By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Microsoft chief executive Satya Nadella is set to travel to India in December, his second visit to the South Asian country this year where he plans to hold meetings with top government officials, two sources with direct knowledge said. Nadella will address two AI-related conferences in …
Microsoft CEO Satya Nadella to visit India in December, sources say Read More »
(Reuters) -U.S.-based private equity investor Advent International’s affiliate Jomei Investments has exited its entire 2% equity stake in India’s Aditya Birla Capital, exchange data showed on Tuesday. Jomei sold 53.2 million shares in the Indian financial services firm for 308 rupees per share, valuing the sale at 16.39 billion rupees ($186.47 million), according to Reuters …
Advent International’s arm exits India’s Aditya Birla Capital, exchange data shows Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Silver premiums in India have fallen sharply as demand eased following the last two weeks’ festive rush, prompting potential buyers to delay purchases, bullion dealers told Reuters. Earlier this month, premiums in the world’s largest consumer of silver climbed as high as 10% over official domestic prices amid strong demand, …
India’s silver demand eases, premiums fall after festive surge Read More »
By Abhijith Ganapavaram NEW DELHI (Reuters) -Air India’s CEO vowed on Wednesday to improve internal practices after a plane crash in June killed 260 people, in his first public comments about the accident that he said would contribute to a “challenging” year for the airline. The Tata Group-owned carrier has been facing intense scrutiny ever …
Air India CEO vows improvements in first public comments after deadly crash Read More »
By Sarita Chaganti Singh, Sethuraman N R and Nikunj Ohri NEW DELHI (Reuters) -India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies. To receive the bailout funds, the states will be required to privatise their electric utilities and transfer managerial control or keep control but list them …
Exclusive-India considering $12 billion plan to bail out state power distributors Read More »
(Reuters) -British International Investment (BII), the UK’s development finance institution, said on Wednesday it would invest $75 million to aid the India expansion plans of Blueleaf Energy, a Macquarie Asset Management-owned renewable energy platform. The funding is intended to accelerate clean energy deployment in markets across Asia. The investment will be made in Blueleaf’s utility-scale …
UK development finance body to invest $75 million for Blueleaf Energy’s India plans Read More »
(Reuters) -Coal India, which accounts for about three-quarters of the country’s coal output, reported a larger-that-expected 30% decline in quarterly profit on Wednesday, hurt by lower e-auction premiums and weak volumes from tepid demand. The state-run miner’s consolidated net profit fell to 43.54 billion rupees ($495.36 million) in the second-quarter ended September 30. Analysts, on …
Coal India’s second-quarter profit misses view on tepid demand, lower e-auction premiums Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks advanced on Wednesday, as investors picked up stocks in anticipation of a U.S. rate cut later in the day, while a possible U.S.-China trade deal also boosted sentiment. Lower U.S. rates typically make emerging markets like India more attractive to foreign investors. The Nifty …
Indian shares advance as hopes of Fed rate cut, US-China trade truce keep up sentiment Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed modestly higher on Wednesday as likely central bank intervention supported the currency in face of month-end dollar bids, while traders turned their focus to the upcoming U.S. Federal Reserve policy decision. The rupee had declined to 88.3450 early in the session, but traders said that the …
Rupee nudges up, forward premiums slip heading into Fed policy decision Read More »
(Reuters) -Imagine Marketing, the parent of Indian wearables brand boAt, has filed updated documents with the market regulator for a 15-billion-rupee ($170.7 million) initial public offering, months after securing approval for the listing. The company had filed confidentially for an IPO in April, following which it received the regulatory approval in late August. The confidential …
Boat’s parent files updated IPO document, cuts fresh issue size Read More »
