By Rama Venkat BENGALURU (Reuters) -Indian shares extended their early gains on Monday to rise more than 1%, aided by a broad risk-on sentiment in the region after U.S. data hinted at less aggressive rate hikes. Meanwhile, investors turned their focus to corporate health as the domestic earnings season kicked off. The Nifty 50 index …
Indian shares advance tracking Asia; Q3 results in focus Read More »
MUMBAI (Reuters) – Indian government bond yields are expected to open lower on Monday, tracking a fall in U.S. peers last week after weak economic data in the world’s largest economy. The benchmark 10-year yield is likely to move in a 7.33%-7.37% range, a trader with a private bank said. The yield ended at 7.3736% …
Bond yields seen lower tracking fall in U.S. peers Read More »
By Aditi Shah and Gilles Guillaume NEW DELHI/PARIS (Reuters) -Renault is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing review told Reuters, as part of a renewed push into a market where EV adoption is expected to grow quickly from a small base. The study by Renault underscores …
Renault considers making mass-market EVs in India -sources Read More »
NEW DELHI (Reuters) – Paytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, has received India’s central bank’s approval to name Surinder Chawla as its new chief executive, a statement said. Last year, India’s central bank barred Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems, …
India’s Paytm bank gets central bank nod to name new CEO Read More »
NEW DELHI (Reuters) – Air India has issued show cause notice and de-rostered one pilot and four cabin crew as it investigates the handling of an unruly passenger on a flight from New York to Delhi in November, the airline’s chief executive office said on Saturday. The Tata group-owned airline has faced criticism from India’s …
Air India grounds crew over handling of unruly passenger on flight Read More »
NEW DELHI (Reuters) -The Indian government has received multiple bids for a majority stake in IDBI Bank, an official said in a tweet on Saturday, after the deadline for expressions of interest closed earlier in the day. The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender, …
Indian government gets bids for majority stake in IDBI bank Read More »
By Seher Dareen (Reuters) – Gold prices shot up over 1% on Friday to seven-month highs as Treasury yields and the dollar fell after U.S. economic data cemented expectations of a less-hawkish Fed, setting the metal on track for its third consecutive weekly rise. Spot gold jumped 1.9% to $1,867.18 per ounce by 1:43 p.m. …
Gold jumps to highest since June on suggestions of less-hawkish Fed path Read More »
BENGALURU (Reuters) -A stake for sale in state-backed electricity trader PTC India Ltd is attracting initial interest from potential suitors including Asia’s richest man Gautam Adani, Bloomberg News reported, citing people familiar with the development. Adani is among possible bidders reviewing preliminary information on the business, while other Indian conglomerates are also evaluating whether to …
Adani eyes stake in state-backed power trader PTC India – Bloomberg News Read More »
By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) – India’s government expects economic growth to slow in the financial year ending March, as pandemic-related distortions ease and pent-up demand for goods levels out going into 2023. Gross domestic product (GDP) will likely rise 7% this fiscal year, compared with 8.7% the previous year, the …
Indian economic growth to slow to 7% in 2022/23, govt forecasts Read More »
CHENNAI (Reuters) -Dabur India Ltd’s operating margin for the third quarter could shrink due to currency fluctuations and inflation in its international business, the consumer goods maker said on Friday, even as it forecast an overall improvement in revenue. The company, which earns a quarter of its revenue from overseas markets, said declines in Turkish …
Dabur India warns of margin hit on currency woes, inflation Read More »
