By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip Sensex index hit a record high on Thursday, before giving up those gains on concerns of high valuations and as IT stocks dropped after U.S. Federal Reserve Chair Jerome Powell indicated further rate hikes this year. The 30-stock Sensex rose as much as 0.12% to a new record …
India’s Sensex hits record before hawkish Fed fears weigh Read More »
BENGALURU (Reuters) -The merger between ZEE Entertainment and the Indian unit of Japan’s Sony will go through, “whether or not” he is the CEO of the merged company, Punit Goenka told the Economic Times in an interview. The India markets regulator has imposed a one-year ban on Zee Entertainment’s Chairman Subhash Chandra and CEO Goenka …
Sony-Zee merger to go through says Punit Goenka – ET Read More »
BENGALURU (Reuters) -India’s markets regulator on Wednesday issued an interim restraining order on 135 entities accessing the securities market and fined them about 1.26 billion rupees ($15.36 million for making wrongful gains from alleged stock manipulation of small-cap companies through bulk messages. In its investigation, the Securities and Exchange Board of India (SEBI) found a …
India markets regulator bars 135 entities over stock manipulation Read More »
By Siddhi Nayak MUMBAI (Reuters) -Indian airline Go First, which is under bankruptcy protection as it tries to resume operations, has sought additional funds at a lenders meeting on Wednesday, banking sources told Reuters. The airline is asking for between 4 billion and 6 billion Indian rupees ($122 million) in additional funds, the sources said, …
India’s Go First seeks up to $122 million in additional funds -banking sources Read More »
BENGALURU (Reuters) -India’s top IT services provider Tata Consultancy Services said on Wednesday that it has signed a new contract worth 840 million pounds ($1.1 billion) with British pension scheme Nest for an initial tenure of 10 years. The contract, to help Nest transform its administration services, if extended to the entirety of its 18-year …
India’s TCS signs $1.1 billion contract with UK’s Nest Read More »
By Sethuraman N R and Aditya Kalra BENGALURU (Reuters) -Sony Pictures Entertainment said on Wednesday it took “seriously” an Indian regulator’s ban on Zee Entertainment’s founder and CEO from holding board positions and will monitor developments that may affect its deal with Zee. This is Sony’s first comment since the Securities and Exchange Board of …
Sony says tracking developments which ‘may affect’ deal with India’s Zee Read More »
BENGALURU (Reuters) – India’s income tax department was conducting a survey action at five locations of Shree Cement Ltd in the western state of Rajasthan, CNBC-TV18 reported on Wednesday, citing sources. The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters’ requests for comment. Shree Cement’s shares fell as much as 2.7% …
India’s IT dept raids 5 Shree Cement locations – CNBC TV18 Read More »
By Valerie Insinna PARIS (Reuters) -Indian budget carrier Akasa Air has placed an order for four Boeing 737 Max jets, both companies said on Wednesday, the latest in a spate of orders by the country’s airlines. Reuters reported the order, citing a source with direct knowledge, earlier on Wednesday. Akasa, the newest entrant in the …
Indian budget carrier Akasa Air places order for four Boeing 737 Max jets Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) continued to buy Indian equities in the new financial year, having purchased shares worth 131.24 billion rupees ($1.60 billion) on a net basis in the first half of June, data from the National Securities Depository Ltd (NSDL) showed on Wednesday. FPIs have added stocks worth …
FPIs extend buying streak in Indian equities in June: NSDL Read More »
By Biplob Kumar Das BENGALURU (Reuters) – Indian streaming platform ZEE5 Global’s chief business officer, Archana Anand, played down concerns over password sharing by its users, at a time when rival Netflix is cracking down on the revenue-sapping practice. “For me, password sharing is not all bad…I would love for people to pay up and …
Unlike Netflix, India’s ZEE5 Global not balking at password sharing Read More »
