By Sharafat Ali SRINAGAR, India (Reuters) -Gulzar Ahmad Bhat, a former carpet weaver in India’s Jammu and Kashmir region, now sells tea on the shores of the scenic Dal Lake, abandoning his craft of 35 years after increased U.S. tariffs left him unable to afford his children’s school fees and medicine for his family of …
Hobbled by US tariffs, carpet weavers in India’s Kashmir struggle to stay afloat Read More »
By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -Two Indian infrastructure investment trusts (InvITs) plan to raise a total of over 26 billion rupees ($297 million) through debut bond issues between October and November, according to banking sources, joining a growing list of such vehicles tapping the debt market for fundraising. Oriental Infratrust aims to …
Two Indian infra investment trusts plan debut bond sale in coming weeks, bankers say Read More »
By Rajendra Jadhav and Brijesh Patel (Reuters) -Physical gold demand in India ticked lower this week as buyers held back purchases, anticipating a deeper price correction, while a pullback in rates sparked buying interest in China and Singapore. Indian dealers were this week quoting a premium of up to $25 per ounce over official domestic …
India demand cools after festive rush; price fall propels buying elsewhere Read More »
(Reuters) -Blackstone will invest about $705 million in India’s Federal Bank for a 9.9% stake, the private lender said on Friday, adding to the growing list of large deals by marquee investors. The deal will make the private equity firm the largest shareholder in the bank. Dealmaking in Indian private banking space has picked up …
Blackstone to invest $705 million in India’s Federal Bank to become largest shareholder Read More »
By Gopika Gopakumar MUMBAI (Reuters) -India’s financial sector has seen a number of large deals in 2025, including two rare transactions involving foreign banks buying significant stakes in Indian lenders. Between January and September 2025, mergers and acquisitions worth $8 billion have concluded across the financial sector, a 127% increase over the same period last …
Large cross-border deals in India’s financial sector this year Read More »
By Shaloo Shrivastava BENGALURU (Reuters) -Growth in India’s private sector eased to a five-month low in October as weaker demand and rising output prices weighed on business optimism, a survey showed on Friday. HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 59.9 this month from a final reading of …
India’s private sector activity eases to five-month low in October, PMI shows Read More »
(Reuters) -Orkla India, parent of Indian ready-to-eat brand MTR Foods, set a price band of 695 to 730 rupees per share for its initial public offering, targeting a valuation of 100 billion rupees ($1.14 billion) at the upper end, according to Reuters calculations. The India unit of Norwegian branded consumer goods group Orkla will launch …
By Noel John and Pablo Sinha (Reuters) -Gold prices rose over 1% on Thursday after two consecutive sessions of losses, as renewed geopolitical risks bolstered safe-haven demand and investors braced for key U.S. inflation data due on Friday. Spot gold was up 1% at $4,132.76 per ounce, as of 01:49 p.m. ET (1748 GMT), after …
Gold rises on renewed geopolitical risks; US inflation data in focus Read More »
(Reuters) -Ratings agency S&P Global on Thursday downgraded its outlook of India’s Tata Motors Passenger Vehicles to ‘negative’, citing a “slow recovery” of the automaker’s key Jaguar Land Rover (JLR) unit, which was hit by a cyberattack early last month. The cyber incident at UK-based JLR, the cash cow unit of Tata Motors, led to …
S&P cuts India’s Tata Motors PV outlook on slow JLR recovery from cyberattack Read More »
(Reuters) -JP Morgan analysts on Thursday maintained a bullish outlook on gold, forecasting prices could reach an average of $5,055 per ounce by the fourth quarter of 2026. The forecast is based on “demand assumptions that see investor demand and central bank buying averaging around 566 tons a quarter in 2026,” the bank said in …
JP Morgan sees gold prices averaging $5,055 per ounce by late 2026 Read More »
