By Nupur Anand and Chris Thomas MUMBAI (Reuters) -Life Insurance Corp’s (LIC) $2.7 billion IPO, India’s largest public issue, was subscribed 67% on the first day of bidding, even as a surprise rate hike by the central bank roiled markets. Investors bid for 108.7 million shares on Wednesday, compared with the total 162.1 million shares …
India’s $2.7 billion LIC IPO subscribed 67% on first day Read More »
By Aditya Kalra NEW DELHI (Reuters) – Alphabet Inc’s Google has hired a new public policy head in India, Archana Gulati, who previously worked at Prime Minister Narendra Modi’s federal think-tank and the country’s antitrust watchdog, a source with direct knowledge of the matter told Reuters. A number of Indian government officials have been hired …
Google picks former Modi think-tank official as India policy head -source Read More »
By Swati Bhat and Nupur Anand MUMBAI (Reuters) -India’s central bank raised its main lending rate off record lows in a surprise move on Wednesday to contain rising inflation, shocking markets and pushing the benchmark 10-year bond yield to its highest levels in three years. The Reserve Bank of India raised the repo rate – …
India raises rates at surprise monetary policy meeting, bond yields jump Read More »
BENGALURU (Reuters) -Indian shares plunged, bond yields jumped and the rupee strengthened on Wednesday after the country’s central bank announced a surprise increase in its key policy rate to tame inflation, putting an end to ultra-loose monetary policy era. The Reserve Bank of India’s monetary policy committee, in an off-cycle meeting, raised the key lending …
Indian shares tumble, bond yields jump after cenbank’s surprise rate hike Read More »
MUMBAI (Reuters) – For Gujarat Titans captain Hardik Pandya, Tuesday’s defeat by Punjab Kings in the Indian Premier League will go down as a batting experiment gone wrong. After Pandya chose to bat, Punjab restricted table-toppers Gujarat to 143-8 and then chased down the target with four overs to spare for an eight-wicket victory. With …
Cricket-Pandya shrugs off Gujarat’s IPL loss as batting experiment Read More »
By Krishna N. Das NEW DELHI (Reuters) – India registered about 475,000 more total deaths in 2020 than the previous year, government data released months ahead of schedule on Tuesday showed, as the World Health Organization readies its estimates of excess COVID-19 deaths whose methodology New Delhi has opposed. Some experts estimate India’s actual COVID …
India releases 2020 death data ahead of WHO COVID mortality study it objects Read More »
(Reuters) – Liam Livingstone smashed the biggest six in the Indian Premier League this season, a 117-metre effort, as his late cameo allowed the Punjab Kings to seal an eight-wicket win over leaders Gujarat Titans with four overs to spare on Tuesday. Livingstone plundered 28 runs off the 16th over against Mohammad Shami, smashing three …
Cricket-Livingstone fireworks keep Punjab’s IPL playoff hopes alive Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – India fell short of domestic coal supply targets to utilities by 7.6% in April, as output from mines owned by companies for self-use were 33% lower than required and a shortage of trains for delivery further exacerbated a crippling power crisis. India faced its worst power crisis in …
India falls 7.6% short of coal supply targets to utilities in April Read More »
By Nupur Anand MUMBAI (Reuters) – The IPO of Life Insurance Corporation (LIC), India’s biggest insurer, has got off to a strong start, with 59.3 million shares that were set aside for anchor investors being subscribed at 949 rupees apiece, according to an exchange filing on Tuesday. The Indian government has said it expects to …
Over 59 million shares reserved for anchor investors in LIC IPO Read More »
MUMBAI (Reuters) – Chennai Super Kings skipper Mahendra Singh Dhoni expects Ravindra Jadeja, freed from the burden of the captaincy, to make a bigger contribution for them, especially by fixing their sloppy catching in the Indian Premier League (IPL). Dhoni led Chennai to their fourth IPL title last year but stepped down before the beginning …
Cricket-Dhoni expects liberated Jadeja to fix Chennai’s catching woes Read More »
