India’s Avenue Supermarts IPO oversubscribed 106 times
MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »
India’s industrial output up 2.7 percent in January
NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »
Volkswagen, Tata Motors plan to cooperate in India
NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »
Doha Bank looking at setting up subsidiary in India
Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up a full scale subsidiary for our Indian operations which is needed to enter more cities”, Doha Bank... read more »
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China to be world largest economy in 2028
Beijing – China is expected to overtake the US in 2028 to become the world’s largest economy while India is predicted to overtake Japan that year for the third place in the same... read more »
Sensex gains 136 points during pre-noon session
Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT, banking index (bankex) and... read more »
Sensex closes flat, bank stocks gain
Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying support from foreign... read more »
Sensex trades flat during pre-noon trade
Mumbai – A benchmark index of Indian equities markets was trading flat at 47.43 points or 0.23 percent up during the pre-noon trade Thursday. All the sectors were trading in green.... read more »
Rupee down 12 paise on dollar demand
The rupee on Thursday weakened by 12 paise to 61.91 against the dollar in early trade at the Interbank Foreign Exchange market due to demand for the U.S. currency from importers. Forex dealers said... read more »
