By Iain Withers LONDON (Reuters) -Aviva hiked its payouts to investors on Thursday, including a pledged 300 million pound ($355 million) share buyback, after navigating a volatile year in its key markets amid pressure from activist investor Cevian to boost returns. The British insurer and asset manager said it had paid more than 5 billion …
BENGALURU (Reuters) – Indian craft beer maker Bira 91 has raised $10 million from Japan’s MUFG Bank, the companies said in a statement on Thursday, as the New Delhi-based brewer looks to ramp up production and tap rising demand. The investment comes more than three months after it secured $70 million in a funding round …
Indian brewer Bira 91 raises $10 million from Japan’s MUFG Bank Read More »
By Corina Pons BARCELONA (Reuters) – Spanish fashion retailer Mango’s sales hit a record 2.68 billion euros ($2.8 billion) last year, exceeding pre-pandemic levels by 13% as shoppers kept spending on clothing amid high inflation and as the company expanded in the United States and India. “We capitalised on the end of the (COVID) restrictions …
Mango’s sales hit record as Zara’s rival expands in US, India Read More »
BENGALURU (Reuters) -India’s power ministry on Thursday said it has taken several steps to ensure adequate power availability during the upcoming summer months, in an attempt to allay fears of power cuts due to surging demand in the country. India faces a high risk of nighttime power cuts this summer and in coming years, as …
India taking steps to ensure adequate power supply during summer Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) was possibly buying dollars in spot and paying in forwards via public sector banks on Thursday to mop up foreign currency inflows, three traders told Reuters. The rupee was at 81.90 to the dollar, off the day’s high of 81.7750 and compared with 82.0550 in the …
India central bank likely buying dollars in spot, paying forwards – traders Read More »
MUMBAI (Reuters) – India needs to gear up to manage the inevitable volatility that will emerge in the foreign exchange market as the country progresses further towards internationalisation of the rupee, a deputy governor at the Reserve Bank of India said recently. An international currency is one that is freely available to non-residents, essentially to …
India must prepare to curb volatility risks of int’l rupee-RBI deputy gov Read More »
By Sudarshan Varadhan, Sarita Chaganti Singh and Matthew Chye SINGAPORE/NEW DELHI (Reuters) -India faces a high risk of nighttime power cuts this summer and in coming years, as delays in adding new coal-fired and hydropower capacity could limit the country’s ability to address surging electricity demand when solar energy is not available. A rapid addition …
BENGALURU (Reuters) -Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday. The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Airspan Networks Holdings, which owns Mimosa. Mimosa has …
Reliance Jio to buy U.S.-based Mimosa Networks for $60 million Read More »
(This March 8 story has been corrected to remove incorrect text and graphic on the 1-year and 10-year yield briefly inverting) By Dharamraj Dhutia MUMBAI (Reuters) – India’s 364-day treasury bill cutoff yield rose above that of the benchmark 10-year bond on Wednesday, on weaker-than-expected demand, briefly inverting the yield curve between the securities. The …
India’s 364-day t-bill sells at yield above 10-year bond, inverts curve (March 8) Read More »
(Reuters) – Indian billionaire Gautam Adani and his family have prepaid all borrowings backed by his conglomerate Adani Group’s shares, senior executives told investors at a meeting in London, Bloomberg News reported on Wednesday, citing people who attended the meeting. The investor meeting was part of a worldwide roadshow launched by the conglomerate aimed at …
