Reuters India Business

(This November 26 story has been  refiled to correct spelling of ‘prior’ in headline) MUMBAI (Reuters) – SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released on Saturday. The company reported a …

India’s Oyo Hotels reports smaller loss in July-Sept vs prior qtr Read More »

By John Kemp LONDON (Reuters) -India’s electricity transmission system passed the difficult post-monsoon period this year with far less stress than in 2021, following a major effort to improve coal stocks and a big expansion of renewable generation capacity. There was no repeat of the widespread blackouts which plagued many parts of the country in …

India’s electricity shortage erased by renewables growth: Kemp Read More »

By Jose Devasia and Munsif Vengattil KOCHI, India (Reuters) -Protesters from a fishing community blocked attempts by India’s Adani Group to restart work on a $900 million transhipment port in south India, a company spokesperson said on Saturday, prolonging a deadlock that has stalled the port’s development. Construction at Adani’s Vizhinjam seaport in Kerala state …

Deadlock deepens at Adani’s south India port as protesters block trucks Read More »

By Seher Dareen (Reuters) – Gold prices were steady below a one-week high hit on Friday as the U.S. dollar firmed, but the non-yielding metal looked set to eke out only a small weekly gain on expectations the U.S. Federal Reserve would scale back its rate-hiking stance. Spot gold was little changed at $1,754.94 per …

Gold steadies off one-week high on dollar rebound Read More »

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The Nasdaq closed Friday’s shorter session lower with pressure from Apple Inc, while the dollar gained as investors shied away from risk as they worried about consumer spending and monitored China’s reaction to a resurgence of COVID cases. Frustration simmered among residents and business groups …

Nasdaq falls and dollar rises on investor caution Read More »