By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India’s inflation is likely to ease in the coming months, partly due to fall in commodity prices, India’s finance ministry said in a monthly economic report. India’s annual retail inflation has remained above the central bank’s tolerance limit of 2% to 6% since January, even …
India says falling commodity prices to ease inflationary pressures Read More »
By Kavya Guduru (Reuters) – Gold prices rose to a near one-week high on Thursday, after minutes from the U.S. Federal Reserve’s November meeting signalled it may soon slow the pace of interest rate hikes. Spot gold rose 0.5% to $1,757.91 per ounce, as of 1016 GMT. U.S. gold futures advanced 0.7% to $1,757.10. The …
Gold firms as Fed signals slowdown in rate hikes Read More »
BENGALURU (Reuters) – Amazon.com Inc said on Thursday it would shut down its online learning platform for high-school students in India less than two years of its launch, without citing a reason. The Amazon Academy platform, launched early last year amid a boom in virtual learning during the COVID-19 pandemic, offered coaching for competitive exams …
Amazon to shut down online learning academy in India Read More »
BENGALURU (Reuters) -India’s Bisleri International is in talks to sell itself to salt-to-software conglomerate Tata Group, the packaged water company’s chairman, Ramesh Chauhan, said in a CNBC-TV18 interview. Chauhan, however, denied during his interview that a deal was being finalised. Earlier, the Economic Times reported citing Chauhan that Tata Consumer Products would buy the company for …
Bisleri chairman says he is in talks to sell company to Tata Group -CNBC-TV18 Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the dollar on Thursday after weak U.S. data and Federal Reserve minutes reinforced expectations of less aggressive U.S. rate hikes, although the local currency underperformed its Asian peers. The rupee was trading at 81.6850 per dollar by 0520 GMT, up about 0.2% …
Rupee inches higher on broad dollar losses, lags Asian peers Read More »
By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most policymakers at the central bank agreed it would soon be appropriate to slow the pace of interest rate hikes. The readout of the Nov. …
By Seher Dareen (Reuters) – Gold prices extended gains on Wednesday as minutes from the U.S. Federal Reserve’s November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.5% to $1,749.04 per ounce by 2:38 p.m. ET (1938 GMT), while U.S. gold futures settled 0.3% higher at …
Gold rises as Fed sees rate hikes slowing down ‘soon’ Read More »
NEW DELHI (Reuters) – Carmaker Stellantis is exploring opportunities to build compact electric vehicles (EV) in India for export, but is yet to take a final decision, its chief executive Carlos Tavares said on Wednesday. “So far, Europe is unable to make affordable EVs, so the big opportunity for India would be to be able …
Stellantis explores making compact electric vehicles in India – CEO Read More »
MUMBAI (Reuters) – State Bank of India, the country’s largest lender, expects to sustain its current pace of credit growth while aiming to keep its net non-performing asset ratio below 1%, its top executive said on Wednesday. After announcing results for the June-September quarter earlier this month, the bank said it expects credit growth of …
India’s SBI aims to keep net bad loan ratio under 1% Read More »
By Bharath Rajeswaran and Akansha Victor BENGALURU (Reuters) – Indian stocks settled slightly higher on Wednesday, helped by the unrelenting rally in bank stocks, though trading remained cautiously in a narrow range ahead of the minutes of the U.S. Federal Reserve’s November policy meeting. The benchmark S&P BSE Sensex closed up 0.15% to 61,510.58, while …
India shares edge higher as bank stocks rally; Fed minutes in focus Read More »
