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