(Reuters) -A fire that broke out at the 60,000 barrel-per-day Numaligarh Refinery Limited (NRL) in Assam state, India, on Monday has been brought under control, the refinery said. “Fire in Vessel VV-4 of hydrocracker unit of Numaligarh refinery, which started around 7.20 p.m. this evening is under control. No injuries or casualties reported,” the refinery …
Fire at India’s Numaligarh refinery under control, company says Read More »
By Krishn Kaushik NEW DELHI (Reuters) -India has filed a graft case against Britain’s BAE Systems plc and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 advanced jet trainers, a federal police document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of …
India files graft case against BAE Systems, Rolls-Royce Read More »
By Seher Dareen (Reuters) – Gold prices hovered near two-month lows in holiday-thinned trading on Monday as the U.S. debt ceiling agreement eased investor worries, while chances of the Federal Reserve raising rates dampened the demand for bullion. Spot gold was mostly unchanged at $1,946.28 per ounce by 9:51 a.m. EDT (1351 GMT), while U.S. …
Gold steadies in thin trading as US debt deal weighs Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the U.S. added heft. The blue-chip Nifty 50 index closed 0.54% higher at 18,598.65, while the benchmark S&P BSE Sensex rose 0.55% to 62,846.38. Both benchmarks …
Financials power Indian shares; Nifty 50 in overbought zone Read More »
BENGALURU (Reuters) – JioCinema, the streaming platform run by India’s Reliance Industries Ltd, has signed a partnership with NBC Universal Media in a push to increase Hollywood content on the platform for Indian viewers, the companies said on Monday. The multi-year deal will give JioCinema’s premium subscribers access to popular shows such as “Downton Abbey”, …
Reliance’s JioCinema signs content streaming deal with NBC Universal Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian government is monitoring price pressures and will not let the guard down on inflation, finance minister Nirmala Sitharaman said at an event in Mumbai. “The government is monitoring inflation. We are monitoring all data on ground level also. Inflation is already moderating,” she told reporters. India’s consumer …
India govt will not let down guard on inflation, says finance minister Read More »
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) -The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, its governor said on Monday. “During the course of our supervisory process, certain instances of …
India RBI chief flags governance gaps, stressed assets misreporting at some banks Read More »
BENGALURU (Reuters) -Shares of ICICI Lombard General Insurance Co Ltd rose as much as 14.2% on Monday, a day after ICICI Bank Ltd’s board approved raising its stake in the company by 4% in multiple tranches. ICICI Bank holds 48.02% stake in the company as of March 31, 2023, and plans to acquire at least …
India’s ICICI Lombard jumps as ICICI Bank approves raising stake Read More »
BENGALURU (Reuters) – Baring Private Equity Asia EQT is set to buy India-based Housing Development Finance Corp’s educational loan unit – Credila Financial Services – for about $1.3 billion to $1.5 billion, The Economic Times reported on Monday. The buyout fund will acquire 90% of the company, with HDFC retaining the remaining 10% stake, which …
Baring EQT set to buy HDFC’s education loan unit for up to $1.5 billion – ET Read More »
By Sethuraman N R and Nimesh Vora MUMBAI (Reuters) – The Indian rupee may come under pressure on Monday, after a tentative deal to raise the U.S. debt ceiling made it likely that the U.S. Federal Reserve will raise rates next month. Non-deliverable forwards indicate the rupee will slightly lower from the previous session’s level …
Indian rupee may struggle on rising likelihood of Fed rate hike Read More »
