NSE eyes Rs 5.26 lakh crore valuation for September IPO
The National Stock Exchange of India Ltd (NSE) is targeting a valuation of up to Rs 5.26 lakh crore ($55 billion) for its upcoming initial public offering, according to sources familiar with…
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India factory growth slows to near 5-year low in July
India's manufacturing activity expanded at its slowest pace in nearly five years in July, with the HSBC India Manufacturing PMI falling to 53.5 from 54.2 in June, according to a survey by…
RBI holds repo rate at 5.25% for fourth straight meeting
The Reserve Bank of India's monetary policy committee on Wednesday kept the repo rate unchanged at 5.25% for the fourth consecutive meeting, choosing to retain a neutral stance. Governor Sanjay Malhotra said…
HSBC, Visa say GIFT City speeds cross-border payments for Indians
HSBC and Visa executives say GIFT City will give Indians faster access to foreign exchange and global payments. International transactions that took one to two weeks can now be confirmed on the…
Services sector growth hits 4.5-year low in July, says HSBC PMI
India's services sector grew at its slowest pace in 4.5 years in July, the HSBC India Services PMI falling to 53.3 from 57.4 in June. New business orders eased in domestic and…
India’s services sector growth slows to a four-and-a-half-year low in July
India's services sector expanded at its slowest pace in nearly four and a half years in July, with the HSBC India Services PMI Business Activity Index falling to 53.3 from 57.4 in…
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