(Corrects throughout to say Air India leasing six, not 12 more aircraft after airline changes statement) NEW DELHI (Reuters) – Tata group-owned carrier Air India said on Monday it will lease six more Boeing aircraft, days after the Indian conglomerate announced the airline’s merger with Vistara. The aircraft, expected to be inducted in the first …
Tata Group’s Air India to lease six more aircraft Read More »
BENGALURU (Reuters) -Indian shares closed largely flat on Monday as upbeat November services activity data helped reverse earlier losses in the final minutes of a volatile session. The S&P BSE Sensex closed 0.05% lower at 62,834.60. The NSE Nifty 50 index settled 0.03% higher at 18,701.05. Both the indexes fell as much as 0.6% earlier …
Indian shares end flat, bullish services data help erase losses Read More »
MUMBAI (Reuters) – The Indian rupee extended losses against the U.S. currency on Monday on likely stop losses and dollar outflows, traders said. The rupee was down 0.5% to the dollar at 81.7500, a rank underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher. The inability of the pair …
Indian rupee slips to 81.75 on stop losses, possible dollar outflows Read More »
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle decade high inflation. Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes …
Global central banks extend rate hike push in November Read More »
A look at the day ahead in European and global markets from Tom Westbrook: The Fed is in blackout and the World Cup is starting to get serious. And this week’s calendar is relatively light, leaving traders free to focus on the soccer, save for the U.S. ISM services survey and European retail sales data …
By Indradip Ghosh BENGALURU (Reuters) – India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years, according to a business survey, which also showed prices rose at the fastest rate since July 2017. The S&P Global India services purchasing managers’ index …
India’s Nov services activity growth hit 3-month high, high inflation a concern Read More »
By Milounee Purohit and Indradip Ghosh BENGALURU (Reuters) – India’s house prices will rise steadily in the next few years roughly in line with overall economic growth, with low chances of a significant slowdown over the coming year, according to property experts in a Reuters poll. The findings highlight how the housing market, one of …
India’s housing market to remain resilient, defying global downtrend: Reuters poll Read More »
By Aditya Kalra, Sarita Chaganti Singh and Aftab Ahmed NEW DELHI (Reuters) – India’s planned regulation of online gaming will apply to all real-money games after the prime minister’s office overruled a proposal to only regulate games of skill and leave out games of chance, according to a government document and three sources. The much-awaited …
India plans federal oversight of all real-money online games Read More »
By Munsif Vengattil KOZHIKODE, India (Reuters) – India’s Kerala state will proceed “no matter what” with a $900 million port project and is open to deploying federal police if needed to protect it from protesters blocking construction, a government minister told Reuters on Saturday. The local fishing community, led by Catholic priests, has blocked construction …
Indian state will proceed ‘no matter what’ with protest-hit Adani port-minister Read More »
By Seher Dareen (Reuters) – Gold prices slipped on Friday, retreating from a near-four month high, after robust U.S. jobs data fanned concerns that the Federal Reserve might stick with its aggressive monetary policy tightening. Spot gold fell 0.4% to $1,794.96 per ounce by 2:21 p.m. ET (1921 GMT), after earlier hitting its highest since …
Gold retreats from near 4-month peak on positive U.S. jobs data Read More »
