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Reuters

Sensex, Nifty end FY24 with gains; Nifty posts best fiscal performance in three years

Economy

28 March, 2024

Sensex, Nifty end FY24 with gains; Nifty posts best fiscal performance in three years

Indian shares advanced on Thursday to close the fiscal year with weekly and quarterly gains in a holiday-shortened week, led ......

Gautam Adani, family raise stake in Ambuja with $800 mn infusion

Manufacturing

28 March, 2024

Gautam Adani, family raise stake in Ambuja with $800 mn infusion

Indian billionaire Gautam Adani's family infused 66.61 billion rupees (about $799 million) in Ambuja Cements, raising its stake to about ......

India shines among global equity markets amid lacklustre deal activity in Asia

Economy

28 March, 2024

India shines among global equity markets amid lacklustre deal activity in Asia

India's bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor's unit will ......

ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank

Finance

28 March, 2024

ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank

India's ICICI Securities has secured shareholders' nod to delist its stock, the brokerage said in the early hours of Thursday, ......

Rupee falls to record low, RBI likely steps in

Markets

27 March, 2024

Rupee falls to record low, RBI likely steps in

The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers and equity-related ......

RBI eases recently tightened rules for investments by banks, NBFCs in AIFs

Finance

27 March, 2024

RBI eases recently tightened rules for investments by banks, NBFCs in AIFs

India's central bank on Wednesday eased its recently tightened rules that mandated lenders set aside higher provisions if they have ......

Asia private equity transactions fall to lowest in a decade

Economy

26 March, 2024

Asia private equity transactions fall to lowest in a decade

Private equity-backed mergers and acquisitions in Asia are set for their worst start to the year in nearly a decade, ......

Why consumer firms are lagging benchmark indexes in India's sizzling stock market

Consumer

26 March, 2024

Why consumer firms are lagging benchmark indexes in India's sizzling stock market

The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the "underperformance" of ......

Adani Ports to buy 95% of Odisha's Gopalpur Port for $162 mn

Infrastructure

26 March, 2024

Adani Ports to buy 95% of Odisha's Gopalpur Port for $162 mn

India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95% stake ......

Rupee hits record low, posts steepest weekly fall in seven months

Markets

22 March, 2024

Rupee hits record low, posts steepest weekly fall in seven months

The Indian rupee fell to a record low against the U.S. dollar on Friday pressured by a drop in the ......