Chris Thomas

Sensex, Nifty end higher; Aditya Birla Fashion surges on Flipkart deal

23 Oct 2020

BENGALURU Indian shares ended higher on Friday, driven by gains in auto stocks, while a 15 billion rupees investment from Walmart Inc's Flipkart pushed Aditya Birla Fashion and Retail up as much as 17%.

Indian shares rise as financials gain, blue-chip earnings in focus

23 Oct 2020

BENGALURU, Oct 23 Indian shares rose on Friday, driven by gains in banks and conglomerate Reliance Industries, with investors focused on U.S. stimulus talks and earnings reports from domestic blue-chip companies due later in the day.

India's peak holiday season set to send COVID-19 cases surging

15 Oct 2020

BENGALURU/KOLKATA, India Already on track to overtake the United States with the world's most novel coronavirus infections, India is bracing for a surge of cases in coming weeks as it heads into its main holiday season with an economy freed of virus restrictions.

Indian shares rise as cenbank keeps rates steady

09 Oct 2020

BENGALURU, Oct 9 Indian shares rose on Friday after the country's central bank kept interest rates unchanged in the face of a stubbornly high inflation, while also retaining its "accommodative" monetary policy stance.

IT lifts Indian shares after HCL outlook; SEBI norms help small, mid-caps

14 Sep 2020

BENGALURU, Sept 14 Indian shares rose on Monday, boosted by IT stocks after HCL Technologies raised its outlook for the September quarter, while small- and mid-cap names were helped by a change in asset allocation norms for multi-cap funds.

Silver Lake to invest $1 billion in retail arm of India's Reliance

09 Sep 2020

NEW DELHI/BENGALURU Reliance Industries Ltd said on Wednesday U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business, helping the Mukesh Ambani-controlled company widen its lead as India's biggest retailer.

Nifty, Sensex end near six-month highs on coronavirus treatment hopes

24 Aug 2020

BENGALURU Indian shares closed just shy of their six-month highs on Monday, powered by a rally in private-sector banks as more businesses resumed operations after lockdowns and hopes of a treatment for COVID-19 brightened.

Indian shares rise as RBI puts rate cut on hold but keeps door open

06 Aug 2020

BENGALURU, Aug 6 Indian shares surged on Thursday after the country's central bank kept interest rates steady but vowed to do "whatever is necessary" to revive an economy battered by the COVID-19 pandemic.

Insider Jagdishan to take reins at India's most valuable lender

04 Aug 2020

BENGALURU India's top private-sector lender HDFC Bank Ltd has received the approval to name insider Sashidhar Jagdishan its chief executive officer, the bank said on Tuesday, as it steers itself through the coronavirus downturn.

SBI touts strong 'immunity' as profit surges in pandemic

31 Jul 2020

MUMBAI/BENGALURU State Bank of India (SBI) posted a sharp increase in net profit on Friday and provided a steady outlook for the coming quarters, even as the coronavirus crisis ravages the country's economy.

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