NUVAMA

** Exchange operator BSE's shares BSEL.NS fall 3.1%, while Angel One ANGO.NS, Nuvama Wealth NUVA.NS, Nippon Life NIPF.NS and 360 One Wam ONEW.NS slide 1%-4.5%

** Drop follows comments from NSE's managing director and CEO Ashish Chauhan at a Thursday event that regulators and exchanges will keep tightening rules to curb excessive speculation in high-risk futures and options

** Chauhan said India could adopt minimum eligibility norms for derivatives, like Singapore and the U.S., using suitability checks and financial thresholds

** It's high time India put similar measures in place so the lower strata of society is not left bleeding money in derivatives, Chauhan said

** Earlier this month, the central bank proposed rule changes that prohibit banks from lending for proprietary trading, while the government raised transaction taxes on derivatives in the union budget on Feb 1

** India's markets regulator has also rolled out multiple steps recently to cool the explosive growth in equity derivatives, where 90% of retail investors incur losses, according to an official study

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

By Khushi Malhotra and Dharamraj Dhutia

MUMBAI, Feb 11 (Reuters) - India's IIFL Finance (IIFL.NS) is set to launch its largest-ever public bond issue of 20 billion rupees ($220.60 million), its second such offering this financial year, a company official and two sources familiar with the matter told Reuters on Wednesday.

The Fairfax-backed non-banking finance company will issue bonds maturing in two years, three years and five years, with annual, monthly, and end-of-term interest payment options, according to the sources.

The company will pay an annual coupon of 8.70% on two-year bonds and 8.85% on three-year papers. It will pay 9.00% for the five-year debt.

Nirmal Jain, managing director at IIFL Finance, confirmed the details of the public bond issue and said the company aims to diversify its funding sources and expects demand for public bonds to rise.

These bonds have been assigned a rating of AA by Crisil Ratings and AA+ by Brickwork Ratings.

IIFL Capital Services, Nuvama Wealth Management and Trust Investment Advisors are the lead managers for the issue, which is likely to open for subscription next week, one of the sources said.

"The proceeds from the fundraise will be utilised for onward lending, refinancing of existing borrowings and general corporate purposes," they said.

The sources requested anonymity as they are not authorised to speak to the media.

In April 2025, the company had raised 5 billion rupees through a similar issue.

Public bonds have been picking up in India, with Indian companies raising around 71 billion rupees through public issue of bonds in the first nine months of this fiscal year, according to the Securities and Exchange Board of India.

($1 = 90.6630 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)

((khushi.malhotra@thomsonreuters.com, dharamraj.dhutia@thomsonreuters.com))

Jan 23 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH MANAGEMENT LTD DEC-QUARTER CONSOL NET PROFIT 2.54 BILLION RUPEES

• NUVAMA WEALTH MANAGEMENT LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 11.04 BILLION RUPEES

• NUVAMA WEALTH MANAGEMENT LTD - TO INVEST 1 BILLION RUPEES VIA SUBSCRIPTION IN SHARES OF NUVAMA ASSET MANAGEMENT

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Nuvama Wealth Management NUVA.NS up 2.51% to 6,652 rupees

** Stock had risen as much as 4.78% earlier in the session.

** India's markets regulator gives its approval to NUVA to act as a sponsor and set up a mutual fund business

** Final approval for registration is subject to fulfillment of certain requirements

** NUVA shares are down 6.29% in 2025 so far, outpacing the 2.6% rise in the Nifty 500 index .NIFTY500, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Oct 1 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH - SEBI GRANTED APPROVAL TO CO TO ACT AS SPONSOR AND SET UP PROPOSED NUVAMA MUTUAL FUND

Source text: [ID:]

Further company coverage: NUVA.NS

(Reuters.Briefs@thomsonreuters.com)

** Jefferies says speculation over shifting index expiries to fortnightly or monthly and aligning them on the same day could have varied impacts on India's BSE BSEL.NS and Nuvama Wealth NUVA.NS.

** Says keenly monitoring India market regulator board meeting, due later in the day

** Adds BSEL, NUVA stocks have priced-in speculations regarding the changes, stocks down 20%, ~23% since June-end; reports on the changes first started in early-July

** Share price of both BSEL and NUVA can fall further in case of monthly expiry scenarios - Jefferies

** YTD, BSEL up 24%, NUVA down ~8%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Adds details, background from paragraph 3 onwards

By Nikunj Ohri

NEW DELHI, Aug 1 (Reuters) - U.S. trading firm Jane Street is not co-operating with the income tax department in the ongoing investigation against the firm, a government source who has been briefed on the matter told Reuters on Friday.

India's income tax authorities are reviewing documents across the local offices of Jane Street and its trading partner Nuvama Wealth NUVA.NS, two sources aware of the matter had said on Thursday.

"Their servers are located outside India and access is being blocked. The books of accounts are also maintained outside the country, despite the requirement under Indian company law to maintain them in India," the source said on condition of anonymity as the proceedings are confidential.

"They have only a skeletal staff present here, who are also not co-operating," the source added.

India's tax authorities did not immediately respond to queries sent on email. An e-mail sent to Jane Street's headquarters in the U.S. outside office hours also did not get an immediate response.

India's markets regulator SEBI temporarily banned Jane Street from trading in Indian markets on July 4, alleging the firm manipulated stock indexes through its derivatives positions.

According to the regulator's order, the Jane Street group made a profit of $4.23 billion from trading in India between January 2023 to May 2025.

The U.S. brokerage has deposited $567 million in an escrow account, representing what the regulator said are "unlawful gains," in a bid to resume trading while reserving its legal rights.

SEBI has since lifted restrictions placed on the firm but the company has continued to stay away from trading in India.

(Reporting by Nikunj Ohri, writing by Swati Bhat; Editing by Sonia Cheema and Raju Gopalakrishnan)

((swati.bhat@thomsonreuters.com; x.com/swatibhat22;))

July 31 (Reuters) -

• INDIA’S INCOME TAX DEPARTMENT OFFICIALS AT JANE STREET OFFICES IN INDIA TO REVIEW DOCUMENTS - SOURCES

• INCOME TAX DEPARTMENT OFFICIALS SURVEYING OFFICES OF NUVAMA, JANE STREET’S INDIA TRADING PARTNER - SOURCES

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

** Nifty 50 .NSEI and Sensex .BSESN flat as drop in Reliance RELI.NS offsets post-results rally in Eternal ETEA.NS, gains in HDFC Bank HDBK.NS, ICICI Bank ICBK.NS

** Eleven of 13 major sectors decline; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lose 0.2% and 0.4%, respectively

** Zomato-parent ETEA jumps 8.6% on Q1 revenue surge

** HDBK, ICBK up 0.4% and 0.8%, respectively, extending Monday's rise on strong Q1

** RELI down 1.2%, after Monday's 3.2% fall, on concerns over softness in oil-to-chemicals, retail businesses

** Markets seen range-bound in near term, with earnings offering direction as U.S. tariff deadline jitters keep investors on edge, two analysts say

** Exchange operator BSE BSEL.NS, brokers Nuvama Wealth NUVA.NS, Angel One ANGO.NS rise after SEBI lifts trading curbs on Jane Street

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** India's exchange operator BSE BSEL.NS climbs 4.1%; Central Depository Services (India) CENA.NS up 1.8%

** Stock brokers Nuvama Wealth Management NUVA.NS and Angel One ANGO.NS gain 1.8% and 0.8%, respectively

** India's markets regulator said Jane Street has deposited 48.44 billion rupees into an escrow account, and requested lifting its trading restrictions

** It was not immediately clear when Jane Street might resume trading

** On July 3, regulator, SEBI, barred Jane Street from the domestic market for manipulating stock indices via derivatives

** Derivatives account for more than half of BSE's revenue, 77% of Angel One's broking revenue; Nuvama is Jane Street's India trading partner

** YTD, BSE, NUVA up 39%, ~8%, ANGO and CENA down ~8% and 2%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

** Attractive value "hard to find" in Indian equities outside financials, with MSCI India's 1-year forward PE at 23.3x, and 26.4x excluding financials, well above 10-year averages :Jefferies

