By Bharath Rajeswaran BENGALURU (Reuters) -Information technology (IT) stocks helped India’s benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment. The Nifty 50 rose as much as 0.72% to hit a high of 19,108.20, while the S&P BSE Sensex …
IT powers rise in India’s Nifty 50, Sensex to new record highs Read More »
By M. Sriram PUNE, India (Reuters) -In Pune city, Indira IVF is teeming with patients ready to spend $1,300 on fertility treatments that few government hospitals offer, reflecting the huge demand for private health care sweeping India, fueled partly by the scary pandemic experience. Spotting the trend, global investors are scouting the Indian market, and …
Indian hospitals set investors’ pulses racing in post-COVID boom Read More »
GUWAHATI, India (Reuters) – Indian opposition leader Rahul Gandhi was stopped by local police on Thursday and teargas fired near his convoy when the 53-year old scion of the Congress party was on his way to visit the violence-hit northeastern Manipur state. At least 80 people have been killed and more than 40,000 have fled …
Rahul Gandhi’s convoy stopped by Indian police in Manipur, teargas fired Read More »
BENGALURU (Reuters) – Indian private lender ICICI Bank said on Thursday it will delist its broking arm ICICI Securities in a shareswap deal worth about 51 billion rupees ($621.8 million). The deal will end ICICI Securities’ five-year run as a separately listed company which, as of last week, had seen its stock float barely above …
ICICI Bank to delist broking arm in $622 million shareswap deal Read More »
AHMEDABAD (Reuters) – U.S. memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country. Micron said last week it will invest up to $825 million in the facility. With support from the Indian central government and the state …
Micron signs preliminary agreement for India chip facility Read More »
By Shivangi Acharya NEW DELHI (Reuters) – The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India’s Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the …
Indian govt meets Foxconn, Samsung, Reliance to improve PLI scheme Read More »
By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian insurers are awaiting clarity on how Housing Development Finance Corp’s bonds will be categorised after the lender is folded into HDFC Bank, as they assess the impact of the merger on their debt portfolios. There is uncertainty whether HDFC’s bonds will be classified under housing …
BENGALURU (Reuters) -State-owned oil marketing company Bharat Petroleum said on Wednesday it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis underscoring India’s push to achieve net zero-emissions goals. The details of the issue, including the price, right entitlement and timing will be intimated separately …
India’s Bharat Petroleum to raise $2.19 billion in green energy push Read More »
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) – Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India …
Analysis-India’s aerospace suppliers see upside in parts-making from record jet orders Read More »
(Reuters) -Goldman Sachs Chief Executive Officer David Solomon said India now had a very high growth trajectory, with a predicted growth of 6-7% over the next three years, the Economic Times reported on Wednesday. Global CEOs are thinking about India as a big growth opportunity while recognizing some of the challenges with investing in the …
Goldman CEO says India has high growth trajectory – ET Read More »
