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SINGAPORE (Reuters) -India’s Adani group of companies, which in recent weeks has seen a brutal selloff in its bonds and shares after being targetted by a U.S. short-seller, is still eligible for inclusion in JPMorgan’s influential bond indexes, the bank said in a note. Adani, whose business interest includes ports, power generation and transmission, and …

India’s Adani still eligible to be part of influential JPMorgan bond indexes Read More »

BENGALURU (Reuters) – India’s Tata Steel on Monday reported a quarterly loss from a profit a year ago, hurt by a sharp fall in global steel prices and lower demand amid fears of a likely economic slowdown. The steelmaker’s consolidated loss was at 25.02 billion Indian rupees ($302.71 million) for the three months to Dec. …

India’s Tata Steel reports Q3 loss as soft demand weighs Read More »

BENGALURU (Reuters) – Muthoot Finance Ltd reported a third-quarter profit on Monday that beat analysts’ estimates, as higher gold prices boosted demand during the festive season. The gold financing company reported a profit of 9.02 billion rupees ($109.14 million) for the three months ended Dec. 31, down from 10.29 billion rupees a year earlier hit by lower …

India’s Muthoot Finance Q3 profit beats on higher gold prices Read More »

MUMBAI (Reuters) – Issuers of green debt securities will have to appoint a third-party reviewer or certifier for the post-issue management of proceeds starting April, India’s markets regulator said on Monday. The third-party reviewer will also verify internal tracking and impact-reporting of these debt securities, the Securities Exchange Board of India (SEBI) said in a …

India’s markets regulator asks green debt issuers to appoint third-party reviewer Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator has written to various custodian banks asking for details on beneficial owners of offshore funds and foreign portfolio investors (FPIs), two sources directly aware of the matter said on Monday. While not unprecedented, the move comes after a scathing attack by U.S. short-seller Hindenburg Research on …

India markets regulator seeks beneficial ownership details of foreign investors -sources Read More »

By Nidhi Verma BENGALURU (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move and added that credit should be given to the OPEC+ alliance for its constructive role in supporting global market stability. “Due recognition should be given for our constructive …

OPEC+ should get ‘due recognition’ for constructive role – OPEC Sec Gen Read More »

BENGALURU (Reuters) – Shares of India’s Paytm rose as much as 7.4% on Monday, in their biggest intraday jump in nearly two months after the fintech company unexpectedly posted its first-ever quarterly operating profit as a listed firm. Paytm posted earnings before interest, taxes, depreciation, and amortization, or EBITDA, of 310 million rupees ($3.8 million) …

India’s Paytm jumps over 7% on ahead-of-schedule operating profit Read More »