By Nimesh Vora MUMBAI (Reuters) – The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank’s intervention helped negate the incessant dollar demand from importers. The rupee ended at 83.9825 to the U.S. dollar compared to 83.9650 in the previous session. Intraday …
Rupee ends nearly flat as cenbank absorbs importers’ dollar demand Read More »
BENGALURU (Reuters) -Online travel agency Easy Trip Planners said on Thursday it will invest 2 billion rupees ($23.8 million) to manufacture electric buses in India, sending its shares up as much as 14%. The investment will be made over two to three years for the setting up a manufacturing plant, research and product development, the company, which operates the …
India’s Easy Trip Planners to make electric buses; shares jump Read More »
BENGALURU (Reuters) -India’s Reliance Industries, the country’s most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital. The board recommended an increase in authorized share capital to 500 billion rupees ($5.96 billion) from 150 billion rupees. This is the oil-to-chemicals conglomerate’s first bonus issue since …
India’s Reliance Industries approves bonus share issue in 1:1 ratio Read More »
BENGALURU (Reuters) -India’s Adani Group is in talks with more than 10 global banks to raise at least $1.5 billion through dollar bond sales, Bloomberg News reported on Thursday, citing people familiar with the plans. The bonds would be issued mainly under Adani Green Energy and Adani Energy Solutions, the group’s renewable energy and power …
India’s Adani Group to raise at least $1.5 billion via dollar bonds, says Bloomberg News Read More »
MOSCOW (Reuters) – An Air India Boeing 787-800 passenger plane en route from India to Britain made a precautionary landing in Moscow on Wednesday due to “technical problems”, Sheremetyevo Airport said. The plane, en route from New Delhi to Birmingham, landed safely without any injuries to all 258 passengers and 17 crew members. The scheduled …
UK-bound Air India plane makes emergency landing in Moscow Read More »
BENGALURU (Reuters) -Reliance Industries has won a bid under an incentives program which supports EV battery production, a statement from the Indian government said on Wednesday. Earlier this year, seven companies submitted bids to set up local manufacturing units for the production of advanced chemistry cells, or ACCs, under the government’s production-linked incentive (PLI) scheme. …
India’s Reliance wins bid for govt incentives to make EV batteries Read More »
MUMBAI (Reuters) -Netflix said on Tuesday it will add new disclaimers to an Indian series about a plane hijack after social media outrage and government anger over what they said was Muslim hijackers being shown as Hindus. The series, called “IC-814: The Kandahar Hijack,” a fictionalised version of the 1999 hijacking of Indian Airlines flight …
Netflix will add disclaimers to Indian hijack drama after outrage over Hindu names Read More »
SINGAPORE (Reuters) – Indian Prime Minister Narendra Modi will meet with Singapore counterpart Lawrence Wong during a two-day visit to the city-state starting on Wednesday, Singapore’s government said. Modi will also meet Singapore President Tharman Shanmugaratnam and former Prime Ministers Lee Hsien Loong and Goh Chok Tong during the trip, his fifth to Singapore and …
Indian PM Modi to start 2-day Singapore visit on Wednesday Read More »
BENGALURU (Reuters) – India’s AU Small Finance Bank has sought approval for a universal bank license from the country’s central bank, the lender said on Tuesday. In April, the Reserve Bank of India released a set of criteria that small lenders needed to meet to become universal banks. The criteria included a five-year track record …
India’s AU Small Finance Bank seeks cenbank nod for universal bank license Read More »
NEW DELHI (Reuters) – India’s defence acquisition council approved on Tuesday 10 proposals worth 1.45 trillion rupees ($17.3 billion) to buy military assets including combat vehicles, aircraft and patrol vessels. The government said in a statement that 99% of the acquisitions will be from domestic sources. ($1 = 83.9370 Indian rupees) (Reporting by Shivam Patel)
