By Scott Murdoch and Rodrigo Campos (Reuters) -Index provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two of India’s Adani Group companies, Adani Total Gas and Adani Transmission, to the May benchmark review. The reversal of the updates to Adani Total Gas and Adani Transmission in the February index …
MSCI delays index weighting changes for two Adani companies Read More »
By Aditi Shah NEW DELHI (Reuters) – India’s Akasa Air will place a “substantially” large order for new narrowbody jets this year, as the start-up budget airline looks to capitalise on booming demand at home and begin international flights, its chief executive told Reuters. The 200-day-old airline currently flies 17 Boeing 737 MAX planes out …
India’s Akasa to place large plane order in 2023, eyes international growth Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s Housing Development Finance Corp raised its target of 250 billion rupees ($3.03 billion) in the country’s largest privately placed corporate bond issue on Thursday, merchant bankers said. “The participation was from across investor categories, LIC (Life Insurance Corp) being one of the largest ones, along with other insurance …
India’s HDFC raises $3 billion in largest-ever local bond issue-bankers Read More »
BENGALURU (Reuters) – Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record order for 470 jets. “The order comprises of 470 firm aircraft, 370 options and purchase rights …
Air India has options to buy 370 more jets after mammoth order-exec Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s January gold imports plunged 76% from a year earlier to a 32-month low on subdued demand after domestic prices rallied to record highs and as jewellers postponed purchases, hoping for a reduction in import duty, a government source said. Lower imports by the world’s second-biggest bullion consumer could …
India’s Jan gold imports plunge 76% to 32-month low Read More »
CHENNAI (Reuters) -Nestle India reported a near 66% increase in quarterly profit on Thursday, benefiting from price increases and strong demand for its chocolates and packaged foods in urban areas. The Maggi noodles maker’s profit rose to 6.28 billion rupees ($75.98 million) for the fourth quarter ended Dec. 31, from 3.79 billion rupees in the …
Nestle’s India unit reports profit jump on price hikes, urban demand Read More »
(Reuters) -Singapore Telecommunications on Thursday posted a more than 18% jump in third-quarter underlying profit, driven by the strong performance of associate Bharti Airtel. All segments of SingTel’s business benefited from a sustained recovery in international travel, driving up the roaming revenue and the number of prepaid customers. Bharti Airtel, India’s No.2 telecom carrier by …
SingTel Q3 underlying profit rises on Airtel’s upbeat earnings Read More »
BENGALURU (Reuters) -Indian shares advanced on Thursday, led by information technology stocks after the latest U.S. retail sales data signalled strength in the world’s biggest economy, while a return of foreign buying in domestic equities helped sentiment.The Nifty 50 index was up 0.60% at 18,124.00 as of 11:04 a.m. IST, while the S&P BSE Sensex …
IT stocks power Indian shares after strong U.S. retail data Read More »
BENGALURU (Reuters) – Singaporean sovereign fund Temasek Holdings is in advanced talks to buy a minority stake in Cloudnine Hospitals, valuing the Indian hospital chain at 30 billion rupees ($362.7 million), the Economic Times reported on Thursday. Temasek is likely to invest around 5 billion rupees for a 15%-20% stake in the maternity, gynaecology, and …
Singapore’s Temasek in talks to buy stake in India’s Cloudnine hospital chain – ET Read More »
By Aftab Ahmed and Christian Kraemer NEW DELHI (Reuters) – G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia’s invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown. The Feb. 22-25 meeting in the Nandi Hills summer …
Debt in focus as G20 finance chiefs meet in India Read More »
