By Ashitha Shivaprasad (Reuters) – Gold prices hovered near the key psychological $2,000 level on Monday, supported by safe-haven demand amid the Middle East conflict, while market participants looked ahead to this week’s U.S. Federal Reserve policy meeting. “The Middle East conflict is keeping a floor under gold and silver markets. I remain bullish on …
Gold hovers near $2,000 on Middle East risks, focus on Fed Read More »
(Reuters) -An Indian tribunal lifted a ban on Punit Goenka from holding board positions in any of the Zee Group companies on Monday, paving the way for him to head the entity formed by the planned merger of Zee Entertainment and Sony’s Indian business. The Securities Appellate Tribunal (SAT) ruled that the Securities and Exchange …
Indian tribunal lifts ban on Goenka holding key Zee roles Read More »
NEW DELHI (Reuters) – India’s Bharat Petroleum Corp (BPCL) has cleared all payments for Russian oil purchases, its head of finance Vetsa Ramakrishna Gupta told an analysts’ conference after the company’s September quarter earnings report. “As of today nothing is there beyond the due date,” Gupta said in response to a question about whether any …
India’s BPCL says no payments pending for Russian oil imports Read More »
By M. Sriram BENGALURU (Reuters) – Blackstone said on Monday it will buy a majority stake in India’s Care Hospitals from a fund belonging to asset management firm TPG, marking the U.S.-based private equity firm’s entry into the country’s healthcare services sector. Blackstone will commit $1 billion in the hospital chain in India and hold …
Blackstone enters Indian healthcare services with Care Hospitals buy Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended flat on Monday as pressure from month-end U.S. dollar demand from importers was blunted by the Reserve Bank of India’s continued defence of the local unit. The rupee closed at 83.25, little changed from its close at 83.2450 in the previous session. The currency traded …
India rupee ends flat as cenbank help counters month-end dollar demand Read More »
By Jaspreet Kalra and Chris Thomas MUMBAI/BENGALURU (Reuters) -India’s AU Small Finance Bank is buying IPO-bound peer Fincare Small Finance Bank in an all-stock deal worth 44.11 billion rupees ($529.8 million), as it looks to enter the microfinance space. Shares of AU Small Finance Bank dropped nearly 9% to their lowest since mid-April on concerns …
India’s AU Small Finance Bank to buy Fincare in $530 million all-stock deal; shares drop Read More »
By Rishika Sadam HYDERABAD (Reuters) – India’s Skyroot Aerospace said on Monday it has raised $27.5 million in a fresh round of funding led by Singapore’s Temasek, upping the ante in the country’s burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The Hyderabad-based company, which launched India’s first private rocket in …
Skyroot raises $27.5 million, heating up India’s private sector space race Read More »
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a cautious start in Asian markets as Israeli troops backed by tanks pressed into northern Gaza with a ground assault that drew increased international calls for the protection of civilians. Yet, oil prices have …
Marketmind: Markets hold their nerve amid Mid East trouble Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes fell on Monday led by financials, as Middle East conflict and elevated U.S. Treasury yields weighed on sentiment, while gains in Reliance Industries limited losses. The NSE Nifty 50 index was down 0.23% at 19,003.95 as of 10:17 a.m. IST, while the S&P BSE Sensex fell 0.23% …
Financials lead slide in Indian shares; Reliance curbs losses Read More »
(Reuters) – India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices. “The measure has been taken to maintain sufficient availability of onion to domestic consumers at affordable …
India sets $800 per ton minimum export price on onions till end-December Read More »
