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Vodafone Idea Ltd’s board approved raising another ₹20,000 crore through a further public offering (FPO), private placement, or other permissible mode to stay afloat, it said in an exchange filing on 30 May after reporting losses for another quarter amid never-ending financial troubles. India’s third-largest telecom operator said it was confident of gaining government…
British American Tobacco Plc plans to sell a stake in Indian tobacco manufacturer ITC Ltd. worth at least $1.36 billion. The Lucky Strike-maker is offering as many as 290 million shares at a floor price of 400 rupees ($4.69) per share, according to terms seen by Bloomberg. The stake accounts for as much as 2.3%…
MUMBAI (Reuters) -The Indian rupee is expected to open nearly unchanged on Tuesday but traders reckon that the currency will trade with an upward bias in the near term as concerns about U.S. trade and fiscal policies continue to cast a shadow on the greenback. The 1-month non-deliverable forward indicated an open in the 85.07-85.10…
HOUSTON -Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC . Brent crude futures settled up 88 cents, or 1.4%, at $65.41 per barrel, while U.S. West Texas Intermediate crude futures closed 87…
Bajaj Housing Finance Ltd’s performance in the March quarter (Q4FY25) was strong except for the pressure on gross spread. Gross spread, or the yield on portfolio minus cost of funds, fell 10 basis points sequentially to 1.8%. This could be a sign of pricing pressure in the company’s preferred individual lending segment, which focuses on…
Christopher Wood, a US-based investment banking group, Jefferies’ global strategist, recommended that global investors increase their exposure in the Indian stock market and sell US stocks amid the uncertainties looming over the capital markets due to Trump tariffs, as per a Business Standard report. Wood reiterated his bullish stance on the Indian stock market in…
By Akash Sriram and Nathan Vifflin -Global technology shares rose on Monday after the U.S. exempted electronics such as smartphones and computer hardware from its reciprocal tariffs on China, but with President Donald Trump promising tariffs on the chips sector as soon as next week, the relief around how companies will manage their supply chains…