Savio D'Souza

5 days ago | gurutrade.com | Siddhi Nayak |Savio D'Souza

MUMBAI, May 9 (Reuters) - India's ICICI Venture Funds Management has approved transferring its private equity and real estate fund management businesses to ICICI Prudential Asset Management, their parent ICICI Bank said on Friday. The move is aimed at consolidating investment offerings under ICICI Prudential AMC, so it can provide a full suite of asset classes, including private equity, the bank said in an exchange filing.

2 weeks ago | gurutrade.com | Siddhi Nayak |Ira Dugal |Rashmi Aich |Savio D'Souza

MUMBAI, April 30 (Reuters) - Shares of India's IndusInd Bank dropped on Wednesday after the bank's CEO resigned, taking "moral responsibility" for recent derivatives accounting lapses, but the losses were capped by expectations that a new management team would soon be in place. The stock of the country's fifth-largest private lender fell 3% at the opening bell, before paring some losses to trade 2.5% lower as of 11 a.m. IST.

4 weeks ago | gurutrade.com | Nimesh Vora |Savio D'Souza

MUMBAI, April 15 (Reuters) - The Indian rupee is poised to open marginally higher on Tuesday as the U.S. dollar faces headwinds from renewed trade policy ambiguity and with risk sentiment on the mend. The 1-month non-deliverable forward indicated that the rupee will open at 85.96-85.98 per dollar compared with its close of 86.04 on Friday. The Indian markets were closed on Monday for a local holiday.

1 month ago | gurutrade.com | Kashish Tandon |Rishika Sadam |Savio D'Souza

April 3 (Reuters) - Asian healthcare stocks surged on Thursday, led by Indian generic drugmakers, defying the drop in the broader market, after U.S. President Donald Trump's wide-ranging reciprocal tariffs exempted pharmaceutical products. Trump imposed a 10% tariff on most U.S. imports as well as much higher levies on dozens of rivals and allies alike, but temporarily exempted some goods, including pharmaceuticals, benefiting major exporters like India and Japan.

1 month ago | gurutrade.com | Haripriya Suresh |Savio D'Souza

BENGALURU, March 26 (Reuters) - Wipro, India's No.4 IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group , the company said on Wednesday, announcing its second mega deal this financial year. Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider.