Latest news with #JananeVenkatraman
The Star
05-08-2025
- Business
- The Star
Clay valued at $3.1 billion in latest fundraise as AI continues to run hot
(Reuters) -AI startup Clay has raised $100 million in its latest fundraising round, the company said on Tuesday, valuing it at $3.1 billion, as investors continue to pour money into artificial intelligence companies. The round was led by Google-parent Alphabet's independent growth fund, CapitalG, indicating industry validation for Clay's offerings. The round brings the company's total funding to $204 million. (Reporting by Ateev Bhandari in Bengaluru; Editing by Janane Venkatraman)
Zawya
11-07-2025
- Business
- Zawya
Citigroup sets mid-2026 target of 1,150 for MSCI's global equity index
Citigroup on Friday introduced its mid-2026 target for the MSCI All Country World Index (ACWI) Local as they expect global equity markets to be rangebound until year-end, with "meaningful' gains coming in the first half of next year. The Wall-Street brokerage set a target of 1,150 for the benchmark global equity index, implying an upside of about 5% to its last close of 1,100.213. "Our targets imply the most upside in Japan and Europe over the medium term," Citi added. (Reporting by Siddarth S in Bengaluru; Editing by Janane Venkatraman)
Mint
26-06-2025
- Business
- Mint
Indian bonds flat as sell-off stalls after pricing in RBI liquidity plan
MUMBAI, June 26 (Reuters) - Indian government bonds were flat in early trading on Thursday, as investors took a breather after news of the central bank's cash withdrawal plan to tweak liquidity triggered a sell-off. The yield on the benchmark 10-year bond yield was at 6.2839% as of 10:30 a.m. IST, compared with the previous close of 6.2873%. The five-year 6.75% 2029 bond was not traded; it closed at 6.0264% in the last session. Bond yields move inversely to prices. "The news on VRRR halted a bullish momentum - those who had built positions at the start of the week took a beating," a trader with a primary dealership said. "We will now wait for Friday's auction to take a view, and volumes may remain muted till then." New Delhi is set to sell bonds worth 360 billion rupees ($4.19 billion) on Friday. The Reserve Bank of India will conduct a seven-day variable rate reverse repo (VRRR) auction worth 1 trillion rupees the same day to tweak banking system liquidity level. The liquidity surplus stood at 2.47 trillion rupees as on June 25. Reuters reported earlier that the RBI may use these rates as and when required, and that it sought market feedback to bring the call rates closer to the repo rate by conducting the VRRR auction. Trading volumes in the 6.33% 2035 bond are also expected to rise as the government plans to sell 300 billion rupees of the paper in Friday's auction. India's overnight index swap rates inched lower after a sharp rise the previous day. The rates could see some receiving pressure during the day amid growing anticipation of a U.S. rate cut, traders said. The RBI liquidity withdrawal plan pushed up trading volumes in the short-end OIS rates to a two-week high on Wednesday. The one-year OIS rate was flat at 5.52%, while the two-year OIS rate was down 1 basis point at 5.49%. The liquid five-year was down 1 basis point at 5.68%. ($1 = 85.8800 Indian rupees) (Reporting by Khushi Malhotra; Editing by Janane Venkatraman)
Zawya
24-06-2025
- Business
- Zawya
Wizz Air cancels flights to and from the UAE until June 30
Budget carrier Wizz Air is cancelling flights to and from the United Arab Emirates until June 30, a spokesperson told Reuters on Tuesday. (Reporting by Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
Economic Times
30-05-2025
- Business
- Economic Times
Rupee flips back to monthly decline, lags Asian peers
The Indian rupee declined by about 1% in May, reversing course after gaining in the previous two months, influenced by factors such as continued uncertainty over U.S. trade policies, gains in its Asian peers and a conflict between India and Pakistan. ADVERTISEMENT The rupee closed at 85.5775 on Friday, capping a day of choppy trading with a mild decline. The currency had rallied to a six-month earlier in May but shed its gains through the month. Initially, a military conflict between India and Pakistan hurt the currency but it rebounded once a ceasefire was reached. Over the rest of the month, dollar demand from corporates and foreign banks weighed on the rupee, traders said. Dollar-buying intervention by Reserve Bank of India also put a lid on the sharp appreciation above the 84.60-84.80 zone, according to one of the traders. Meanwhile, the dollar was set to end the month little changed against major peers as mild relief on the softening of U.S. trade policies, typified by the pact with China, gave way to a legal back-and-forth on the legal validity of reciprocal tariffs. ADVERTISEMENT Asian currencies were mostly stronger on the month, led by the Korean won while the offshore Chinese yuan, a closely tracked peer of the rupee, rose nearly 1%. Barclays expects the rupee to underperform its peers going forward as the RBI focuses on replenishing FX reserves and is "unlikely to want to see a renewed richening of the INR," analysts at the firm said in a note earlier this week. ADVERTISEMENT India's foreign exchange reserves stood at $685.7 billion as of May 16, about $19 billion below their all-time high hit in September 2024. Traders now await the release of India's economic growth data for the January-March quarter and U.S. PCE inflation data due later in the day. ADVERTISEMENT Economists polled by Reuters expect India's GDP to have grown 6.7% year-on-year, up from 6.2% in the previous three months. (Reporting by Jaspreet Kalra; Editing by Janane Venkatraman) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
