Nivedita Bhattacharjee

Bangalore

Senior Desk Editor at Reuters

News and edits. Rt, share not = agreeing. Opinions mine. [email protected]

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Articles

Leela Hotels Owner Schloss Drops about 7% in India Debut

4 days ago | gurutrade.com | Hritam Mukherjee |Nivedita Bhattacharjee

June 2 (Reuters) - Shares of Schloss Bangalore, owner of luxury hotel chain "The Leela", debuted 6.7% lower on Monday, valuing the company at 137.97 billion rupees ($1.62 billion). The stock listed at 406 rupees on India's National Stock Exchange, compared to its issue price of 435 rupees. It was last down at 428 rupees.
Rupee Dips Tracking Asian Peers after Court Blocks most US Tariffs

1 week ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 29 (Reuters) - The Indian rupee weakened on Thursday, weighed down by a broad rebound in the dollar after a U.S. federal court blocked most of President Donald Trump's "reciprocal tariffs" from taking effect. The rupee was at 85.5325 per U.S. dollar as of 11:30 a.m. IST, down 0.2% on the day. Asian currencies were down between 0.1% to 0.6% while the dollar index rose past the 100 handle.
India's Adani Ports Plans Local Debt Market Comeback after 17 mths, Bankers

1 week ago | gurutrade.com | Dharamraj Lalit Dhutia |Nivedita Bhattacharjee |Savio D'Souza

MUMBAI, May 28 (Reuters) - Adani Ports and Special Economic Zone, India's largest private port operator, plans a return to the domestic bond market after a 17-month hiatus in what could be its largest-ever rupee denominated debt issue, three merchant bankers said on Wednesday.
Rupee Ends Slightly Higher; Importer Dollar Bids, Yuan's Slip Rrode Early Gains

1 week ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 26 (Reuters) - The Indian rupee closed modestly stronger after hitting a two-week high on Monday as a turnaround in the dollar index weighed on regional peers like the Chinese yuan, which touched a seven-month peak earlier in the day. The rupee closed at 85.0.850 against the U.S. dollar, up 0.1% from its close at 85.2125 in the previous session.
Rupee Soars with Asian Peers to Post Best Day in over 2 yrs

2 weeks ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 23 (Reuters) - The Indian rupee rose sharply on Friday to post its best single-day gain in more than two years as worries over U.S. fiscal health and the impact of trade tariffs continued to weigh on the dollar, sparking a rally in emerging market currencies. The rupee closed at 85.2125 against the U.S. dollar, up 0.9% on the day, its best one-day gain since November 2022.
European Stocks Rise as Yields Ease, Data Lifts Sentiment

2 weeks ago | gurutrade.com | Sruthi Shankar |Nivedita Bhattacharjee |Mrigank Dhaniwala

German stocks near record AJ Bell jumps on half-year profit surge Bond yields slip after run-up May 23 (Reuters) - European stocks rose on Friday as easing bond yields provided relief to investors, while better-than-expected economic data supported sentiment. The pan-European STOXX 600 index rose 0.2% by 0843 GMT, on course for its sixth straight week of gains.
Medtronic to separate diabetes business following recent struggles

2 weeks ago | today.westlaw.com | Puyaan Singh |Sriparna Roy |Nivedita Bhattacharjee |Kamal Choudhury

(Reuters) -Medical device maker Medtronic said on Wednesday it plans to separate its diabetes business, which houses its insulin pumps and other wearable devices, into a stand-alone company and forecast 2026 adjusted profit below estimates.
India Cenbank Proposes Easier Rules for Lenders' Investments in AIFs

2 weeks ago | gurutrade.com | Swati Bhat |Nivedita Bhattacharjee

MUMBAI, May 19 (Reuters) - India's central bank on Monday proposed more liberal rules governing investments by lenders in Alternative Investment Funds (AIFs), citing improved financial discipline after rules were tightened earlier. In December 2023, the RBI barred banks and NBFCs from investing in AIFs that held exposures to their existing or recent borrowers.
Rupee Ends Tad Higher, Dollar Droops on US Credit Downgrade

2 weeks ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 19 (Reuters) - The Indian rupee ended modestly higher on Monday, hoisted by a weaker dollar, hurt by concerns over U.S. debt and deficits following a Moody's downgrade of the country's sovereign credit rating late last week. The rupee closed at 85.40 against the U.S. dollar, up 0.1% on the day. The currency had dipped to a low of 85.61 in early trading but reversed course as the dollar declined by about 0.6% against major peers.
Rupee Flat on Day; Dips on Week as Corporate, Interbank Dollar Bids Weigh

3 weeks ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 16 (Reuters) - The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand from local companies and foreign banks. On the day, outflows related to an equity block deal weighed on the rupee, while broad weakness in the dollar and mild exporter hedging helped keep a lid on the currency's losses, traders said.