Reuters India Business

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian equities rose for a fourth consecutive session on Monday, ahead of a two-day holiday, due to better-than-expected earnings from banks and index heavyweight Reliance. The Nifty 50 and the BSE Sensex increased about 0.5% each to one-year-highs of 25,843.15 and 84,363.37, respectively. Their 2.8% gain over …

Earnings power Indian stocks to fourth day of gains ahead of holidays Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The Indian rupee trimmed most of its intraday gains but still ended higher on Monday, with traders citing likely intervention by the Reserve Bank of India through state-run banks to support the currency near the 88/dollar level. The currency opened marginally higher at 87.9350 to the U.S. dollar, up from …

Rupee gains ground with central bank help Read More »

By Christoph Steitz and Tilman Blasshofer FRANKFURT (Reuters) -Thyssenkrupp is in intensive talks with Jindal Steel International over the Indian group’s interest in its steel business, the German conglomerate’s CEO said, calling it “good cooperation” but signalling discussions could take a while. Jindal Steel International last month made an indicative bid for Thyssenkrupp Steel Europe …

Thyssenkrupp in ‘intensive’ talks with Jindal over sale of steel unit Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The holding company of India’s Godrej Consumer Products is set to tap the corporate bond market for the third time in as many months by the end of October, two merchant bankers said on Monday. Godrej Seeds and Genetics aims to raise 20 billion rupees ($229 million) through sale of …

Indian Godrej Group firm plans third debt sale in as many months, eyeing $230 million Read More »

(Reuters) -Shares of India’s RBL Bank surged to a five-year high after Emirates NBD announced a $3 billion investment in the lender, with investors betting the deal will turbocharge foreign investor interest in the country’s banking sector amid easing regulations. The largest cross-border deal in India’s financial sector, which lifted shares across the industry, signals …

India’s RBL Bank hits five-year high after record foreign stake purchase by Emirates NBD Read More »

By Pratima Desai LONDON (Reuters) -Copper consumption in the United States and India is set to emerge from China’s shadow over the next decade as demand growth in the world’s largest consumer of the industrial metal slows. Beijing’s industrial and infrastructure expansion has helped fuel a rally that has seen copper prices rise to above …

Analysis-New copper demand drivers from US, India as China juggernaut slows Read More »

By Gopika Gopakumar NEW DELHI (Reuters) -India’s RBL Bank sees an opportunity to start a wealth management business after Emirates NBD buys a 60% stake for $3 billion, Chief Executive R Subramaniakumar said on Sunday. The Middle Eastern bank will invest 268.53 billion rupees ($3.05 billion) in the private lender through a preferential issue of …

India’s RBL Bank eyes wealth business after Emirates NBD deal Read More »