** With Indian markets expected to move sideways in the near term, bottom-up stock picking will be key, brokerage says

** Adds, newly listed auto parts firm Belrise Industries BELR.NS, IT services company Sagility SAGL.NS, and Adani Energy Solutions ADAI.NS to its model portfolio

** Sagility is added by trimming Infosys' INFY.NS weight; Belrise replaces Eicher Motors EICH; and Adani Energy takes Nuvama Wealth's NUVA.NS spot following regulatory curbs on derivatives trading

** Jefferies now identifies 11 Indian stocks as value buys under its coverage (except financials)

** The changes reflect focus on selective, fundamentals-driven bets amid rich valuations, according to Jefferies

** BELR shares are up 2.1%, while SAGL and ADAI are down 1.5% and 1%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Adds closing levels, HSBC's comment

** India's Nuvama Wealth Management NUVA.NS up 3.25% to 7,497 rupees
** Private equity buyout groups CVC Capital Partners CVC.AS, Permira and EQT are separately talking with PE firm PAG to buy its controlling stake in NUVA, Economic Times reports

** HSBC also in talks, in a buyout that could be worth $1.6 billion, report says
** The four contenders have been shortlisted, report adds
** CVC CVC.AS, EQT, PAG and Nuvama did not immediately respond to Reuters' request for comment; Permira and HSBC declined to comment
** Report adds due diligence is ongoing with an aim to submit binding bids by July-end, a deadline that may be difficult to meet
** NUVA closed more than 11% lower on Friday after India's markets regulator barred trading firm Jane Street from the local securities market

** NUVA is Jane Street's India trading partner
** Shares up 7.3% YTD

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

Updates share moves, adds analyst comment

By Vivek Kumar M and Kashish Tandon

July 4 (Reuters) - Shares of some Indian stockbrokers and market intermediaries fell on Friday after the country's securities regulator barred U.S. trading firm Jane Street from the local market over alleged manipulation in derivatives trading.

The Securities and Exchange Board of India (SEBI), in an interim order dated July 3, stated that Jane Street, one of the world's largest quant trading firms, would no longer be able to participate in the domestic securities market.

The order is based on SEBI's initial investigation, and the ban will stay in place till a final order is issued after the completion of the investigation.

Jane Street, in an emailed response, disputed the findings of the SEBI interim order and said it will further engage with the regulator.

Angel One ANGO.NS, one of India's top brokerage firms, slumped 6%. Stock exchange BSE BSEL.NS was trading 6.4% lower and Central Depository Services (India) CENA.NS fell 3.5%.

Nuvama Wealth Management NUVA.NS, which is Jane Street's India trading partner, fell more than 9%. The company did not respond to a Reuters request for a comment.

Equity benchmarks Nifty 50 .NSEI and BSE Sensex .BSESN were trading flat on Friday afternoon.

Some analysts said the regulator's action could impact derivative volumes in the near term, which triggered a drop in the shares of market participants.

"We may see some nervousness or pain in the short term in terms of volumes. But market integrity is crucial from a longer-term perspective as it (the regulatory action) helps build confidence among traders," said UR Bhat, co-founder of Alphaniti Fintech.

Derivatives trading is booming in India, where participation of retail traders has skyrocketed.

In a study last year, SEBI said retail traders made net losses totalling $21.7 billion in futures and options trading in the three years to March 2024.

Most of the profits were generated by larger entities that used trading algorithms, with 97% of foreign investors' profits and 96% of proprietary traders' profits coming from algorithmic trading, SEBI said.

"We've already seen average premium turnover on the NSE and the BSE come down 17% and 13%, respectively, in June", when it became known that SEBI was investigating Jane Street, said Amit Chandra, vice president at HDFC Securities.

"What we are seeing now is a more realistic volume that we can expect and it will take some time for volumes to go up from here on," Chandra said.

