Edition:
India

Chris Thomas

Nifty, Sensex slide after RBI surprises by holding rates steady

05 Dec 2019

BENGALURU Indian shares pared early gains to end lower on Thursday after the Reserve Bank of India (RBI) kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut.

Yes Bank seeks up to $2 billion in preferential new share issue

30 Nov 2019

MUMBAI/BENGALURU Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country's crisis-hit shadow banking and real estate sectors.

BPCL workers protest over PM Modi's privatisation plans

28 Nov 2019

KOCHI/BENGALURU Thousands of employees across India on Thursday protested an upcoming stake sale at state owned refiner Bharat Petroleum Corporation Ltd (BPCL), fearing loss of jobs and benefits.

India's October retail inflation breaches RBI's medium-term target

13 Nov 2019

NEW DELHI/BENGALURU India's retail inflation breached the central bank's medium-term target of 4% in October for the first time in 15 months, on the back of higher food prices.

Moody's cuts India's outlook to 'negative', citing rising growth risks

08 Nov 2019

BENGALURU Moody's Investors Service cut India's ratings outlook to "negative" from "stable", citing increasing risks that Asia's third largest economy will grow at a slower pace than in the past, sending stock markets nearly 1% lower at Friday's close.

RPT-UPDATE 1-India's Yes Bank posts quarterly loss as asset quality worsens

04 Nov 2019

MUMBAI/BENGALURU, Nov 1 Indian private-sector lender Yes Bank Ltd reported a bigger-than-expected loss for the second quarter on Friday, as asset quality worsened and provisions swelled.

Yes Bank posts quarterly loss as asset quality worsens

01 Nov 2019

MUMBAI/BENGALURU Indian private-sector lender Yes Bank Ltd reported a bigger-than-expected loss for the second quarter on Friday, as asset quality worsened and provisions swelled.

SBI profit beats on higher interest income, better asset quality

25 Oct 2019

BENGALURU State Bank of India (SBI) reported a three-fold jump in quarterly profit and beat market expectations on Friday as asset quality at the country's largest lender improved, sending shares up more than 7%.

Infosys loses $6.6 bln in market cap after whistleblower complaints

22 Oct 2019

NEW DELHI/BENGALURU India's No.2 software services exporter, Infosys Ltd , is probing whistleblower complaints that its top two executives engaged in "unethical practices" to boost short-term revenue and profit, sending its shares down 16% on Tuesday.

UPDATE 3-French energy giant Total to buy 37% stake in India's Adani Gas

14 Oct 2019

* Adani Gas shares surge more than 12% on news of deal (Adds Wood Mackenzie comments, deal details)

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