By Gopika Gopakumar (Reuters) -Dubai-based bank Emirates NBD is in advanced talks to buy a stake in Indian private lender RBL Bank, two people familiar with the deal told Reuters. The Dubai bank is looking to invest in the lender via a preferential allotment of equity and warrants, one of the people familiar with the …
Emirates NBD in advanced talks for stake in India’s RBL Bank, sources say Read More »
(Reuters) -Power-sports vehicle maker Polaris said on Monday it would separate Indian Motorcycle into a standalone company and sell a majority stake of the business to private equity firm Carolwood LP. Shares of Polaris were up 11% after the bell. The divestiture comes at a time when Polaris is looking to streamline operations as it …
Polaris to separate Indian Motorcycle into standalone company Read More »
By Sherin Elizabeth Varghese and Noel John (Reuters) -Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts, while silver also rose to an all-time high. Spot gold was up 2.2% to $4,106.48 per ounce, as of …
Gold breaks $4,100 to hit high on trade jitters, rate-cut optimism Read More »
By Rishika Sadam and Praveen Paramasivam CHENNAI, India (Reuters) -India’s southern state of Tamil Nadu has cancelled the licences of a cough syrup-maker linked to the deaths of several children over the past month, it said on Monday, as authorities search some of the firm’s sites on suspicion of money-laundering. At least 19 children died …
India’s Tamil Nadu cancels licence of cough syrup-maker linked to child deaths Read More »
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -India’s No.3 software-services exporter HCLTech maintained its annual revenue growth forecast of 3%-5% despite macroeconomic uncertainty, after beating second-quarter revenue estimates on strength in its engineering services segment. Monday’s news came after industry leader Tata Consultancy Services last week also forecast better growth in the back …
India’s HCLTech optimistic after upbeat quarter despite tariff uncertainty Read More »
(Reuters) -India’s net direct tax collections rose more than 6% to 11.9 trillion rupees in the April 1-October 12 period compared with the same period last year, the government said in a statement. On a gross basis the tax collections that include corporate and income tax rose 2.4% year on year to 13.9 trillion rupees …
India’s net direct tax collections rise more than 6% yr/yr in April-October Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Silver is trading at a steep premium in India over global prices, as the world’s biggest consumer of the precious metal grapples with surging demand from millions of investors. The premium has jumped to as much as 10% over global prices, prompting physically backed exchange-traded funds to suspend new subscriptions. …
Explainer-What’s causing the silver shortage in India this festive season? Read More »
By Sethuraman N R (Reuters) -India should cut nuclear project timelines, secure long-term fuel uranium supplies and expand its reprocessing capacity, a government-appointed panel said in its report, which was reviewed by Reuters. India is relaxing rules to end a decades-old state monopoly and a stringent liability provision to free up private participation and attract …
India panel urges faster nuclear approvals, fuel security to meet 100 GW goal Read More »
(Reuters) -India’s annual retail inflation slowed to 1.54% in September, an eight-year low, government data showed on Monday, leaving room for the central bank to cut rates one more time. It was 2.07% in August, and below a Reuters poll of 1.7%. COMMENTARY: RADHIKA RAO, SENIOR ECONOMIST, DBS BANK, SINGAPORE “Headline inflation slipped below the …
India’s retail inflation slows to eight-year low Read More »
By Manoj Kumar NEW DELHI (Reuters) -India and the United States are set to hold trade talks this week, with New Delhi pledging to import U.S. energy and gas as it aims to address Washington’s concerns over its Russian oil purchases, an official said. Talks were suspended briefly in August after the Trump administration announced …
India, US to hold trade talks as New Delhi seeks higher energy imports Read More »
