By Nidhi Verma NEW DELHI (Reuters) – India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used, an oil ministry source said on Friday. The comment comes a day after European Union governments tentatively agreed on a $60 a barrel price cap …
India to continue buying Russian oil, ministry source says Read More »
(This Nov. 29 story has been corrected to say Ant Group, not Alibaba sold stake; and to change the source by removing the reference to the CNBC-Awaaz reporter’s tweet) BENGALURU (Reuters) – Jack Ma’s Ant Group has sold a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a …
Ant Group sells Zomato shares worth $200 million via block deal – source (Nov. 29) Read More »
BENGALURU (Reuters) -Indian shares snapped an eight-session winning streak on Friday, but held on to weekly gains, as investors took profits ahead of U.S. payrolls data that could provide more cues on a shift in the Federal Reserve’s rate-hike plans. The S&P BSE Sensex closed 0.66% down at 62,868.50, while the Nifty 50 index settled …
Indian shares snap 8-session rally, U.S. jobs data loom Read More »
BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki said on Friday it planned to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements. India’s annual retail inflation eased to a three-month low of 6.77% in October, but has remained stubbornly above the 6% upper …
By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors and banks that have stepped up their purchase of Indian government bonds in the last few weeks may buy more in December amid expectations of a policy pivot, analysts said. “Stability in terminal fed funds pricing has helped ease financial conditions and boosted demand for carry,” said …
Foreign investors, banks may step up Indian govt bond buying in Dec – analysts Read More »
By Nimesh Vora MUMBAI (Reuters) – The premiums on the Indian rupee are unlikely to fall much further, with current levels almost fully incorporating the U.S. and India interest rate differentials, analysts said. The USD/INR 1-year implied forward premium plunged almost 50 basis points (bps) in November to 1.88% – its lowest in more than …
Indian rupee premiums close to bottoming, RBI key moving part -analysts Read More »
BENGALURU (Reuters) – The highest bid India’s Reliance Capital, which is undergoing insolvency proceedings, received was 60% below its aggregate liquidation value, the Anil Ambani-led company’s administrator has let its lenders know, the Economic Times reported on Friday. The Reserve Bank of India superseded the board of Reliance Capital last year, saying it would initiate …
Best offer for Reliance Capital 60% below aggregate liquidation value – ET Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee rose on Friday, but gains were capped due to dollar demand amid a slump in the greenback after U.S. data overnight reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve. The rupee edged up 0.05% to 81.1725 per dollar by …
Rupee gains as dollar slides on U.S. data backing slower rate hikes Read More »
By Mohi Narayan NEW DELHI (Reuters) – India’s Reliance Industries, operator of the world’s largest refining complex, is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports, trade flows data from Refinitiv showed. Western sanctions against Russia over its invasion of Ukraine have led to an emergence …
India’s Reliance makes rare buy of Russian naphtha, ups fuel oil imports Read More »
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street equities made little progress in Thursday’s choppy session as investors digested economic data after a big rally in the previous session from U.S. Federal Reserve signals that it would slow its interest rate hiking pace. The U.S. dollar index fell to its lowest …
Wall Street takes a breath after Powell rally while dollar falls Read More »
