MUMBAI (Reuters) -Amazon and Walmart’s Flipkart have been issued with notices by an Indian government body asking why dangerous acids are available on their sites after a schoolgirl was the victim of an acid attack. The Delhi Commission for Women, a local body that looks after women’s issues, said in the notice that it had …
Amazon and Flipkart challenged in India over sale of acid on sites Read More »
(Corrects rapeseed area metric in fifth paragraph to hectares, not tonnes) By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – Rapeseed output in India is likely to rise to a record high in 2023 as higher prices have encouraged farmers to plant the main winter oilseed on nearly 9% more area than a year …
India eyes record rapeseed crop as high prices prompt farmers to plant more Read More »
BENGALURU (Reuters) – Indian shares suffered their steepest drop in two months on Thursday, in a broad-based decline after the U.S. Federal Reserve signalled that the interest rate hikes might continue for longer than expected. The Nifty 50 index closed 1.32% lower at 18,414.90, with 45 constituents in the red. The S&P BSE Sensex lost …
Indian shares log worst day in two months on hawkish Fed commentary Read More »
By Nidhi Verma NEW DELHI (Reuters) – India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land, three sources familiar with the matter said. Hurdles in land purchases are one of the key reasons for sluggish …
India may split planned mega refinery to various sites – sources Read More »
NEW DELHI (Reuters) – Wheat stocks in India’s government warehouses will fall by about 13% by early next month from current levels but will be sufficient for welfare schemes of the country, the ministry of consumer affairs and food said on Thursday. Wheat stocks in government warehouses for December fell to the lowest in six …
India’s wheat stocks to fall further but sufficient, government says Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the dollar on Friday and forward premiums fell after the U.S. Federal Reserve forecasts indicated no rate cuts next year. The rupee was quoting at 82.6425 per U.S. dollar by 09:54 IST, down from 82.46 in the previous session. The Fed increased rates by …
Rupee, premiums dip as Fed pushes back against rate cut expectations Read More »
BENGALURU (Reuters) – The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India’s federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds the G20 presidency, is hosting the group’s first meeting of finance and central bank deputies on Dec. …
G20 wants to build policy consensus on crypto assets Read More »
By Lawrence Delevingne (Reuters) -Wall Street stocks dropped on Wednesday, while Treasury yields were flat and the dollar volatile, after the U.S. Federal Reserve announced that it would raise interest rates by half a percentage point but projected additional increases by the end of 2023, a rise in unemployment and a near stalling of economic …
Wall Street sees past Fed’s lower rate hike to finish in red Read More »
By Sinéad Carew NEW YORK (Reuters) – The dollar was lower against the yen and the euro on Wednesday after first gaining ground when the U.S. Federal Reserve raised interest rates by half a percentage point as expected and said it would need to continue to raise rates. The greenback reversed course and retreated when …
Dollar loses ground after Fed raises rates, forecasts more hikes Read More »
By Kavya Guduru (Reuters) – Gold prices stalled on Wednesday as caution ahead of the U.S. Federal Reserve’s policy decision due later in the day held investors back from making large bets. Spot gold edged 0.1% lower to $1,808.79 per ounce, by 1:12 p.m. ET (1812 GMT). U.S. gold futures fell 0.3% to $1,820.00. “Today’s …
Gold steadies as investors count down to U.S. Fed outcome Read More »
