BENGALURU (Reuters) -Indian health insurer Niva Bupa has filed for an initial public offering (IPO) to raise up to 30 billion rupees (nearly $360 million), draft papers showed on Monday. The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to eight billion rupees as part of …
Indian health insurer Niva Bupa files for $360 million IPO Read More »
By Leika Kihara TOKYO (Reuters) -Asia’s factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering policymakers some hope the region can weather the hit from soft Chinese demand. But cost pressures weighed on manufacturers in countries like Japan, where the weak …
Asia’s factory activity expands in June on solid global demand Read More »
By Hritam Mukherjee BENGALURU (Reuters) -Indian shares inched higher on Monday, helped by gains in autos ahead of monthly sales data for June and information technology stocks on renewed hopes of an interest rate cut in the U.S. in September. The NSE Nifty 50 rose 0.21% to 24,061.45 points, while the S&P BSE Sensex added …
Indian shares inch higher as autos, IT stocks gain Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was weaker on Monday as a jump in U.S. bond yields put pressure on most Asian currencies. The rupee was at 83.46 against the U.S. dollar as of 10:15 a.m. IST, compared to its close at 83.3825 in the previous session. The offshore Chinese yuan slipped …
Rupee declines as uptick in US bond yields squeezes most Asian peers Read More »
By Neha Arora NEW DELHI (Reuters) -India’s steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers. India turned net steel importer in the fiscal year that ended in March …
India steel, trade ministries in talks over rising Chinese imports, says source Read More »
By Nandan Mandayam (Reuters) -India’s Ola Electric is working to build solid-state batteries and expects its vehicles to be powered by its own cells next year, the founder and chairman of the SoftBank Group-backed electric scooter maker said on Saturday. “We are in very early stages of our experimentation on solid state batteries,” said chairman …
India’s Ola Electric working to build solid-state batteries, chairman says Read More »
NEW DELHI (Reuters) – An Indian government panel, tasked with recommending candidates for top positions of state-run banks and institutions, has picked Challa Sreenivasulu Setty as State Bank of India’s next chairman. The incumbent chairman of SBI, India’s largest bank by assets, Dinesh Khara, is set to retire from the post on August 28. The …
India govt panel picks CS Setty as next SBI chairman Read More »
By David Lawder (Reuters) – The United States and India have extended a standstill agreement on U.S. retaliation over India’s digital-services tax until Sunday, aligning it with a fast-approaching deadline for a global deal to reallocate taxing rights on the world’s biggest and most profitable companies, the U.S. Treasury said on Friday. In a brief …
US, India extend digital tax truce to Sunday as deadline approaches Read More »
By Rahul Paswan (Reuters) – Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key U.S. inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September. Spot gold was steady at $2,326.47 per ounce, as of 1833 GMT. …
Gold shines on rate-cut hopes after inflation data, on track for quarterly gains Read More »
By Praveen Paramasivam BENGALURU (Reuters) – Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses. Temperatures in the Indian capital Delhi and the western state of Rajasthan soared to almost 50 …
Indians battle intense heat with ‘mad rush’ for air conditioners, beer Read More »
