BENGALURU (Reuters) – India’s HDFC Bank on Wednesday said that its merged loan book with Housing Development Finance Corporation stood at 22.45 trillion rupees ($273.77 billion) as at the end of the June quarter. HDFC Bank merged with HDFC on July 1. ($1 = 82.0020 Indian rupees) (Reporting by Sethuraman NR in Bengaluru; Editing by …
HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end Read More »
(Reuters) – India will break ground next month on its first semiconductor assembly plant and begin producing its first domestically manufactured microchips by the end of 2024, the Financial Times reported on Wednesday. India’s information technology minister, Ashwini Vaishnaw, said Micron Technology would start construction in August on a $2.75 billion chip assembly and test …
India aims to make domestic microchips by end of 2024 -FT Read More »
BENGALURU (Reuters) – Indian meter manufacturer Genus Power Infrastructures said on Tuesday that it signed agreements for setting up a platform to fund smart metering projects with an affiliate of Singapore sovereign wealth fund GIC at an initial commitment of $2 billion. Genus would be the exclusive supplier to the platform for smart meters and …
India’s Genus Power partners with GIC affiliate for funding smart metering projects Read More »
(Reuters) – Former India fast bowler Ajit Agarkar has been appointed chairman of India’s selection committee, the country’s cricket board (BCCI) said on Tuesday. The senior selection committee, led by Chetan Sharma, had initially been sacked in November after India were knocked out of the Twenty20 World Cup in the semi-finals in Australia. Sharma was …
Cricket-Agarkar named India’s new chairman of selectors Read More »
KARACHI, Pakistan (Reuters) -Pakistan has issued a presidential ordinance granting extra detention powers to the country’s anti-graft body, which is currently investigating a case involving former Prime Minister Imran Khan, media reported on Tuesday. Khan, the country’s main opposition leader who has faced a string of cases since being ousted from power last year, was …
Pakistan grants extra powers to graft body probing Imran Khan – media Read More »
(Reuters) – Indian stock exchange NSE on Tuesday said its Index Maintenance Sub-Committee has decided to replace Housing Development Finance Corporation (HDFC) with LTIMindtree in the benchmark Nifty 50 index, effective July 13. The replacement comes after HDFC merged with HDFC Bank on July 1. Analysts had earlier said that LTIMindtree was an expected replacement …
LTIMindtree to replace HDFC in India’s Nifty 50 index on July 13 Read More »
By Arundhati Sarkar (Reuters) – Gold prices edged higher on Tuesday as some traders bet that recent weak U.S. economic data may prompt the Federal Reserve to rethink its rate-hike trajectory, while also awaiting further cues from the minutes of the central bank’s last meeting. Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 …
Gold gains in thin holiday trade as investors seek more Fed cues Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip Nifty 50 index advanced for a sixth session in a row on Tuesday, as gains from financials and sustained foreign inflows helped offset a bout of profit-taking. Both the Nifty and the S&P BSE Sensex hit record highs for a fourth consecutive session before briefly paring gains as …
Financials help Indian shares extend gains to new highs Read More »
By Neha Arora NEW DELHI (Reuters) – Epsilon Advanced Materials, an Indian battery materials company, expects to start commercial production at its first U.S. facility by 2026, a top company official said. Days after India’s Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington to deepen ties, Epsilon unveiled its plans to …
India’s Epsilon Advanced Materials expects US plant to start by 2026 Read More »
LONDON (Reuters) – HSBC said on Tuesday it would target business with India’s wealthy as it launched its global private banking business in the country. Europe’s largest bank said the new unit was aimed at ‘high-net-worth’ and ‘ultra-high-net-worth’ clients in India with investable assets of more than $2 million. HSBC is pursuing a strategy of …
HSBC chases wealthy clients in India with private bank launch Read More »
