By Sarita Chaganti Singh and Nikunj Ohri NEW DELHI (Reuters) -India has extended the tenure of the chairman of the State Bank of India (SBI), the country’s largest lender, until August next year, a government order said on Thursday. Dinesh Khara, who was due to retire later this week, will stay on till he turns …
India extends tenure of SBI chairman until August 2024 – order Read More »
By Ira Dugal MUMBAI (Reuters) – Citi India expects to see equity capital market deals worth $20-22.5 billion in 2023, amid strong local markets and a stable economy, the Wall Street bank’s India chief executive said in an interview with Reuters. Last year, $19.4 billion was raised on India’s equity capital markets, according to data …
Citi India sees $22 billion in equity capital deals in 2023, says CEO Read More »
BENGALURU (Reuters) – India’s Adani Wilmar said on Thursday its profitability for the quarter ended September 2023 remained under stress due to lower edible oil prices. Edible oil prices fell by more than 50% over less than a year this August, potentially spurring more imports in a country that is set to start the 2023/24 …
India’s Adani Wilmar says Q2 profitability under stress on lower edible oil prices Read More »
By Sunil Kataria MEERUT, India (Reuters) – Cricket equipment manufacturer Sanspareils Greenlands, commonly known as SG, has ramped up production anticipating a demand boom during the World Cup in India that began on Thursday, the company’s sales and marketing director said. Defending champions England and New Zealand play the opening match of the 50-over World …
Cricket-Equipment maker betting on India’s World Cup success to boost sales Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank is widely expected to keep rates on hold on Friday but any further liquidity withdrawal measures alone may push market yields higher, causing another increase in effective rates, treasury officials and analysts said. The average daily call rate has risen to 6.70% between Aug. 14 and Oct. …
India market levels show effective rate has risen; cenbank meeting in focus Read More »
By Jayshree P Upadhyay (Reuters) – India’s markets regulator will tell the country’s top court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter. The Securities and Exchange Board of India (SEBI) will say …
By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry accelerated in September as already robust demand strengthened, according to a survey that also showed businesses were the most optimistic in over nine years. That bodes well for Asia’s third-largest economy, which is expected to be the fastest-growing major economy this fiscal year, …
India’s services sector grew at faster pace in Sept, optimism at 9-year high Read More »
By Mohi Narayan NEW DELHI (Reuters) – Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath of Moscow’s Ukraine invasion. The nearby UAE had long been India’s top source …
Russia surpasses UAE as India’s top naphtha supplier amid discounts Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Thursday, led by gains in IT and financial stocks as part of a relief rally triggered by an easing of crude prices and a dip in U.S. yields. The NSE Nifty 50 index was up 0.49% at 19,531.55, as of 10:09 a.m. IST, and the S&P …
Indian shares gain as dip in crude, US bond yields lift mood Read More »
By Arpan Chaturvedi and Aditi Shah GREATER NOIDA, India (Reuters) -Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy. Reliance, led by billionaire Mukesh Ambani, displayed removable and swappable batteries for EVs that can also …
India’s Reliance unveils swappable, multipurpose batteries for EVs Read More »
