By Shivam Patel NEW DELHI (Reuters) – As Hindu devotees prepare to inaugurate a grand temple to one of their holiest deities, India’s minority Muslims plan to begin building a new mosque in the same city later this year, hoping to make a fresh start after a bloody, decades-long dispute. Haji Arfat Shaikh, the head …
New mosque construction in India’s Ayodhya to begin in May, Muslim group says Read More »
MUMBAI (Reuters) – India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, the finance ministry said on Saturday. In the federal budget for 2023-24, the government had outlined a plan to purchase crude oil worth 50 billion rupees for caverns …
India defers $602 million plan to fill parts of strategic petroleum reserve Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s ICICI Bank reported a better-than-expected third-quarter profit on Saturday, helped by robust loan growth, although its net interest margin (NIM) shrank for the fourth straight quarter. The country’s second-biggest private bank reported a record high standalone net profit of 102.72 billion rupees ($1.24 billion) in the quarter ended Dec. …
India’s ICICI Bank beats quarterly estimates with record high profit Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s Kotak Mahindra Bank reported lower-than-expected third-quarter net profit on Saturday, weighed down by higher bad loan provisions and shrinking lending margins. The private bank reported standalone net profit of 30.05 billion rupees ($361.7 million) in the quarter ended Dec. 31, compared to analysts’ expectations of 31.94 billion rupees, per …
India’s Kotak Mahindra Bank misses Q3 profit view on higher loan provisions Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – Indian conglomerate Tata Group has bagged the title sponsorship of the Indian Premier League (IPL) for 2024-28 for a “record-breaking” $300 million, the league organisers said on Saturday. Backed by celebrity franchise owners and featuring the best players in international cricket, IPL has become the world’s richest T20 …
Cricket-Tata Group bags five-year IPL sponsorship rights for $300 million Read More »
BENGALURU (Reuters) – Indian shares ended lower in a trading session on Saturday, dragged by information technology companies and Hindustan Unilever, but gains in lenders helped limit some losses. The blue-chip Nifty 50 ended down 0.23% to 21,571.80, while the S&P BSE Sensex fell 0.4% to 71,423.65. The equity market traded in a full session …
Indian shares end lower in Saturday session as IT stocks, HUL weigh Read More »
BENGALURU (Reuters) -Indian shares rose in a trading session on Saturday, helped by a bounce in banking stocks after an HDFC Bank-led slide earlier in the week, while investors awaited earnings reports from large private lenders, due later in the day. The blue-chip Nifty 50 rose 0.16% to 21,656.95, while the S&P BSE Sensex advanced …
Indian shares rise in Saturday session as banks bounce; HUL slides Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold firmed on Friday but was poised to record its biggest weekly decline in six, as comments from Federal Reserve policymakers through the week lowered expectations of an early rate cut. Spot gold rose 0.2% to $2,027.49 per ounce by 02:02 p.m. ET (1902 GMT), but was down 1% …
Gold set for biggest weekly fall in six as rate cut optimism dulls Read More »
MUMBAI (Reuters) -India’s market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received, its chairperson said at an event on Friday. The Securities and Exchange Board of India (SEBI) is working on measures to curtail such malpractices, Madhabi Puri Buch said at an event in Mumbai, without mentioning …
India’s market regulator probing three IPOs for inflating subscriptions Read More »
By Jayshree P Upadhyay (Reuters) – India’s central bank and market regulator are considering exemptions to recently tightened rules for bank investments in alternate investment funds (AIFs) due to their unintended consequences, three sources with direct knowledge of the matter said. Last month, the Reserve Bank of India (RBI) ruled that banks and non-bank lenders …
Indian regulators mull exemptions for recent AIF investment rules – sources Read More »
