NEW DELHI (Reuters) -A new ports and railway corridor for the Middle East and South Asia will include train links to India, an Indian foreign ministry official said on Monday, offering new details about the plan unveiled over the weekend at the G20 summit in Delhi. Asked about the proposals, Ausaf Sayeed, a secretary in …
New Mideast corridor would include trains to India, Delhi says Read More »
By Aditya Kalra NEW DELHI (Reuters) -KKR & Co Inc has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. The private equity firm’s follow-on investment translates into an additional equity stake …
KKR raises stake in Indian billionaire Ambani’s Reliance Retail with $250 million Read More »
By Nidhi Verma and Shivangi Acharya NEW DELHI (Reuters) -Saudi Arabia could set up an office of its sovereign wealth fund in India’s Gujarat International Finance Tec-City (GIFT), its investment minister said in New Delhi on Monday. GIFT City is India’s tax-neutral financial services centre and a key project for Indian Prime Minister Narendra Modi, …
Saudi Arabia could open sovereign wealth fund office in India’s GIFT City Read More »
BENGALURU (Reuters) – Kotak Institutional Equities, on Monday, stopped recommending Indian mid-cap companies since it could find no stocks, other than a few in the financial space, with room to rise following the index’s record-breaking rally this year. The more domestically focused mid-cap index has hit multiple record highs in its 31% surge so far …
India’s Kotak stops mid-cap recommendations after “irrational” rally Read More »
BENGALURU (Reuters) -Indian edtech startup Byju’s, which is grappling with multiple legal and financial woes, has proposed to repay its entire $1.2 billion term loan in less than six months, Bloomberg News reported on Monday, citing people familiar with the matter. The company is offering to repay $300 million in the next three months, if …
Struggling Indian edtech Byju’s proposes to repay $1.2 billion loan -Bloomberg News Read More »
NEW DELHI (Reuters) – Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday, adding that the company’s shares will be listed in gulf. The group has appointed Moelis and Co as its advisor for the IPO, Lulu’s Chairman and Managing Director Yusuff …
Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf – chairman Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into India’s equity mutual funds nearly tripled in August, with investors continuing to prefer small- and mid-cap funds on hopes of strong returns, data from the Association of Mutual Funds in India (AMFI) showed on Monday. Equity mutual funds saw inflows rise sequentially for the 30th consecutive month …
By Siddhi Nayak MUMBAI (Reuters) – The deadline for submitting preliminary interest to bid for insolvent Go Airlines (India) is likely to be extended by another two-to-three weeks amid lack of any such application by suitors, two banking sources told Reuters on Friday. The resolution professional for the company, which operated the Go First carrier, …
Go First lenders likely to extend deadline seeking investor interest – sources Read More »
By Arpan Varghese (Reuters) – Gold ticked up on Friday buoyed by a slight retreat in the dollar, while investors hunkered down for more economic data next week to gauge the Federal Reserve’s interest rate hike plans. Spot gold inched 0.1% higher at $1,920.49 per ounce by 2:06 p.m. EDT (1806 GMT). U.S. gold futures …
Gold edges up as dollar rally cools, traders eye more Fed cues Read More »
MOSCOW/RIO DE JANEIRO (Reuters) – Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions, LSEG data showed and traders said. Russia has been heavily relying on India and China as main buyers of its crude …
Russia ships first oil cargo to Brazil as it seeks to diversify buyers Read More »
