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 …
By Arpan Chaturvedi NEW DELHI (Reuters) -India’s Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed due process. A five-judge bench of the country’s top court passed the verdict by a majority …
India’s Supreme Court upholds legality of 2016 demonetisation Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the U.S. dollar on Monday, helped by likely position building and lack of cash dollar demand, traders said. The rupee was at 82.5750 per U.S. dollar by 10:50 a.m. IST, compared with 82.72 in the previous session. The U.S. holiday means there …
Rupee gains on speculators bets, lack of cash dollar demand Read More »
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey showed on Monday. The manufacturing purchasing managers’ index, compiled by S&P Global, rose to 57.8 in December …
(Reuters) – India’s cricket board (BCCI) will increase its focus on player fitness and consider who have played a substantial domestic season when making selections for the national team, it said on Sunday following a review meeting ahead of the 2023 World Cup. The board said that the National Cricket Academy will work with teams …
Cricket-BCCI to increase focus on player fitness ahead of ODI World Cup Read More »
NEW DELHI (Reuters) – India’s goods and services tax receipts in December rose 15% year-on-year to 1.495 trillion rupees ($18.07 billion), a government statement said on Sunday, reflecting strong economic activity during the festive season. Goods and services taxes brought in 1.46 trillion rupees in November. ($1 = 82.7170 Indian rupees) (Reporting by Manoj Kumar; …
India’s December goods and services tax collections up 15% y/y Read More »
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan said it had handed a list of its nuclear installations and facilities to the Indian mission in Islamabad on Sunday under a decades-old agreement between the two nuclear-armed rivals. The neighbours have fought three wars and have had a number of military skirmishes in recent years. Last year …
Pakistan says it has provided list of nuclear facilities to India under annual practice Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the …
India’s jobless rate rises to 16-month high of 8.30% in Dec – CMIE Read More »
