MUMBAI/SINGAPORE, Sep 23 (IFR/LPC) – JSW Steel is looking to increase the local currency component in its borrowing mix to meet a Rs150bn (US$1.88bn) capex target by the end of March as the offshore bond market remains challenging and expensive. The Indian steelmaker also wants to improve its ESG performance and expects to obtain a …
NEW DELHI (Reuters) – The Indian government on Friday advised its nationals in Canada to exercise caution citing “incidents of hate crimes, sectarian violence and anti-India activities in Canada.” (Reporting by Tanvi Mehta; Editing by Raissa Kasolowsky)
GURUGRAM, India (Reuters) – Authorities in a suburb of the Indian capital where many companies have offices and executives have their homes, ordered schools to close and urged residents to work from home on Friday after heavy rain brought widespread flooding. Television news and social media platforms broadcast pictures of submerged vehicles on the flooded …
Heavy rain in India brings floods to business district near capital Read More »
BENGALURU (Reuters) -Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules. Pasadena, California-based Caelux is involved in research and development of perovskite-based solar technology that could see high …
India’s Reliance unit to buy 20% stake in Caelux in renewable energy push Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is tipped to extend its decline to a new record low on Friday, on the back of Treasury yields climbing to fresh multi-year highs and dollar demand from importers. The rupee is expected to open at around 81 per U.S. dollar, down from 80.86 in the …
Rupee may fall to near 81 per dollar on surging U.S. yields, importer hedging Read More »
By Krishna N. Das NEW DELHI (Reuters) – India told the U.N. Security Council on Thursday that the trajectory of the Ukraine conflict was very concerning and that the outlook was more so, as New Delhi sharpened its calls for peace. As long-term trade and defence partners, India and Russia have sided with each other …
India says Ukraine conflict trajectory, outlook very concerning Read More »
BENGALURU (Reuters) -The Reserve Bank of India on Thursday directed Mahindra and Mahindra Financial Services (MMFSL) to stop using third-party services for loan recovery until further orders, citing “material supervisory concerns”. RBI’s action comes days after reports of a 27-year-old pregnant woman being crushed to death trying to stop a loan recovery agent, working on …
RBI orders Mahindra’s lending arm to cease loan recovery via third parties Read More »
By Aditi Shah, Sumeet Chatterjee and M. Sriram NEW DELHI/HONG KONG (Reuters) – Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge of the matter told Reuters. Mahindra is in early …
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi will visit Japan on Sept. 27 to attend the state funeral of former Japanese Prime Minister Shinzo Abe, the Indian government said on Thursday. Modi will also separately meet Japanese Prime Minister Fumio Kishida, the statement added. Abe, the longest-serving leader of modern Japan, was gunned down …
India PM Modi to visit Japan for state funeral of Shinzo Abe Read More »
BENGALURU (Reuters) – SoftBank Group Corp is looking to trim IPO-bound Indian hotelier Oyo’s valuation by about 20% to $2.7 billion, according to Bloomberg News. SoftBank declined to comment, while Oyo said the news on the valuation cut was speculative and incorrect. “We are confident that the above speculations about valuation markdown is patently incorrect …
SoftBank to slash valuation of India’s Oyo by 20% – Bloomberg News Read More »
