BENGALURU Indian telecom operator Bharti Airtel Ltd said on Wednesday it would raise up to $3 billion via debt and equity, as it looks for ways to pay down overdue fees it owes the government.
MUMBAI/BENGALURU India's central bank on Wednesday said it will begin bankruptcy proceedings against Dewan Housing Finance Coporation Ltd (DHFL), a move that puts the country's ailing shadow banking sector back in the spotlight.
BENGALURU/NEW DELHI Indian telecom stocks rose on Friday amid hopes that the government would step in to help the ailing sector, a day after two top mobile carriers warned their ability to operate and make profits would depend on relief from the country.
Nov 8 Indian shares inched lower on Friday after
Moody's Investors Service lowered its ratings outlook to
"negative" from "stable", saying it was increasingly likely that
economic growth will remain lower than in the past.
BENGALURU, Indian shares extended gains on Thursday, led by a rally in real estate stocks after the government approved 100 billion rupees ($1.41 billion) for a fund to help clear stalled housing projects.
BENGALURU Indian shares slipped in early trade on Wednesday, dragged by financial and consumer discretionary stocks, and tracking weakness in broader Asia.
BENGALURU Indian shares extended gains on Tuesday on increasing hopes of a trade truce between the United States and China, while optimism around solid, consumer-driven economic growth in the U.S. aided sentiment.
Nov 4 Indian shares jumped on Monday, extending
gains to a seventh straight session, boosted by the government's
plan to offer more capital to finance the country's
infrastructure needs and reports of further tax reforms.
Nov 1 Indian shares extended gains seen through
the week on Friday, as a raft of strong earnings raised
expectations of a better December quarter.
Indian shares advanced for a fourth straight session on Thursday, inching up over half a percent, after a rate cut by the U.S. Federal Reserve in line with expectations, boosted investor appetite across the globe.