BENGALURU (Reuters) -The Reserve Bank of India said on Friday it had imposed a penalty of 30.7 million rupees ($374,770) on Amazon Pay Private Ltd for non-compliance with directions on prepaid payment instruments and Know Your Customer (KYC) rules. “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon …
India cenbank imposes penalty on Amazon Pay for non-compliance Read More »
By Scott Murdoch, Nandan Mandayam and Yousef Saba SYDNEY/BENGALURU (Reuters) -Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group’s ability to attract funding, while the conglomerate lined up more road shows to shore up investor confidence. The stake purchase by the boutique …
Adani shares surge after $1.87 billion GQG investment; more road shows lined up Read More »
By Rajendra Jadhav NIWAI, India (Reuters) – A heatwave in northern and central India at a time the crop is ripening is threatening to damage grains and dent the country’s wheat production for the second straight year. The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world’s …
India’s wheat output dented by heatwave, could limit government stock building Read More »
By Lewis Jackson SYDNEY (Reuters) -An Australian pension fund client of GQG Partners has asked the U.S. boutique investment firm for more information about its nearly $1.9 billion investment in the embattled Indian Adani group. GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian …
Australian pension fund client queries GQG about Adani investment Read More »
NEW DELHI (Reuters) – Indian mills have produced 25.8 million tonnes of sugar since the current season began on Oct. 1, up 1.8% year on year, the Indian Sugar Mills Association said on Friday. (Reporting by Mayank Bhardwaj; Editing by Himani Sarkar)
DUBAI (Reuters) – India’s Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters, as the conglomerate tries to muster up confidence drained by a U.S. short-seller report. Adani group management, including group Chief Financial Officer Jugeshinder Singh, will …
India’s Adani to hold fixed-income road shows in London, Dubai, US Read More »
By Lawrence Delevingne and Marc Jones (Reuters) -Global stock markets gained on Thursday, reversing earlier losses, as investors weighed indicators of economic strength with rising bond market costs and expectations of more global interest rate hikes. After initially sagging, European shares rose 0.5%as euro zone inflation numbers justified what is widely expected to be another …
Wall St stocks, dollar power higher despite rate fears Read More »
By Navamya Ganesh Acharya and Chris Thomas BENGALURU (Reuters) -U.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller’s critical report sparked a stock rout. Seven listed Adani companies have lost some $135 billion in market …
India’s Adani group gets $1.87 billion investment from U.S. firm GQG Read More »
By Jayshree P Upadhyay (Reuters) – A lobby representing foreign portfolio investors will approach India’s markets regulator seeking a review of recently tightened requirements for beneficial owners of offshore funds, according to two sources. Concerns surfaced over offshore investments in Adani Group companies in January prompting a directive from the Securities and Exchange Board of …
Foreign investors to seek review of enhanced Indian rules after Adani rout -sources Read More »
By Siddhi Nayak MUMBAI (Reuters) – State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 13, which was put in place by the central bank as a part of the lender’s restructuring, two sources told Reuters. SBI, India’s largest bank, does not want to …
India’s SBI may look to cut Yes Bank stake once lock-in ends -sources Read More »
