SINGAPORE (Reuters) – State-run Indian Oil Corp has issued a tender seeking eight cargoes of liquefied natural gas (LNG) to be delivered to the Dhamra terminal on India’s east coast, three industry sources said on Thursday. The cargoes are to be delivered between June 2023 and May 2024. One of the sources said the tender …
India’s IOC seeks 8 LNG cargoes for Dhamra terminal – sources Read More »
BENGALURU (Reuters) – Shares of India’s Patanjali Foods Ltd fell as much as 5% on Thursday, a day after the edible oil maker said the country’s stock exchanges froze promoters’ shares as they still held a stake of around 80% in the company. India’s markets regulator, the India’s Securities and Exchange Board of India (SEBI), …
India’s Patanjali Foods falls after stock exchanges freeze promoters’ shares Read More »
By Munsif Vengattil, Aditya Kalra and Saurabh Sharma NEW DELHI/LUCKNOW (Reuters) – Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world’s second biggest market for the devices. While Xiaomi remained …
Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown Read More »
By Bharat Gautam (Reuters) – Gold prices climbed over 1% to their highest since early February on Wednesday as a fresh crisis in the banking sector turned investors away from seemingly riskier assets and drove them to the safety of bullion. Spot gold jumped 1.2% to $1,924.63 per ounce by 11:56 a.m. EDT (1556 GMT). …
Gold rallies over 1% as Credit Suisse crisis hits risk appetite Read More »
NEW DELHI (Reuters) – Indian gas firm GAIL (India) Ltd will get two cargoes of liquefied natural gas (LNG) each in March and April from Germany’s Sefe for the first time since supplies were halted in May, Chairman Sandeep Gupta said on Wednesday. Gupta said Sefe was supplying cargoes from its non-Russian portfolio in Egypt, …
India’s GAIL to get LNG shipments from Germany’s Sefe after nearly a year Read More »
By Arpan Chaturvedi and M. Sriram NEW DELHI (Reuters) – India will allow foreign law firms to set up offices in the country to offer corporate law and M&A services to clients, a major move seen as reshaping the landscape of a sector long dominated by local firms. The Bar Council of India in new …
India allows foreign law firms to set up offices, move seen as ‘game changer’ Read More »
By Nikunj Ohri and Dharamraj Dhutia (Reuters) – The Indian government’s borrowing for April-September is likely to be between 55% and 58% of its gross borrowing target for next fiscal year, two government officials said on Wednesday, to front-load expenditure and keep bond supply closer to market expectations. India aims to raise 15.43 trillion rupees …
India likely to keep April-Sept borrowing under 60% of FY24 goal-sources Read More »
By Siddhi Nayak and Bhakti Tambe MUMBAI (Reuters) – Indian shadow lender Shriram Finance is looking to pare as much as 15% stake in its housing finance arm at a valuation of 10 billion rupees ($121.35 million), two senior sources with direct knowledge of the matter told Reuters. Shriram Housing Finance Ltd., which offers home …
India’s Shriram Finance looking to sell 15% stake in housing arm – sources Read More »
By Praveen Paramasivam CHENNAI (Reuters) – Indian online gaming platform BuyStars said on Wednesday it had raised $5 million in a pre-series A round led by venture capital (VC) fund Lumikai as it looked to hire more employees and launch new games. Existing investors Leo Capital and Chiratae, tech-focused VC funds, also participated in the …
Indian gaming platform BuyStars raises $5 million in Lumikai-led round Read More »
(This March 14 story corrects rupee forecast period to ’12-18 months’ from ‘year-end’, in paragraph 12) By Dharamraj Dhutia MUMBAI (Reuters) – Indian fixed-income and foreign-exchange markets are unlikely to see any major fallout after the collapse of a U.S. lender dented risk sentiment, a senior treasury executive at DBS Bank said on Tuesday. “We …
No contagion seen on Indian bonds, FX from SVB collapse – DBS’s Vaidya Read More »
