By Dharamraj Dhutia MUMBAI (Reuters) – Indian states may not borrow as much as the record $41 billion they plan to in the January-March quarter, which will help keep the spread between state and central government bond yields in check, analysts said. States plan to sell bonds worth 3.41 trillion rupees ($41.19 billion), the highest …
Indian states may undershoot planned borrowings for Jan-Mar -analysts Read More »
BENGALURU (Reuters) -Adani Enterprises said on Tuesday it will raise the amount it pays New Delhi Television Ltd stockholders who tendered their shares in the conglomerate’s open offer to match what it paid the news broadcaster’s founders for their stake. Adani Enterprises said it will pay an additional 48.65 rupees per NDTV share to investors …
Adani lifts payout for NDTV open offer to match payment to founders Read More »
NEW DELHI (Reuters) – Indian state-run companies will continue to be exempt from the minimum public shareholding (MPS) norm that requires listed companies to maintain a 25% public shareholding, a government notification said late on Monday. The exemptions from the MPS norm will be valid for a “specified period” even if there is a change …
Indian state-run firms to remain exempt from public shareholding norms – govt Read More »
BENGALURU (Reuters) -Zomato Ltd said on Monday Gunjan Patidar, the company’s co-founder and chief technical officer, had resigned after more than a decade with the Indian food delivery firm. “Patidar was one of the first few employees of Zomato and built the core tech systems for the company,” it said in a stock exchange filing. …
Indian food delivery firm Zomato’s co-founder Patidar resigns Read More »
NEW DELHI (Reuters) -India has proposed a body for the online gaming industry to regulate itself as concerns rise over the addictiveness of games and as patchy state laws disrupt business, in draft amendments to its information technology rules published on Monday. The proposal comes after a government panel recommended new rules to regulate a …
India proposes self-regulatory bodies for online gaming companies Read More »
By Nandan Mandayam BENGALURU (Reuters) -India’s top automakers in December reported a double-digit rise in the sale of the more expensive utility vehicles, while entry-level cars saw muted demand despite discounts. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has more than 50% weightage in …
India’s utility vehicles sales rise in Dec, demand for entry-level cars muted Read More »
BENGALURU (Reuters) -Indian shares closed higher on Monday, the first trading session of 2023, helped by an uptick in metals and financials. The Nifty 50 index closed 0.51% higher at 18,197.45, while the S&P BSE Sensex rose 0.54% to 61,167.79. Most of the major sectoral indexes logged gains, with metals and high-weightage financials rising 2.43% …
Indian shares close first 2023 session on a positive note on metals boost Read More »
MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18. The …
MUMBAI (Reuters) – Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet. The company’s public issue will open for subscription on Tuesday and will close on Jan. 23. The issue also has a greenshoe option to retain an additional …
Edelweiss Financial Services to raise funds via public issue Read More »
MUMBAI (Reuters) – India’s Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday. The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers …
