By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) -India’s banking system continues to be stable and resilient, and lenders have built sufficient buffers to shield themselves from any unforeseen stress, the governor of the Reserve Bank of India said on Friday, amid the recent turmoil in the sector globally. “We continuously do stress tests. We …
India banking system remains stable, resilient, says cenbank governor Read More »
By Krishn Kaushik and Yukiko Toyoda NEW DELHI/TOKYO (Reuters) – Japan’s Prime Minister Fumio Kishida will on Monday announce a new plan for an open and free Indo-Pacific in New Delhi and seek India’s support to partner with Tokyo to check China’s growing influence across the region. Under the plan, which will be announced during …
Japan’s Kishida to announce new Indo-Pacific plan, seek India’s support Read More »
BENGALURU (Reuters) – India’s Tata Consumer Products Ltd on Friday said it had ceased discussions with packaged water maker Bisleri International about a potential acquisition. Bisleri chairman Ramesh Chauhan had decided to sell the company to Tata Consumer Products for up to 70 billion rupees ($848 million), the Economic Times newspaper reported in November. “The …
India’s Tata Consumer drops acquisition talks with Bisleri Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Friday, tracking the rebound in global equities after authorities took a slew of measures to support the global banking system, whetting risk appetite. The Nifty 50 index closed 0.67% higher at 17,100.05, while the S&P BSE Sensex finished 0.62% higher at 57,989.90. However, both indexes posted …
Indian shares end higher in global rebound, but post weekly losses Read More »
By Sethuraman N R BENGALURU (Reuters) -Tata Consultancy Services (TCS) CEO Rajesh Gopinathan is resigning in an unexpected move to pursue other interests, adding to worries for India’s largest IT services provider amid slowing tech spending and challenges in its key markets. The company named its president and head of global financial services business K …
India’s TCS CEO Gopinathan to exit, president Krithivasan to take over Read More »
MUMBAI (Reuters) – Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country’s deputy IT minister said he had suggested that local banks lend more to them going ahead. California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a run on the lender, which had …
Indian startups have deposits of about $1 billion in SVB, minister says Read More »
By Nimesh Vora and Anushka Trivedi MUMBAI (Reuters) – The ongoing turbulence in the United States and European banking sector may make the Reserve Bank of India more willing to let the rupee weaken below a key psychological level, analysts said on Thursday. The rupee declined to 82.80 to the U.S. dollar on Thursday, its …
BENGALURU (Reuters) -Indian drugmaker Eris Lifesciences Ltd said on Thursday it bought nine dermatology brands from Dr. Reddy’s Laboratories Ltd in a 2.75 billion rupees ($33.2 million) deal to expand its portfolio in cosmetic dermatology. The all-cash deal will be closed on or before March 31, Eris said in a stock exchange filing. Separately, Dr. …
India’s Eris buys nine dermatology brands from Dr. Reddy’s for $33 million Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – India’s top real estate developer DLF will continue to focus on building luxury and premium projects as it finds it difficult to make profits in the popular affordable housing segment, a top company executive told Reuters. DLF said on Wednesday it has sold out its …
India’s DLF to focus on luxury, premium housing after near-$1 billion project sells out Read More »
NEW DELHI (Reuters) – Australia’s David Warner will captain Delhi Capitals in this year’s Indian Premier League (IPL) as Rishabh Pant continues his recovery from a car accident, the team said on Thursday. Pant underwent surgery in January after suffering multiple injuries in a horrific Dec. 30 crash in which his car hit a central …
Cricket-Warner to lead IPL’s Delhi in Pant’s absence Read More »
