(Reuters) – Pace spearhead Jasprit Bumrah has been India’s one-man army in the ongoing test series against Australia and the 31-year-old said he has no problem shouldering the massive bowling workload. Bumrah is the leading wicket-taker in the five-test series with 18 dismissals from five innings despite little support from the other end. In the …
Cricket-India’s one-man army Bumrah says fine with bowling workload Read More »
By Hritam Mukherjee and Kashish Tandon (Reuters) -India’s benchmark equity indexes fell on Monday, as uncertainty about the U.S. interest rate trajectory beyond the reduction expected this week weighed on IT companies, while metal stocks fell after underwhelming economic data from top consumer China. The Nifty 50 ended down 0.4% at 24,668.25 points, while the …
Indian equity benchmarks slip as Fed rate trajectory worries hit IT stocks Read More »
By Luc Cohen NEW YORK (Reuters) – The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon. Federal prosecutors in Brooklyn last month unsealed an indictment …
BENGALURU (Reuters) – India’s markets regulator on Monday warned investors against making transactions with unauthorised electronic platforms offering unlisted securities of public companies. The Securities and Exchange Board of India (SEBI), in a press release, said certain electronic platforms and websites were violating rules by facilitating transactions in unlisted securities of public companies, as these …
By Anjana Anil (Reuters) – Gold prices hit two-week highs on Monday, climbing more than 1% on renewed buying of the metal by China’s central bank following a six-month hiatus, with bullishness increased by anticipation of a U.S. Federal Reserve interest rate cut next week. Spot gold gained 1.1% to $2,662.98 per ounce, as of …
Gold hits 2-week high on China buying, Fed rate cut expectations Read More »
BENGALURU (Reuters) -Tata group-owned Air India has confirmed an order for 100 Airbus aircraft, the two companies said on Monday, as part of a multi-billion-dollar plan to turn itself into a leading global airline. In October, Airbus announced an order for 75 A320 jets and 10 A350s by an unnamed customer, which sources said was …
Air India confirms order for another 100 Airbus jets Read More »
By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy. Financial markets had expected current governor Shaktikanta Das to be handed a second extension when his …
India names Sanjay Malhotra to replace Das as central bank governor Read More »
NEW DELHI (Reuters) – India’s Mahindra and Mahindra said on Saturday it would rename its latest electric car, a significant move after aviation market leader IndiGo sued the automaker for use of its call sign and widely used brand name “6E”. While trademark infringement cases are common in India, legal disputes between big publicly traded …
India’s M&M renames electric car amid aviation giant IndiGo’s trademark challenge Read More »
(Reuters) – Indian power producer Continuum Green Energy filed for an initial public offering worth 36.5 billion rupees ($430.26 million) on Monday, as it looks to cash in on the country’s growing clean energy needs. WHY IT’S IMPORTANT The renewable energy sector is rapidly expanding in India, where most power demand is still met with …
Continuum Green Energy files for $430 million India IPO Read More »
(Reuters) -India’s Adani Group will invest over 7.5 trillion rupees ($88.5 billion) in the northwestern state of Rajasthan, a top executive said on Monday, marking the group’s first major investment since the U.S. indictment of its billionaire founder. The announcement, at an event in Jaipur city attended by Prime Minister Narendra Modi, comes less than …
Adani announces $88 billion India investment plan, first since US indictments Read More »
