MUMBAI (Reuters) – The Indian government is likely to set a conservative target for the funds it can raise through the disinvestment of state enterprises in fiscal 2024 after mop-up fell short this year, analysts said. “We pencil in divestment receipts of 350 billion Indian rupees ($4.30 billion) in 2022/23…For 2023/24, we factor in divestments …
India may moderate divestment target for FY24 – analysts Read More »
MUMBAI (Reuters) – India’s Bank of Maharashtra plans to raise funds through certificates of deposit maturing in three months, three merchant bankers said on Thursday. The state-run lender will offer a yield of 7.30% on this issue and has received commitments worth 10 billion rupees ($122.96 million), the bankers said. The notes are rated A1+ …
Bank of Maharashtra to issue 3-month CD – traders Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) offloaded Indian equities worth 150.68 billion rupees ($1.85 billion) in the first half of January, the most since the end of September 2022, data from National Securities Depository Ltd. showed. (Graphic: FPIs’ selloff in Indian shares rises to most in three months, https://www.reuters.com/graphics/FPI-SELLOFFJ1/SELLOFFJ1-FPI/dwpkdaqjmvm/chart.png) The selling …
FPI selling in Indian equities hits over 3-mth highs on rich valuations, China reopen Read More »
By Seher Dareen (Reuters) – Gold prices turned negative on Wednesday, erasing gains made on weak U.S. economic data yet staying above the $1,900 level, as key members of the Federal Reserve signaled their intent to keep pushing interest rates higher to combat inflation. The dollar pared losses from near multi-month lows and held steady, …
Gold nudges lower as Fed members bat for higher interest rates Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. 10-year Treasury yields slipped to a four-month low and the U.S. dollar index declined on Wednesday as data showed U.S. retail sales fell more than expected in December, while the yen was little changed in the wake of the Bank of Japan’s decision to maintain ultra-low interest rates. …
Treasury yields, dollar fall after U.S. data; yen flat in wake of BOJ Read More »
By Rama Venkat BENGALURU (Reuters) – Indian stocks on Wednesday closed at their highest levels in over two weeks, lifted by metals and financials, while foreign investors buying domestic stocks further boosted sentiment. The Nifty 50 index closed 0.62% higher at 18,165.35, while the S&P BSE Sensex rose 0.64% to 61,045.74, extending gains for the …
Indian shares hit two-week highs boosted by metals, financials Read More »
MUMBAI (Reuters) – India’s Shree Cement plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said. The notes are rated A1+ by CRISIL. …
BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between Dec. 8, 2022 and Jan. 12, 2023 over a possible defect in its airbag controllers. The recall is to inspect and replace the affected part of the airbag controller, which could, in rare situations, not deploy the …
India’s Maruti Suzuki to recall 17,362 vehicles on possible airbag controller defect Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting …
By Neil Marks GEORGETOWN (Reuters) – Guyana expects to soon receive a proposal from India for long-term purchases of the South American country’s oil, President Irfaan Ali said on Tuesday, a new attempt to reach a government-to-government deal potentially leading to better sale terms for Guyana. Guyana’s government is entitled to a share of crude …
Guyana expects proposal from India for long-term crude purchases Read More »