(Reporting by Vivek Kumar M and Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Muralikumar Anantharaman)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))

** Shares of Nuvama Wealth Management NUVA.NS jump 3.5% to 7309 rupees

** Stock rises after TV channel ET Now reports, citing sources, that private equity firm Warburg Pincus is considering buying a majority stake in NUVA

** Nuvama Wealth Management and Warburg Pincus did not immediately respond to Reuters' request for comment

** Separately, more than 41,000 shares of NUVA change hands via block deals in price range of 7244.5-7282.5 rupees vs last close of 7062 rupees - LSEG data

** Stock up 5.5% YTD

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))

Repeats item that first ran on Wednesday

By Ira Dugal, Bharath Rajeswaran and Jaspreet Kalra

MUMBAI, May 7 (Reuters) - The latest conflict between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours.

India's $4 trillion economy has limited direct trade with Pakistan, and even its overnight cross-border missile strikes had little immediate impact on local equity, currency and bond markets, on the view that full-fledged conflict is unlikely.

"If there is a cessation of hostilities like there should be, pragmatically and practically, the investment climate may not actually be harmed," said Ajay Marwaha, head of fixed income at Mumbai-headquartered investment house Nuvama Group.

Previous conflicts have not had a lasting impact on Indian assets, Citibank analysts wrote in a note on Wednesday.

In the last such flare-up with Pakistan, in February 2019, the Indian rupee held steady and bond yields rose 15 basis points over that month but retreated later.

In June 2020, when fighting broke out between Indian and Chinese troops in the Galwan valley, the rupee weakened 1% but regained ground as the two sides disengaged, Citi analysts said.

Since U.S. President Donald Trump unveiled a slate of huge tariffs on his country's trading partners, Indian markets have in fact performed well.

"The Indian market had begun to outperform on the back of the perception that there is some insulation from Trump tariffs given the strength of domestic consumption and a clear signal of monetary loosening from the central bank," said Sat Dhura, portfolio manager at Janus Henderson Investors.

He acknowledged that: "Recent events are likely to keep foreign investors away," but added that local investment flows are likely to be sticky, helping serve as a support to the markets.

India is expected to remain the fastest-growing major economy with the central bank forecasting GDP growth of 6.5% this financial year. It is also among the best-performing of the world's big stock markets since early April, when Washington announced reciprocal tariffs on its trading partners, with the benchmark Nifty 50 .NSEI rising 4.6% since then.

Foreign investors, who had heavily sold Indian stocks from last October to March of this year, turned buyers in April and early May purchasing about $1.5 billion. They remained sellers of Indian bonds, offloading $1.7 billion since the start of April.

UAE-based asset manager NAV Capital reckons that the geopolitical flare-up may temper immediate foreign portfolio flows into India but it expects global investors to remain invested in the country unless the latest conflict spirals.

FOCUS ON TRADE DEALS

The focus, analysts said, remains on trade deals.

India sealed a long-negotiated trade agreement with the U.K. on Tuesday and discussions are ongoing for a bilateral trade agreement with the U.S.

"While sentiments are likely to be jittery in the immediate term, these tensions are unlikely to derail the medium-term appeal of the Indian economy," said Radhika Rao, senior economist at DBS Bank in Singapore.

More "substantial developments" like the just-concluded India-UK trade deal, the impending agreement with the U.S. and the central bank’s dovish policies will dictate the path of India’s growth trade outlook, Rao said.

As part of these trade negotiations, India plans to bring down high tariffs for raw materials which have prevented large-scale manufacturing to move to the country.

The impact of the conflict between India and Pakistan on any potential longer-term investment "may not be very much", said Subhash Chandra Garg, a former top government bureaucrat.

The areas bordering Pakistan are in the north and west of India but most foreign investment for manufacturing facilities is centred in southern and central India, Garg noted.

(Reporting by Ira Dugal and Jaspreet Kalra in Mumbai, Bharath Rajeswaran in Bengaluru; Editing by Hugh Lawson)

((Ira.Dugal@thomsonreuters.com; +91-9833024892;))

By Ira Dugal, Bharath Rajeswaran and Jaspreet Kalra

MUMBAI, May 7 (Reuters) - The latest conflict between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours.

India's $4 trillion economy has limited direct trade with Pakistan, and even its overnight cross-border missile strikes had little immediate impact on local equity, currency and bond markets, on the view that full-fledged conflict is unlikely.

