By Ashitha Shivaprasad (Reuters) – Gold prices eased on Tuesday after scaling an all-time high, while all eyes were on the U.S. interest rate decision that traders are betting may bring an outsized cut. Spot gold fell 0.2% at $2,577.40 per ounce by 0905 GMT after scaling an all-time high of $2,589.59 on Monday. U.S. …
Gold rally hits pause as Fed rate decision looms Read More »
BENGALURU (Reuters) – Reliance’s Jio users on Tuesday reported a network outage across India, according to outage tracking website Downdetector.com. More than 10,000 Jio users have reported the issue, according to Downdetector, which tracks outages by collating status reports from a number of sources, including user-submitted errors on its platform. Jio did not immediately respond …
Reliance Jio users report network outage across India, Downdetector shows Read More »
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) -India’s wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and cement, although prices of food staples like potatoes and onions rose sharply. August wholesale inflation was lower than the 1.85% increase …
India’s August wholesale inflation cools to 1.31% as global oil prices fall Read More »
GUJARAT (Reuters) – India’s Tata Power plans to invest about 700-750 billion rupees ($8.95 billion) to expand its renewable energy capacity over the next five to six years, Chief Executive Officer Praveer Sinha said on Tuesday. The company expects 15 gigawatt of more renewable capacity addition by 2030, added Sinha. ($1 = 83.8250 Indian rupees) …
Tata Power to invest up to $9 billion to expand renewable energy capacity Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices extended gains to an all-time high on Monday, supported by a weaker dollar and the prospect of a big rate reduction by the U.S. Federal Reserve at its policy meeting this week. Spot gold was up 0.2% at $2,581.37 an ounce by 2:32 p.m. ET (1832 GMT), …
Prospect of big Fed rate-cut keeps gold at record levels Read More »
NEW DELHI (Reuters) – The head of India’s market regulator and her husband are answering allegations of conflict of interest raised by the main opposition Congress party, and the facts have to be “taken on board”, Finance Minister Nirmala Sitharaman said on Monday, Securities and Exchange Board of India chair Madhabi Puri Buch has faced …
By Sethuraman N R GANDHINAGAR, India (Reuters) – India will connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid during the year ending March 2025, a top bureaucrat told Reuters, as it scrambles to achieve its 2030 clean energy target after falling short of a much publicised 2022 renewables …
India to add record renewables this year as green push gains momentum Read More »
By Aditi Shah NEW DELHI (Reuters) – Mercedes-Benz is seeing a rise in the number of Indian buyers opting for electric vehicles as their first luxury car, the country’s managing director told Reuters, a trend that is helping the German carmaker boost their sales. Sales of luxury cars in India are surging helping market leader …
Mercedes-Benz sees more Indian buyers choosing EVs as first luxury car Read More »
By Dimpal Gulwani and Bharath Rajeswaran BENGALURU (Reuters) -Bajaj Housing Finance’s shares more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion, nearly triple the next-biggest rival. The blockbuster listing follows strong demand for its …
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s markets regulator on Monday withdrew comments saying “outside elements” instigated complaints of a toxic work environment by its employees, and said it would address the issues “amicably and internally.” Last month, 500 employees of the Securities and Exchange Board of India (SEBI) wrote to India’s federal finance …
India markets regulator to address employee complaints internally Read More »
