Reuters India Business

By Gopika Gopakumar and Ira Dugal MUMBAI (Reuters) -India’s central bank is open to allowing Dubai-based lender Emirates NBD to acquire a controlling stake in RBL Bank, two sources said, as the regulator seeks to attract foreign investment and strengthen the country’s mid-sized banks. Indian media and Reuters reported late on Monday that Emirates NBD …

Indian regulator open to Emirates NBD purchasing a stake in RBL Bank, sources say Read More »

By Bharath Rajeswaran (Reuters) -India’s equity benchmarks fell for a second straight session on Tuesday dragged by financial stocks, though they outperformed most Asian peers as U.S.-China trade tensions dampened risk appetite. The Nifty 50 fell 0.32% to 25,145.5, while the BSE Sensex lost 0.36% to 82,029.98. Both benchmarks lost about 0.6% each in two …

Indian shares extend losses as financials retreat; LG India surges on debut Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The rupee was anchored near its record low for much of the session on Tuesday as risk appetite waned amid renewed U.S.-China trade tensions, though likely central bank intervention kept the local unit from dipping past its all-time low. The rupee closed at 88.7975 against the U.S. dollar, down 0.14% …

Weak risk appetite singes rupee but likely intervention averts record low Read More »

BENGALURU (Reuters) -Canara HSBC Life Insurance Company’s $283 million initial public offering (IPO) was fully subscribed on the third day of bidding on Tuesday, driven by robust interest from institutional buyers. The insurer, a joint venture between India’s Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, received bids worth 18.97 billion rupees ($213.7 million) for 178.9 …

India’s Canara HSBC Life IPO fully booked on final day, led by institutional buyers Read More »

By Munsif Vengattil BENGALURU (Reuters) -Google said on Tuesday it would invest $15 billion over five years to set up an artificial intelligence data centre in India’s southern state of Andhra Pradesh, its biggest ever investment in the world’s most populous nation. The U.S. tech giant’s plan comes amid a tense diplomatic standoff between New …

Google to spend $15 billion on AI data centre in biggest India investment Read More »