BENGALURU Indian shares closed higher on Tuesday, as technology stocks erased early losses and the energy index touched a record high, although there was some caution among investors due to inflationary worries from stronger crude oil prices.
BENGALURU (Reuters) -SoftBank-backed Indian hotel aggregator Oyo Hotels is seeking a valuation of $10 billion to $12 billion, a source close to the matter told Reuters, as it filed for a local listing that could be the first for a hospitality firm since 2019.
SoftBank Group-backed Oyo Hotels and Rooms is facing a legal tussle with rival Zostel ahead of its up to $1.2 billion market debut over a deal between the two Indian hospitality startups that fell apart six years ago.
BENGALURU Shares of India's top cinema chain operators, PVR Ltd and INOX Leisure, on Monday surged past their highest levels from pre-lockdown days after the states of Maharashtra and Karnataka took steps to reopen movie halls.
BENGALURU The Indian state of Karnataka, home to India's Silicon Valley, has proposed a ban on online games involving betting and wagering, sparking concerns that growing state regulations could hit the nascent but booming sector.
India's biggest car maker Maruti Suzuki warned on Tuesday its vehicle production in September will tumble by 60% due to a chip shortage, joining a slew of global automakers facing a pandemic-led paucity of critical components.
BENGALURU Indian shares ended little changed on Thursday, with losses in telecom major Bharti Airtel and metals and see-sawing banking stocks ahead of the expiry of monthly derivatives contracts countered gains in energy and consumer goods.
BENGALURU, Aug 26 Indian shares rose marginally
on Thursday, helped by a 1.5% jump in heavyweight Reliance
Industries, while banks see-sawed between gains and losses ahead
of the expiry of monthly derivatives contracts.
BENGALURU Indian blue-chip stock indexes retreated from record highs to end flat on Wednesday following a subdued start to trading in European peers, with losses in domestic financial stocks offsetting gains in technology and metal companies.
BENGALURU, Aug 25 India's blue-chip stock index
S&P BSE Sensex touched an all-time high on Wednesday, boosted by
technology and metal stocks, with sentiment aided by strength in
global peers as worries about the tapering of the Federal
Reserve's pandemic-era stimulus eased.