"If there is a cessation of hostilities like there should be, pragmatically and practically, the investment climate may not actually be harmed," said Ajay Marwaha, head of fixed income at Mumbai-headquartered investment house Nuvama Group.

Previous conflicts have not had a lasting impact on Indian assets, Citibank analysts wrote in a note on Wednesday.

In the last such flare-up with Pakistan, in February 2019, the Indian rupee held steady and bond yields rose 15 basis points over that month but retreated later.

In June 2020, when fighting broke out between Indian and Chinese troops in the Galwan valley, the rupee weakened 1% but regained ground as the two sides disengaged, Citi analysts said.

Since U.S. President Donald Trump unveiled a slate of huge tariffs on his country's trading partners, Indian markets have in fact performed well.

"The Indian market had begun to outperform on the back of the perception that there is some insulation from Trump tariffs given the strength of domestic consumption and a clear signal of monetary loosening from the central bank," said Sat Dhura, portfolio manager at Janus Henderson Investors.

He acknowledged that: "Recent events are likely to keep foreign investors away," but added that local investment flows are likely to be sticky, helping serve as a support to the markets.

India is expected to remain the fastest-growing major economy with the central bank forecasting GDP growth of 6.5% this financial year. It is also among the best-performing of the world's big stock markets since early April, when Washington announced reciprocal tariffs on its trading partners, with the benchmark Nifty 50 .NSEI rising 4.6% since then.

Foreign investors, who had heavily sold Indian stocks from last October to March of this year, turned buyers in April and early May purchasing about $1.5 billion. They remained sellers of Indian bonds, offloading $1.7 billion since the start of April.

UAE-based asset manager NAV Capital reckons that the geopolitical flare-up may temper immediate foreign portfolio flows into India but it expects global investors to remain invested in the country unless the latest conflict spirals.

FOCUS ON TRADE DEALS

The focus, analysts said, remains on trade deals.

India sealed a long-negotiated trade agreement with the U.K. on Tuesday and discussions are ongoing for a bilateral trade agreement with the U.S.

"While sentiments are likely to be jittery in the immediate term, these tensions are unlikely to derail the medium-term appeal of the Indian economy," said Radhika Rao, senior economist at DBS Bank in Singapore.

More "substantial developments" like the just-concluded India-UK trade deal, the impending agreement with the U.S. and the central bank’s dovish policies will dictate the path of India’s growth trade outlook, Rao said.

As part of these trade negotiations, India plans to bring down high tariffs for raw materials which have prevented large-scale manufacturing to move to the country.

The impact of the conflict between India and Pakistan on any potential longer-term investment "may not be very much", said Subhash Chandra Garg, a former top government bureaucrat.

The areas bordering Pakistan are in the north and west of India but most foreign investment for manufacturing facilities is centred in southern and central India, Garg noted.

(Reporting by Ira Dugal and Jaspreet Kalra in Mumbai, Bharath Rajeswaran in Bengaluru; Editing by Hugh Lawson)

((Ira.Dugal@thomsonreuters.com; +91-9833024892;))

** Shares of Nuvama Wealth Management NUVA.NS up 1.9% to 5,564 rupees

** The company, which provides investment banking and brokerage services, says credit rating agency ICRA Ltd ICRA.NS reaffirmed its issuer rating assigned to Nuvama and revised outlook from stable to positive

** ICRA also reaffirms credit rating assigned to Long term/Short term non-fund-based bank lines and, revised outlook from stable to positive for unit Nuvama Clearing Services - co

** Avg rating of seven analysts is "strong buy" and median PT is 8,000 rupees, ~43.3% higher than current price - LSEG data

** NUVA nearly doubled in 2024

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

Feb 26 (Reuters) -

• PAG IS SAID TO MULL SALE OF $1.2 BILLION STAKE IN INDIA’S NUVAMA - BLOOMBERG NEWS

Source text: https://tinyurl.com/4s2fbmdv

((reuters.briefs@thomsonreuters.com;))

Jan 31 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH MANAGEMENT LTD DEC-QUARTER CONSOL NET PROFIT 2.52 BILLION RUPEES

• NUVAMA WEALTH MANAGEMENT LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 10.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

HONG KONG/SINGAPORE, Jan 13 (Reuters) - Asia-focused private equity firm PAG said on Monday that it has acquired a majority stake in Indian pharmaceutical packaging company Pravesha Industries, according to a statement.

