DIRS.INFO The most relevant business & tech news

☆ Indian shares set to open lower on China COVID woes
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

Foreign institutional investors bought a net 3.69 billion rupees ($45.17 million) worth of equities on Friday, while domestic investors sold a net 2.96 billion rupees ($36.24 million) worth of shares, as per provisional NSE data. ** Larsen & Toubro Financial Holdings (LTFH.NS): Completed divestment of its mutual fund business to HSBC Asset Management (India) and received 34.84 billion rupees. The company also realised surplus cash balance of 7.65 billion rupees in L&T Investment Management. ** VA Tech Wabag (VATE.NS): Signed an agreement with Asian Development Bank towards raising 2 billion rupees through unlisted non-convertible debentures. ($1 = 81.6850 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ India's first private rocket company looks to slash satellite costs
▼ + stars: | 2022-11-26 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +4 min

[1/2] Employees pose in front of Vikram-S rocket, India?s first private rocket developed by Skyroot, an Indian Space-Tech startup, at a spaceport in Sriharikota, India, November 18, 2022. The Hyderabad-based company, backed by Singapore's sovereign wealth fund, GIC, says the $68 million it has raised will fund its next two launches. Skyroot faces both established and up-and-coming rocket launch rivals that also promise to bring down costs. India opened the door to private space companies in 2020 with a regulatory overhaul and a new agency to boost private-sector launches. The Skyroot rocket that reached 89.5 kilometers altitude in last week's test launch used carbon-fibre components and 3D-printed parts, including the thrusters.

☆ Indian shares subdued on divergent rate hike views
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 25 (Reuters) - Indian stocks opened marginally lower on Friday, after the benchmarks closed at record highs in the previous session, with investors digesting conflicting signals from global central banks on the interest rate environment. The benchmark S&P BSE Sensex (.BSESN) opened down 0.18% to 62,164.65, while the NSE Nifty 50 index (.NSEI) fell 0.14% to 18,459.00. The European Central Bank's equivalent of Federal Reserve rate-setting committee's minutes that came out on Thursday showed that the room for slowing down the pace of interest rate adjustments remained limited, in contrast to the U.S. central bank's assessment. Nifty IT index (.NIFTYIT) lost 0.4%, with seven of the 10 constituents falling in today's session. The Nifty Midcap 100 (.NIFMDCP100) and Nifty SmallCap 100 (.NIFTYSMCP100) indexes outperformed larger peers, rising 0.33% and 0.47%, respectively.

☆ Indian shares edge up on UltraTech Cement boost
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 22 (Reuters) - Indian equity benchmarks edged higher on Tuesday, after declining for three straight sessions, buoyed by gains in top cement producer UltraTech Cement (ULTC.NS). The benchmark S&P BSE Sensex (.BSESN) rose 0.11% to 61,212.36, while the NSE Nifty 50 index (.NSEI) gained 0.08% to 18,175.10. UltraTech Cement (ULTC.NS) led gains on the Nifty, rising as much a 2.4% to a near three-week high, while its parent Grasim Industries (GRAS.NS) advanced 2.1%. Indian markets are likely to be range-bound and not follow global cues ahead of state elections due in December, said AK Prabhakar, Head of Research, IDBI Capital. Foreign institutional investors sold 15.94 billion Indian rupees ($195.11 million) worth of equities on Monday, while domestic investors bought 12.63 billion rupees ($154.59 million) of shares, per provisional NSE data.

☆ Indian shares open lower, weighed down by China, rate worries
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 21 (Reuters) - India's shares opened lower on Monday, dragged down by auto, IT and consumer stocks, while the likelihood of tighter U.S. monetary policy and worsening COVID-19 infection numbers in China weighed on sentiment. The S&P BSE Sensex (.BSESN) shed 0.57% to 61,309.82 as of 0348 GMT, while the NSE Nifty 50 index (.NSEI) lost 0.51% to 18,214.45. The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.25%Oil prices hovered at two-month lows, in part due to concerns over China's demand. Foreign institutional investors sold 7.51 billion Indian rupees ($91.79 million)($92 million) worth of equities on Friday, while domestic investors bought 8.90 billion rupees ($109 million) of shares, per provisional NSE data. ($1 = 81.8200 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares down on concerns over Fed's rate posture
▼ + stars: | 2022-11-17 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +2 min

BENGALURU, Nov 17 (Reuters) - Indian shares slipped on Thursday, mirroring the weakness in Asian peers, amid growing signs that the Federal Reserve might not temper its aggressive monetary policy anytime soon. Meanwhile, Asia-Pacific shares ex-Japan (.MIAPJ0000PUS) slid a steeper 1.47%, with analysts pinning the smaller drop in local equities to India's fiscal health and economic growth prospects. San Francisco Fed President Mary Daly even said a pause was off the table. The Fed's stance could trigger "bouts of volatility," said Prashanth Tapse, vice president of research at Mehta Equities. "Traders are not uncomfortable with the high valuation of Indian markets, hence periodic profit-taking will continue."

Search resuls for: "Bharath"

6 mentions found