By Hadeel Al Sayegh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) – Hospital chain Aster DM Healthcare has agreed to sell a majority stake in its Gulf business to an investor group based in the region for $1 billion as part of a plan to separate the unit from its Indian entity. The offloading of a 65% …
Hospital chain Aster DM to sell majority stake in Gulf business for $1 billion Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – New season basmati rice prices in India have surged this year due to robust demand from the world’s top buyers in the Middle East and Europe, forcing bulk buyers in wholesale grain markets to pay 10% to 15% more than last year. Last month’s decision to cut a …
Brisk export orders stoke new season basmati rice prices in India Read More »
(Reuters) – Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, on Tuesday urged the independent directors of textile company Raymond Ltd to launch an investigation into the allegations of assault against its managing director. According to local media reports, Nawaz Modi Singhania – the wife of Managing Director Gautam Singhania and a board …
Proxy advisory firm urges Raymond’s independent directors to probe assault allegations Read More »
By Riddhima Talwani, Rishika Sadam, Aditi Shah and M. Sriram THANE/HYDERABAD/NEW DELHI/MUMBAI (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in …
Tesla on two wheels? India’s Ola Electric feels the strains of success Read More »
BENGALURU (Reuters) – Vehicle sales in India rose 19% during a 42-day festive season, boosted mainly by strong demand for two wheelers in rural areas, an auto dealers’ body said on Tuesday. Indians generally make big-ticket purchases on items like vehicles during the festive season, which kicked off in mid-October this year and ran till …
India’s vehicle sales climb 19% in festive season – dealers’ body Read More »
By Anirudh Saligrama (Reuters) – HSBC Holdings has hired UBS Group banker Gautam Anand as the global coordinator for affluent Indian clients across the Middle East, North Africa and Europe, according to an internal memo seen by Reuters on Tuesday. Anand, with over 25 years of experience in the private banking industry, was crucial in …
HSBC taps UBS’ Gautam Anand for key South Asia private banking role – memo Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was unresponsive to strength in its Asian peers on Tuesday and hovered in a tight range to kick off the last trading week of November. The rupee was at 83.3825 as of 10:35 a.m. IST, little changed from its close at 83.3675 on Friday. Indian markets …
By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes were flat as Tuesday as a rise in Adani and energy stocks offset a fall in information technology (IT) stocks after a recent rally. The NSE Nifty 50 index was up 0.06% at 19,807.15 points and the S&P BSE Sensex fell 0.06% to 65,932.97, as of 10:20 …
Indian shares flat as Adani, energy stocks offset IT fall Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold hit a six-month high on Monday as a softer dollar and expectations of a pause in the Federal Reserve’s monetary tightening helped bullion consolidate above the key $2,000 an ounce level. Spot gold was up 0.5% at $2,012.34 per ounce by 3:01 p.m. ET (2001 GMT), after reaching …
Gold climbs higher on dollar dip, Fed pause bets Read More »
BENGALURU (Reuters) – Taiwan’s Foxconn will invest $1.5 billion in India in its latest expansion plan, the world’s largest contract manufacturer of electronics said on Monday. The company, which announced the investment plan in a stock exchange filing, did not provide any further details. Foxconn has been rapidly expanding its presence in India by investing …
Foxconn to invest $1.5 billion to expand India operations Read More »