Financial details were not disclosed in the statement. A source with knowledge of the matter said the deal gave Pravesha an enterprise value of $200 million.

PAG and Pravesha declined to comment.

"India's packaging sector has been one of our focuses, given its exposure to key themes driven by India's domestic manufacturing, consumer and industrial sectors," Nikhil Srivastava, managing director and head of India private equity, PAG's partner, said in the statement.

Founded in 1999, Pravesha produces over 15,000 metric tons of plastic bottles, closures and drums and more than two billion units of cartons, labels and leaflets annually for some of the world's largest pharmaceutical companies, the statement showed.

Meanwhile, PAG said it has also signed definitive documents to invest in an Indian rigid plastic packaging company, Manjushree Technopack Ltd MANT.M3, without disclosing financial details.

PAG has been investing in India since 2009 and currently manages over $3 billion in assets in the country, counting Nuvama Wealth Management NUVA.NS and Sekhmet Pharmaventures among its investments there, the statement showed.

PAG, whose private equity arm is led by seasoned Chinese dealmaker Shan Weijian, manages more than $55 billion in capital ranging from private equity to credit, according to its website.

(Reporting by Kane Wu in Hong Kong and Yantoultra Ngui in Singapore; Editing by Michael Perry)

((Yantoultra.Ngui@thomsonreuters.com;))

** Shares of Nuvama Wealth Management NUVA.NS slip 5.7% to 6,878 rupees

** Edel Finance and Ecap Equities have launched 17.3 billion rupees ($203.9 million) block share sale at floor price of 6,800 rupees, 6.8% discount to prev close, IFR reports

** Edel Finance, Ecap Equities exiting NUVA - IFR

** Edel Finance and Ecap Equities hold 3.74% and 3.58% in co, respectively

** About 4.3 mln shares change hands in most active session ever

** Nuvama Wealth did not immediately respond to Reuters request for comments on block deals

** NUVA shares up 91% YTD

($1 = 84.8650 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

Nov 27 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH MANAGEMENT - NWIL GOT WARNING BY NSE TO ENSURE NON-RECURRENCE OF OBSERVATION

• NUVAMA WEALTH - NSE'S APPREHENSION THAT NWIL FACILITATED CLIENT TRANSACTIONS THROUGH GROUP CO

Further company coverage: NUVA.NS

((reuters.briefs@thomsonreuters.com;))

Oct 25 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• SEPT-QUARTER CONSOL NET PROFIT 2.58 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 10.51 BILLION RUPEES

• DIVIDEND OF 63 RUPEES PER SHARE

Source text for Eikon: ID:nNSE3yBCKW

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

Oct 8 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH MANAGEMENT LTD - SEBI HAS ISSUED AN ADMINISTRATIVE WARNING

• NUVAMA WEALTH MANAGEMENT - WARNING ABOUT INSPECTION CARRIED OUT FOR MERCHANT BANKING ACTIVITIES

Source text for Eikon: ID:nBSE3KFVDY

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

July 26 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH MANAGEMENT LTD - DIVIDEND 81.50 RUPEES PER SHARE

• NUVAMA WEALTH MANAGEMENT JUNE-QUARTER CONSOL NET PROFIT 2.21 BILLION RUPEES

• NUVAMA WEALTH MANAGEMENT JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 9.49 BILLION RUPEES

Source text for Eikon: ID:nNSE21fpGH

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

July 22 (Reuters) - Nuvama Wealth Management Ltd NUVA.NS:

• NUVAMA WEALTH AND INVESTMENT JUNE-QUARTER NET PAT 422.6 MILLION RUPEES

• NUVAMA WEALTH AND INVESTMENT JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 3.80 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: NUVA.NS

((Reuters.Briefs@thomsonreuters.com;))

Updates with comments from India IT minister, details

By Jayshree P Upadhyay and Jaspreet Kalra

MUMBAI, July 19 (Reuters) - Several Indian airlines and airports and traders at some brokerages said they faced technical and operational disruptions on Friday amid a global IT outage.

