BENGALURU (Reuters) -Indian Prime Minister Narendra Modi’s alliance was heading towards a majority in vote counting trends in the general election on Tuesday, but the numbers so far showed the margin of victory may not be as large as exit polls suggested, leading to a rout across markets. MARKET REACTION: STOCKS: The Nifty index dropped …
Market analysts react as votes are counted in India’s giant election Read More »
SINGAPORE (Reuters) – French energy major TotalEnergies announced on Tuesday agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period. It signed a sales and purchase agreement with Indian Oil Corporation to deliver up to 800,000 metric tons per year of …
TotalEnergies signs LNG agreements with Indian Oil Corp, Korea South-East Power Read More »
(Reuters) – Fairfax India Holdings Corp on Monday said that Gopalakrishnan Soundarajan will become the company’s CEO, effective July 1. Chairman Prem Watsa will also step down from his position, which will be taken over by Benjamin Watsa, the company said. (Reporting by Juby Babu in Mexico City; Editing by Maju Samuel)
By Brijesh Patel (Reuters) – Gold prices rose on Monday as weaker-than-expected U.S. economic data cemented expectations that the Federal Reserve would cut interest rates later this year, sending the dollar and bond yields lower. Spot gold was up 0.9% at $2,347.12 per ounce as of 2:38 p.m. ET (1838 GMT), after posting a 2% …
Gold rises as soft US economic data spurs Fed rate cut bets Read More »
By Aditi Shah and Lisa Barrington DUBAI (Reuters) – IndiGo, India’s biggest airline, will focus its next phase of international expansion on lesser-known destinations while increasing its presence in popular markets such as Singapore and Dubai, its CEO told Reuters on Monday. The budget carrier made a successful push into central Asia last year with …
IndiGo eyes lesser-known international destinations for next growth phase Read More »
By Bharath Rajeswaran and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) -Indian shares hit lifetime highs while the rupee gained and bond yields dropped, as investors were buoyed by expectations of sustained economic growth after exit polls indicated a decisive mandate and a third term for Prime Minister Narendra Modi. Weekend exit polls projected the alliance led by …
India markets rejoice exit poll prediction for a Modi landslide Read More »
BENGALURU (Reuters) – Infosys CEO Salil Parekh’s compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office. The longest-serving non-founder CEO at the tech firm took home 74.7 million rupees in total fixed pay and 197.5 million rupees in …
Infosys CEO’s compensation rose 17% to $7.9 million in FY 2024 Read More »
By Tora Agarwala Guwahati,India (Reuters) -Indian Prime Minister Narendra Modi’s Bharatiya Janata Party has won the regional vote in Arunachal Pradesh, a state bordering China, while a local party swept to power in Sikkim, a Himalayan state, officials and politicians said on Sunday. Provincial elections in Arunachal Pradesh and Sikkim were held on April 19, …
Modi’s BJP retains power in Indian state bordering China Read More »
BENGALURU (Reuters) – Indian eyewear retailer Lenskart has raised $200 million from Singapore state investment firm Temasek and Fidelity Management and Research Company, according to Avendus Capital, the financial advisor of the deal. While Avendus did not mention additional financial details in its statement on Monday, news website TechCrunch said that the deal valued SoftBank-backed …
Indian eyewear retailer Lenskart raises $200 million from Temasek and Fidelity Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares surged to record highs on Monday, led by financials and energy stocks, after exit polls over the weekend projected a third term for Prime Minister Narendra Modi’s government in the recently-concluded general elections. The NSE Nifty 50 was up 2.77% at 23,157.15 points, while the S&P BSE …
India’s blue-chips hit record highs led by financials, energy on hopes of Modi victory Read More »
