By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares were little changed on Wednesday, as a slide in consumer stocks offset a rise in metals, ahead of the release of the Reserve Bank of India’s (RBI) policy meeting minutes and a key global central bankers’ gathering. The Nifty 50 index was down 0.07% at …
Indian blue-chips flat on global risk-aversion; small-, mid-caps outperform Read More »
BENGALURU (Reuters) – India’s Jio Financial Services (JFS) fell 5% on Wednesday, triggering a circuit breaker for the third consecutive day, as investors continued to trim holdings amid a lack of buying interest. Investors will, however, watch JFS during the session for potential buying, as global index manager MSCI will add the stock to its …
India’s Jio Financial hits circuit breaker for third day; MSCI addition in focus Read More »
By Brijesh Patel (Reuters) – Gold prices hovered near a five-month low on Tuesday as a stronger dollar and higher bond yields dented bullion’s appeal, while focus shifted to the Jackson Hole symposium due later this week for more cues on the interest rate outlook. Spot gold was nearly unchanged at $1,896.60 an ounce by …
Gold holds near five-month low, focus turns to Jackson Hole Read More »
BENGALURU (Reuters) – Indian stationery maker Doms Industries has filed for an initial public offering worth 12 billion rupees ($144.53 million), draft papers filed with the market regulator showed on Tuesday. Doms will issue new shares worth 3.5 billion rupees, while existing shareholders will sell shares worth 8.5 billion rupees, the draft prospectus showed. Milan-listed …
Indian stationery maker Doms files draft papers for $145 million IPO Read More »
BENGALURU (Reuters) – India’s market regulator on Tuesday barred Brightcom Group’s two top executives from holding directorial positions over irregularities in the marketing firm’s preferential share allotments. The Securities and Exchange Board of India (SEBI), said in an interim order that the group’s Chief Executive Officer M Suresh Kumar Reddy and Chief Financial Officer Narayan …
India’s market regulator bars Brightcom CEO, CFO from holding director post Read More »
NEW DELHI (Reuters) -India will have a new safety rating system for passenger cars from October based on tests, including crashes from the front and side, to make its cars and roads safer, the country’s Ministry of Road Transport and Highways said on Tuesday. India, the world’s third largest car market, has some of the …
India announces car safety rating to cut accident rate Read More »
(Reuters) – India’s crude oil imports fell for the second straight month in July in line with lower consumption due to monsoon rains and lower shipments from Russia and Saudi Arabia as prices rose following recent supply cuts from the two oil producers. Crude imports dropped 1.2% month-on-month to 19.32 million metric tons in July, …
India’s July oil imports slip on monsoon lull, lower Russian inflows Read More »
By Sethuraman N R and Jayshree P Upadhyay BENGALURU (Reuters) -India’s Jio Financial Services (JFS) slid 5% for a second straight day on Tuesday, triggering an exchange rule that will delay its removal from the country’s benchmark indexes. Still, analysts warned, that index-linked funds could see distorted weightages for longer if fund managers cannot sell …
India’s Jio Financial drops 5% for second straight day, delaying index removal Read More »
By Nimesh Vora MUMBAI (Reuters) – Indian exporters are hedging far more of their future foreign currency receipts as they cash in on the rupee’s decline to near record low levels, data shows. Last Monday, the rupee slipped below the psychological level of 83 per U.S. dollar for the first time since October 2022, when …
Indian rupee’s fall to near record low fuels more hedging by exporters Read More »
MUMBAI (Reuters) – India is not considering imposing any restrictions on the exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. Currently, there are no …
India not planning to restrict parboiled rice exports – food secretary Read More »
