Reuters India Business

By M. Sriram MUMBAI (Reuters) – Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in a private letter. It is the second such setback for Digit’s listing ambitions. The company, last valued …

India’s Digit Insurance to revamp $440 million IPO again after regulator concerns Read More »

(Reuters) – India’s Adani Group is planning to hire one of the “big six” accounting firms to assess its corporate governance and audit practices following allegations of fraud by short-selling firm Hindenburg, Mint newspaper reported on Monday. The audit will be commissioned after the group’s unit, Adani Enterprises Ltd, completes a follow-on public offering, and …

India’s Adani Group plans independent audit of group companies- Mint Read More »

By Seher Dareen (Reuters) – Gold prices edged down slightly in choppy trade on Monday as investors looked ahead to the U.S. Federal Reserve policy meeting this week amid expectations of a slowdown in rate hikes. Spot gold inched 0.2% lower to $1,924.05 per ounce by 1:40 p.m. ET (1840 GMT). U.S. gold futures settled …

Gold treads water as spotlight shifts to U.S. Fed meeting Read More »

By Isla Binnie NEW YORK (Reuters) – An advocacy group focused on the impact of debt markets on climate change called on Monday for major bond investors to shun India’s Adani Group, saying a critical report by a short-seller had undermined confidence in the company’s governance. U.S. firm Hindenburg Research prompted a multi-billion-dollar sell-off in …

Campaigners urge bond investors to shun Adani Group on green concerns Read More »

(Reuters) – Indian bourse National Stock Exchange of India (NSE) has revised the circuit limits on Adani Transmission Ltd, Adani Total Gas Ltd and Adani Green Energy Ltd to 10% from 20%, according to data on its website on Monday. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Sriraj Kalluvila)

MUMBAI (Reuters) -India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source. The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be …

Exclusive-India economic survey likely to peg 2023-24 growth at slowest in three years – source Read More »

By Leroy Leo (Reuters) – French drugmaker Sanofi SA is reviewing operations at two of its vaccine making facilities in India and plans to let go of all employees at the plants, the company told Reuters, after it failed to win a UNICEF contract. The drugmaker is offering voluntary retirement scheme (VRS) to all its …

Sanofi to let go of staff at vaccine plants in India as part of review Read More »