MUMBAI (Reuters) – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed with high-end brands. Reliance Brands Ltd (RBL), a unit of the conglomerate that also runs India’s biggest retail chain, said in a …
India’s Reliance signs franchise deal with fashion house Balenciaga Read More »
By Nupur Anand MUMBAI (Reuters) -Two years after India’s central bank had to step in to take control of Yes Bank to calm panicky depositors and stem systemic risk, the lender is aiming to expand its loan book and acquire smaller rivals to revive its business, Chief Executive Prashant Kumar said. The expansion plan of …
India’s Yes Bank charts growth roadmap after $1 billion capital raising Read More »
BENGALURU (Reuters) – Adani Enterprises said on Thursday its unit will acquire Macquarie Asia Infrastructure Fund’s India toll roads in Andhra Pradesh and Gujarat for 31.10 billion rupees ($391.89 million). (Reporting by Anuran Sadhu in Bengaluru; Editing by Shinjini Ganguli)
By Aditi Shah NEW DELHI (Reuters) – India will allow SpiceJet Ltd to reinstate flights in a “graded manner” once the airline shows it has sufficient engineering strength and the financial ability to stock up on spares, the country’s air safety watchdog told Reuters. Last week, in an unprecedented move, India slashed SpiceJet’s approved departures …
SpiceJet flights to be reinstated gradually – India aviation watchdog Read More »
By Anushka Trivedi (Reuters) – The rupee was near its record low on Thursday as traders took to the sidelines ahead of the Reserve Bank of India’s monetary policy decision. The partially convertible rupee eased 0.4% to 79.4650 per dollar, having tumbled to 79.8075 earlier in the day, its lowest level in a week. It …
Indian rupee near record low ahead of RBI decision Read More »
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – Indian government bond yields fell on Thursday, with the 10-year benchmark yield ending at its lowest level in three months, after a media report quoting unnamed banking sources said the Reserve Bank of India (RBI) might pause and be guided by data after Friday’s policy decision. The media …
India bond yields ease on report of pause in rates after Friday’s decision Read More »
MUMBAI (Reuters) – India’s Aditya Birla Housing Finance plans to raise funds selling commercial papers maturing in three months, three merchant bankers said on Thursday. The non-banking finance company will pay a coupon of 5.86% on this issue and it has received commitments worth around two billion rupees ($25.21 million), the bankers said. The notes …
India’s Aditya Birla Housing Finance to issue 3-month CP – traders Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may decline to a new lifetime low versus the U.S. dollar if the Reserve Bank of India on Friday decides to opt for a smaller rate hike, a trader said. The RBI is widely expected to raise the repo rate as it continues its battle to …
Indian rupee could hit record low if RBI does smaller hike – traders Read More »
MUMBAI (Reuters) – Indian government bond yields dropped on Thursday, with the 10-year benchmark yield down nine basis points after a media report quoting unnamed banking sources said the Reserve Bank of India (RBI) might pause and be guided by data after Friday’s policy decision. The media report did not identify the banking sources. India’s …
India’s 10-year bond yield drops on report of rate pause after Friday’s decision Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – The International Cricket Council (ICC) will make a presentation to the Los Angeles Olympics organisers later this month in its bid for the sport to return to the Games after a gap of 128 years, sources told Reuters. Cricket has been shortlisted for potential inclusion at the 2028 …
Olympics-Cricket to make case for 2028 LA Games this month Read More »
