[ad_1] (Reuters) – Indian private-sector lender Lakshmi Vilas Bank Ltd will merge operations with housing finance firm Indiabulls Housing Finance Ltd in a share-swap deal, the companies said in a filing here on Friday. Shareholders
China demand firms, price dip adds to festive sparkle in India
[ad_1] MUMBAI/BENGALURU (Reuters) – Physical gold demand perked up in top bullion consumer China on a dip in prices and optimism surrounding a U.S.-China trade deal, while buying picked up pace in the Indian market
Flows to emerging markets should recover in 2019, 2020, IIF says
[ad_1] LONDON (Reuters) – The flow of fresh funds to emerging markets should recover this year and next after a flood of money over the past decade, fuelled by loose monetary policy in the United
Norway to cut 10 EM countries from wealth fund’s fixed-income benchmark
[ad_1] OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, will streamline its $300 billion fixed-income portfolio by cutting emerging market bonds from the benchmark index it tracks, the Finance Ministry said on Friday
Sensex, Nifty post seventh straight weekly gain
[ad_1] A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, June 29, 2015. REUTERS/Danish Siddiqui/Files (Reuters) – Indian shares snapped two sessions of losses to end higher on
Dutch prosecutors arrest three on suspicion of laundering $1.2 billion
[ad_1] AMSTERDAM (Reuters) – Dutch prosecutors on Friday said they have arrested three former employees of a Dutch company suspected of laundering about $1.2 billion for a client in India. The company bought materials and
Asia shares hug weekly gains, wait on U.S. jobs test
[ad_1] SYDNEY (Reuters) – Asian share markets consolidated their weekly gains on Friday as Sino-U.S. talks produced a lot of headlines but no conclusions, while caution ahead of U.S. payrolls and a holiday in China
Pakistan finance minister rules out further devaluation
[ad_1] KARACHI, Islamabad (Reuters) – Pakistan’s finance minister on Friday ruled out a further devaluation of the rupee, which has lost about 25 percent of its value over the past year, urging people to invest
Nifty, Sensex climb on strong global cues; IT, financials lead gains
[ad_1] (Reuters) – Indian shares traded higher on Friday, driven by financials and IT stocks after two sessions of consolidation, as investors lapped up upbeat global cues a day after the Reserve Bank of India
Tokyo court approves 10-day detention of Ghosn; lawyer to appeal
[ad_1] Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/Files TOKYO