By David Lawder, Kanishka Singh and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday rejected the idea of a near-term capital increase for the World Bank and said she expected U.S. nominee Ajay Banga to win election as the bank’s next leader, with no challengers emerging as the nomination period closed. …
(Reuters) – Twitter has blocked the Pakistan government’s account from being viewed in India in response to a legal demand, according to a notice on the social media platform on Thursday. The company’s guidelines compel it to withhold entire accounts in response to a valid legal demand, such as a court order. The account, @GovtofPakistan, …
Twitter blocks Pakistan govt’s account for viewing in India – notice Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices slipped on Wednesday as upbeat equities and a stronger dollar weighed, but declines in safe-haven bullion have been fairly contained so far, signalling lingering worries about the banking sector. Spot gold was trading 0.3% lower at $1,967.29 per ounce by 2:11 p.m. EDT (1811 GMT). U.S. gold …
Gold drops as higher equities, stronger dollar weigh Read More »
BENGALURU (Reuters) – Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal on Wednesday that they have settled a dispute over a loan default, paving the way for the media company’s merger with a local unit of Sony. IndusInd started bankruptcy proceedings against Zee Entertainment late last month over a default of …
India’s Zee Entertainment, IndusInd Bank settle loan default dispute Read More »
By Nikunj Ohri (Reuters) -India’s federal government plans to borrow 8.8 trillion rupees ($107.08 billion) – slightly above expectations – via bonds from the market in the first six months of the fiscal year starting April 1. The planned April-September borrowing constitutes about 57.6% of the total 15.43 trillion rupees planned for the current fiscal …
India’s April-September borrowing slightly above market expectations Read More »
(Reuters) – A close ally of Russian President Vladimir Putin met Indian Prime Minister Narendra Modi in New Delhi on Wednesday to discuss the two countries’ “mutual interests”, Russian news agencies reported. Nikolai Patrushev, secretary of Russia’s influential Security Council, was in India for a meeting of the Shanghai Cooperation Organisation, a regional group which …
By Jayshree P Upadhyay (Reuters) – India’s market regulator on Wednesday agreed to give more power to shareholders and asked large corporations to make clearer disclosures to stock exchanges on market-moving events. The Securities and Exchange Board of India (SEBI) also gave retail investors greater control over the money they invest by ensuring that funds …
India markets regulator clears reforms giving more say to investors Read More »
BENGALURU (Reuters) – Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees ($1.46 billion) in one or two tranches, through the issue of bonds. The lender said it would raise up to 70 billion rupees from the issue of Additional Tier 1 (AT1) bonds and the remaining …
India’s Punjab National Bank to raise $1.5 billion via bonds Read More »
By Jayshree P Upadhyay (Reuters) -India’s markets regulator on Wednesday decided to tweak rules governing its 39.46 trillion rupees ($480.52 billion) mutual fund industry, allowing private equity firms to back Asset Management Companies(AMCs). The Securities and Exchange Board of India (SEBI) said a private equity firm or its manager should have at least five years …
India markets regulator allows private equity firms to own mutual fund companies Read More »
MUMBAI (Reuters) – India’s markets regulator on Wednesday asked that the top 100 companies listed on its stock exchanges confirm or deny market rumors that impact share prices, in a bid to bring more transparency and ensure timely disclosure of “material events”. The requirement will kick in from Oct.1, 2023 for top 100 companies by …
