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International

Vishwadha Chander

Indian shares end higher on boost from energy, tech stocks

Oct 05 2021

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.

SoftBank-backed Oyo aims for up to $12 billion valuation in India IPO

Oct 01 2021

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-backed Oyo in legal spat with rival Zostel ahead of $1.2-billion IPO

Sep 29 2021

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.

Indian multiplex shares surge as states set to unlock movie halls

Sep 27 2021

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.

India's Silicon Valley state seeks to ban online gaming, worrying booming industry

Sep 24 2021

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.

Maruti production to halve in September as chip shortage hits India's top car maker

Aug 31 2021

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.

Indian shares close little changed as metals, Airtel drag

Aug 26 2021

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.

Indian shares inch higher ahead of derivatives expiry; Reliance jumps

Aug 26 2021

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.

Indian shares flat as financials counter tech gains

Aug 25 2021

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.

India's Sensex hits record high on metals, tech boost

Aug 25 2021

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.

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