(Corrects number of employees in paragraph 6 after company clarification) By Olivier Sorgho (Reuters) -French software firm OVHcloud has launched its first data centre in India as it expands in the Asia-Pacific region aiming to capitalise on growing cloud adoption amid heightened concerns over data privacy, it said on Monday. The new data centre in …
France’s OVH expands into India amid growing cloud adoption Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – U.S. boutique investment firm GQG Partners’ $1.87 billion investment in four Adani Group companies in early March single-handedly helped foreign portfolio investors (FPI) record net purchases of Indian equities in the first half of the month. FPIs bought equities worth 125.75 billion rupees ($1.52 billion) between March 1 and …
FPIs net buyers of Indian stocks upto mid-March due to GQG’s Adani investment-NSDL data Read More »
NEW DELHI (Reuters) – Kuwait’s Jazeera Airways urged India on Tuesday to increase a limit on air traffic between the two countries, echoing a request for more access to India from Dubai’s Emirates. Chief Executive Rohit Ramachandran told the CAPA India Aviation Summit that the current weekly allowance of 12,000 was inadequate to reflect current …
Kuwait’s Jazeera Air joins calls for more access to India Read More »
(Reuters) – India’s bluechip Nifty 50 index will end at around 18,000 points this year, about 5.5% higher than current levels but roughly flat with end-2022, as company earnings will be hit by high rates among other factors, BofA Global Research said. BofA cut its year-end target for the Nifty by 8.3% to 18,000, implying …
India’s bluechip Nifty index to snap seven-yr winning run -BofA Global Research Read More »
MUMBAI (Reuters) -A decision to write down Credit Suisse’s additional tier-1 bonds to zero after the bank agreed to be bought by UBS will weigh on the pricing of such notes and spook investors, Citi analysts said on Tuesday. Indian lenders, however, have limited dependence on such securities, Jefferies said in a note. “Another instance …
Indian banks’ dependence on AT1 bonds limited, some impact on pricing likely – analysts Read More »
By Seher Dareen (Reuters) – Gold prices retreated from their highest level in a year in volatile trading on Monday, as share markets and Treasury yields bounced back on central banks’ efforts to shore up confidence in the financial sector. Spot gold dipped 0.5% to $1,977.18 per ounce by 1:57 p.m. EDT (1757 GMT), after …
Gold drops from 1-year peak as banking fragility drives wild swings Read More »
By Tim Hepher and Aditi Shah NEW DELHI (Reuters) – Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Aircraft …
Air India seeks lessor jet delivery financing after record order Read More »
NEW DELHI (Reuters) – The strong debt profile of Indian corporates will be a major factor in maintaining the Asian nation’s macroeconomic stability, the country’s finance ministry said in a monthly report on Monday. “Tightening of financial conditions by central banks to tame inflation has raised concerns regarding the exacerbation of corporate debt vulnerabilities, with …
India’s strong corporate debt profile key to macroeconomic stability – fin min Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee declined on Monday as relief from the Credit Suisse rescue deal proved to be short-lived, with investors dumping risk assets on worries over a contagion in the global financial sector. The rupee closed at 82.6350 per dollar, compared with its previous close of 82.5525. Asian stocks …
Rupee weakens as bank contagion fears drag risk assets Read More »
By Fayaz Bukhari SRINAGAR (Reuters) – Indian Kashmir is to get its first foreign investment, with Dubai’s Emaar Group due to build a $60 million shopping and office complex, as the government looks to stabilise a region where Muslim separatists have for years battled the government. The 5 billion rupee ($60.50 million) development will include …
India’s Jammu and Kashmir gets first foreign investment from Dubai’s Emaar Read More »
