(Reuters) – India’s Supreme Court on Monday directed the market regulator to refund 3 billion rupees ($36.3 million) to the National Stock Exchange of India in a case involving alleged lapses in the bourse’s systems, lawyers representing the parties said on Monday. The top court also refused to stay a tribunal order, which had set …
India’s Supreme Court asks SEBI to refund 3 billion rupees to NSE Read More »
By Nidhi Verma and Nikunj Ohri NEW DELHI (Reuters) -India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said. The extension of rules may …
Exclusive-India plans to extend fuel export curbs beyond March – sources Read More »
By Mayank Bhardwaj JAIPUR, INDIA (Reuters) – Rapeseed output in India, the world’s biggest importer of vegetable oils, is likely to rise 7.5% this year due to a record planting of the winter-sown oilseed, a leading trade body said on Monday. Farmers are likely to harvest a record 11.5 million tonnes in the crop year …
India likely to harvest record 11.5 million tonnes rapeseed this year -industry body Read More »
NEW DELHI (Reuters) -India outlined plans on Monday to invest billions of dollars in airports, aircraft and recruitment as the world’s fastest-growing economy seeks to meet booming air travel demand. Growth will include new airports, more regulators and air traffic controllers, and new flying schools, Civil Aviation Minister Jyotiraditya Scindia told an industry audience. “We …
India to boost aviation infrastructure as demand booms Read More »
(This March 18 story has been refiled to fix the spelling of economic in the headline) NEW DELHI (Reuters) – India’s economic and banking system are strong even amid the turmoil currently rocking global markets, Prime Minister Narendra Modi said on Saturday. “Amidst a global crisis, today India’s economic system is strong, the banking system …
PM Modi: India’s economic, banking systems are strong Read More »
(Reuters) -Adani Group has suspended work on a 349 billion rupee ($4.2 billion) petrochemical project at Mundra in India’s western Gujarat state as it focuses on consolidating operations and addressing investor concerns after the Hindenburg shortseller report, according to the Press Trust of India. The report was carried in the Economic Times on Sunday. The …
Adani Group suspends work on $4.2 billion project in India’s Gujarat – PTI Read More »
By Chris Prentice and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020. U.S. Treasury yields extended their slide, and oil prices dove to 15-month lows. Data …
Global equities fall, gold surges as banking worries linger Read More »
NEW DELHI (Reuters) – Delhi Capitals have bought a stake in the Seattle franchise of a new Twenty20 tournament in the United States as Indian Premier League teams continue to expand their global footprint. Delhi Capitals co-owner GMR Group has partnered with a group of investors that includes Microsoft Corp’s India-born CEO Satya Nadella to …
Cricket-Delhi Capitals join IPL rivals in buying stake in US franchise Read More »
By Bharat Gautam (Reuters) – Gold prices surged more than 2% on Friday as a wave of banking crises shook global markets and put bullion on track for its biggest weekly rise in three years, while bets solidified for a less aggressive Federal Reserve in its fight against inflation. Spot gold climbed 2.8% to $1,971.95 …
(Reuters) – Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding …
India’s TCS, Infosys have highest exposure to U.S. regional banks – J.P.Morgan Read More »