India's minister for information technology in a post on X said the ministry was in touch with Microsoft and its associates regarding the global outage.

An update to a product offered by global cybersecurity firm CrowdStrike CRWD.O appeared to be the trigger, affecting customers using Microsoft's MSFT.O Windows Operating System. Microsoft said later on Friday the issue had been fixed.

"The reason for this outage has been identified and updates have been released to resolve the issue," India's minister for information technology Ashwini Vaishnaw said.

"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," Indian airline SpiceJet SPJT.BO said on social media platform X.

Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.

New Delhi, Bengaluru, Chennai and Mumbai airports said they too faced some IT issues and some services were temporarily affected.

While India's brokerage firms faced technical issues, stock exchanges were not impacted. NSE and BSE said that their operations were running normally.

Among the brokerages in India, Nuvama Wealth Management NUVA.NS, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities IIFS.NS, 5Paisa Capital PAIS.NS and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.

Edelweiss Mutual Fund posted on X that its systems were facing login issues which it was working to resolve. Nuvama in a statement to Reuters said it had seen a limited impact due to the global outage.

Other brokerage firms did not immediately respond to requests for comment.

India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.

Banking sources said that the major banks have not faced any technical issues.

A source at the country's central bank said they were aware of the global outage but their systems were functional.

Major U.S. airlines also issued ground stops citing communications issues while some other airlines, banks, media and hospitals around the world were also among those affected by the outage.

CrowdStrike CEO George Kurtz said on X that the company was "actively working with customers impacted by a defect found in a single content update for Windows hosts" and that a fix was being deployed.

"This is not a security incident or cyberattack," Kurtz said in the post.

(Reporting by Jayshree P Upadhyay and Jaspreet Kalra; Writing by Swati Bhat; Editing by Tom Hogue and Susan Fenton)

((swati.bhat@thomsonreuters.com; twitter.com/swatibhat22; Reuters Messaging: swati.bhat.thomsonreuters.com@reuters.net))

** Indian road developers must work to diversify across segments since "their ability to win adequate road orders at desired margins" is "under question", says brokerage Nuvama

** Brokerage flags high competition and ordering activity lull in first two months of FY25

** Road construction declined 12% y/y in April-May period with no new projects from National Highways Authority of India (NHAI) - note

** Nuvama says interim budget's 3% y/y rise in road capex is "muted" and "accentuates the concerns on road awards"

** Brokerage prefers PNC Infratech PNCI.NS for "robust balance sheet", stock up 2.2% on the day

** Rivals IRB Infrastructure Developers IRBI.NS and Dilip Buildcon DIBL.NS up 0.4% and 0.8% respectively

** Road capex allocation in July budget to "watch out for"; with elections behind, muted road ordering trend seen in FY24 may change by end-FY25 - note

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

BENGALURU, June 19 (Reuters) - Indian liquor company Allied Blenders and Distillers (ABD) on Wednesday filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo DGE.L and Pernod Ricard PERP.PA.

ABD, which sells whisky brands such as Officer's Choice and Sterling Reserve in India's estimated $33 billion spirits market, said it would issue new shares worth up to 10 billion rupees ($120 million) as a part of the offering.

The company aims to use proceeds from that sale to reduce some of its outstanding borrowings, it said.

Meanwhile, existing shareholders in the firm will sell shares worth up to 5 billion rupees, ABD added.

As of the end of March 2023, the liquor maker's total liabilities had risen roughly 13% year-over-year. Over the same period, its consolidated revenue dipped 1.3% while profit after tax increased 8.5%.

ICICI Securities, Nuvama and ITI Capital are book-running lead managers to ABD's IPO.

India has smashed records at home and globally for the number of its IPOs, at a time when the domestic equity market has surged to all-time highs on economic growth prospects and a vast consumer base, making it an attractive destination for companies and investors.

Last week, South Korean carmaker Hyundai Motor 005380.KS filed draft papers for listing its Indian unit, which could be the country's largest public flotation.

($1 = 83.4135 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mark Potter)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))