Federal Reserve’s interest rate path. Spot gold was up 0.6% at $2,038.59 per ounce by …
Gold gains as dollar, yields ease; traders eye US economic data Read More »
NEW DELHI (Reuters) – India is at an advanced stage of discussions with Argentina to acquire lithium blocks, the country’s top bureaucrat in the mining ministry said on Tuesday. India is also in preliminary discussions with Bolivia to acquire lithium assets, mines secretary V L Kantha Rao said at a press conference. (Reporting by Neha …
India in talks with Argentina, Bolivia to acquire lithium assets – secretary Read More »
NEW DELHI (Reuters) – India will auction nearly 100 more blocks of critical minerals before February 2024, the country’s minister for mines said on Tuesday. India launched the first part of its critical minerals auction worth an estimated 450 billion rupees ($5.41 billion) last month. ($1 = 83.1030 Indian rupees) (Reporting by Neha Arora, writing by …
India to auction nearly 100 more blocks of critical minerals before Feb 2024 – minister Read More »
BENGALURU (Reuters) -Pepsi India bottler Varun Beverages said on Tuesday it will buy South Africa-based The Beverage Company in a deal valued at 13.2 billion rupees ($158.71 million), enabling it an entry into Africa’s largest market. The Beverage Company bottles and distributes PepsiCo-branded non-alcoholic beverages in South Africa and has five manufacturing facilities in the …
India’s Varun Beverages to enter S. Africa with $159 million deal Read More »
