By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastest-growing major …
India April factory activity hits 4-month high on robust demand Read More »
BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc will invest an additional $250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. “This latest investment will support the company’s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to large-scale industrial customers,” Serentica Renewables …
KKR to invest $250 million more in India’s Serentica Renewables Read More »
By Aditya Kalra NEW DELHI (Reuters) – Indian education platform Byju’s CEO is confident that the country’s financial crime-fighting agency will find the company compliant after raids on its premises over suspected breaches of foreign exchange laws, according to an internal memo. Byju’s is one of India’s biggest startups, once valued at $22 billion. It …
Byju’s CEO assures company’s compliance after raids over alleged forex law violations Read More »
(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not …
Twitter to allow publishers to charge users on a per article basis starting May Read More »
By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI, NEW DELHI (Reuters) -India’s market regulator has asked for a six-month extension to complete its probe into possible lapses in securities market laws and regulatory disclosures by billionaire Gautam Adani’s Adani group, according to a court document seen by Reuters. The Securities and Exchange Board of India …
India market regulator seeks 6-month extension to complete Adani probe – document Read More »
MUMBAI(Reuters) -India’s Kotak Mahindra Bank on Saturday reported a better-than-expected 26% increase in net profit for the January-March quarter, helped by higher net interest income and strong loan growth. The private lender’s standalone net profit, excluding subsidiaries, rose to 34.96 billion rupees ($427.8 million) in the fourth quarter of the fiscal year from 27.67 billion …
India’s Kotak Mahindra Bank beats expectations with 26% net profit rise in Jan-March Read More »
NEW DELHI (Reuters) -India’s financial crime-fighting agency said on Saturday it had raided three premises linked to education platform Byju’s and its billionaire CEO Byju Raveendran over suspected breaches of the country’s foreign exchange laws. The Enforcement Directorate (ED) said in a statement it had seized various documents and digital data during the search, and …
India probes education platform Byju’s over alleged forex law violations Read More »
By Deep Kaushik Vakil (Reuters) – Gold bounced back on Friday on a dip in yields and renewed concerns over the U.S. banking turmoil, putting the safe haven on course for its second monthly rise even as steady U.S. inflation reinforced bets for an interest rate hike next week. Spot gold was 0.1% higher at …
Gold heads for second monthly rise on US banking turmoil Read More »
By Rajendra Jadhav MUMBAI (Reuters) – The Indian state has procured more wheat so far in the current marketing year than total purchases made in the previous year, two government officials said on Friday. Higher procurement will help the world’s second biggest wheat producer bring down wheat prices, which jumped to a record high earlier …
Indian wheat procurement gains pace, jumps above last year’s buying Read More »
MUMBAI (Reuters) – Indian private lender Axis Bank Ltd has adequate capital to absorb the loss it posted for the fourth quarter which was mainly due to an asset write-down related to a deal to buy some Citigroup assets, S&P Global Ratings said on Friday. The bank closed a $1.4 billion deal to buy Citigroup …
India’s Axis Bank has enough capital to absorb Q4 loss -S&P Read More »
