By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) -The Indian rupee’s outlook and government bond movements this week will hinge on the U.S. Federal Reserve’s commentary following a widely anticipated rate cut, as well as the quantum of overseas flows. Markets have fully priced in a 25-basis-point rate cut at the U.S. Fed’s October 28–29 …
India rupee, bonds to sway to Fed tone, foreign flows Read More »
By Ashwin Manikandan MUMBAI (Reuters) -Indian private lender Kotak Mahindra Bank reported a lower-than-expected profit for the second quarter on Saturday as it set aside more funds for potential bad loans. The country’s third-largest private lender by market capitalisation posted a standalone net profit of 32.53 billion rupees ($370.1 million) for the three months ended …
India’s Kotak Mahindra Bank misses quarterly profit estimates due to higher provisions Read More »
(Reuters) -India’s markets regulator has barred 13 individuals from the securities market, after finding them guilty of front running trades placed by three trusts, according to a statement from late Thursday. Front running is trading of stocks or other assets based on insider knowledge of a future transaction. The Securities and Exchange Board of India conducted an investigation …
India regulator bars 13 individuals from securities market for front running Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices fell on Friday as skepticism crept into the market about the Trump administration’s commitment to sanctions on Russia’s two biggest oil companies over the war in Ukraine. Brent crude futures settled 5 cents, or 0.1%, lower at $65.94 a barrel, while U.S. crude futures <CLc1> finished at $61.50 …
Oil slips on skepticism about US commitment to Russian oil sanctions Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator has told mutual fund managers that they cannot invest in companies before they list, two sources with direct knowledge of the matter said on Friday. Certain mutual funds had sought clarifications from the Securities and Exchange Board of India as to whether pre-Initial Public Offer placements …
India regulator bars mutual funds from investing in pre-IPO placements, sources say Read More »
By Noel John (Reuters) -Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the metal was still set for its first weekly loss in 10 weeks. Spot gold fell 0.2% at $4,118.29 per ounce by 01:42 p.m. ET (1742 …
Gold trims losses after US inflation data; set to end nine-week win streak Read More »
(Reuters) -Indian IT services firm Coforge reported a better-than-expected 86% surge in second-quarter profit as client spending picked up across the sector. Consolidated net profit rose to 3.76 billion rupees in the quarter ended Sept. 30, above analysts’ average expectation of 3.71 billion rupees, according to data compiled by LSEG. Revenue rose 31.7% to 39.86 …
India’s Coforge beats second-quarter profit view on improved client spending Read More »
BENGALURU (Reuters) -India’s central bank on Friday proposed limits to banks’ lending against stocks, bonds in capital markets, and for corporate acquisitions to ensure that lenders keep such businesses in check. The Reserve Bank of India (RBI) issued a draft circular proposing that banks’ total direct exposure to capital markets and acquisition financing be capped …
India’s RBI proposes limits for banks’ capital market exposure, acquisition funding Read More »
By Nidhi Verma NEW DELHI (Reuters) -Reliance Industries Ltd, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement. Reliance, which is controlled by billionaire Mukesh Ambani and operates the world’s biggest refining complex at Jamnagar in …
Russia’s top Indian oil buyer Reliance says it will abide by Western sanctions Read More »
(Reuters) -IndusInd Bank’s former deputy chief has deposited 50% of the alleged insider trading gains with India’s markets regulator, BSE said on Friday. Restrictions on former deputy Arun Khurana’s bank accounts have been lifted, a notice from the stock exchange said. The private bank faced a crisis earlier this year following revelations of governance and …
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to SEBI Read More »
