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1 month 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.
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1 month ago | 
today.westlaw.com | Shashwat Awasthi |Savio D'Souza |Rashmi Aich
(Reuters) -British pest control company Rentokil Initial said on Wednesday it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).
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1 month 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.
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1 month 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.
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2 months 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.
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2 months 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.
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Mar 26, 2025 | 
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.
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Mar 24, 2025 | 
today.westlaw.com | Bhanvi Satija |Shubham Kalia |Savio D'Souza |Mrigank Dhaniwala
(Reuters) -23andMe on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey's annual list of favorite things just eight years ago.
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Mar 17, 2025 | 
gurutrade.com | Anjana Anil |Rashmi Aich |Sonia Cheema |Savio D'Souza
Short-term momentum remains positive for gold, analyst says
No guarantees that there will not be recession in U.S.- Bessent
Markets await Fed's policy meeting, Powell speech, on Wed
March 17 (Reuters) - Gold prices, on Monday, stayed just shy of the $3,000-per-ounce milestone scaled in the previous session, as the escalating U.S.-driven tariff war now also threatens economic growth, adding to other geopolitical tensions.
Spot gold had firmed 0.1% to $2,988.68 an ounce as of 0715 GMT.
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Mar 3, 2025 | 
gurutrade.com | Nikhil Sharma |Savio D'Souza |Shinjini Ganguli
Bunzl falls after FY profit drops
Defence stocks jump on higher military spending prospects
STOXX up 0.3%
March 3 (Reuters) - European shares extended gains to trade near a record high on Monday, as defence stocks received a boost on prospects of higher military spending by the region.
The pan-European STOXX 600 index was up 0.3% at 0932 GMT, set to build on ten straight weeks of gains.
