By Seher Dareen (Reuters) – Gold turned negative on Federal Reserve Chair Jerome Powell’s remarks on Wednesday that it was premature to discuss pausing rate hikes, after prices jumped over 1% as the U.S. central bank signalled future interest rate increases could be made smaller. Spot gold fell 0.5% to $1,640.05 per ounce by 3:45 …
Gold slips after Powell dashes hopes on Fed rate hike pause Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s National Bank for Financing Infrastructure Development, a development finance institution, may start disbursing loans from the current financial year, managing director and chief executive officer Rajkiran Rai G said on Wednesday. Rai said the institution is also looking to raise money by issuing longer-tenure bonds of 10 to …
India infrastructure bank to start loan disbursements in FY23 Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares dropped on Wednesday, as investors booked profits after a four-session winning streak and awaited the U.S. Federal Reserve’s guidance on future rate hikes later in the day. The NSE Nifty 50 index ended 0.34% lower at 18,082.85 at close, and the S&P BSE Sensex fell 0.35% to …
Indian shares snap 4-day gaining steak; Fed eyed Read More »
By Swati Bhat MUMBAI (Reuters) -India’s central bank will not immediately release details of a report to the government explaining why it has failed to meet its targets for inflation, Governor Shaktikanta Das said. The Reserve Bank of India’s monetary policy committee (MPC) will meet on Thursday to discuss its first ever inflation target miss, …
India’s central bank won’t immediately make letter on inflation response public Read More »
NEW DELHI (Reuters) – Delhi will pay construction labourers 5,000 rupees ($60) in one-time compensation after the government suspended most construction and demolition work to tackle the Indian capital’s air pollution, the chief minister said on Wednesday. The city government also appealed to Delhi’s 20 million people to share car journeys, work from home when …
Delhi to compensate labourers as construction stopped over pollution Read More »
BENGALURU (Reuters) -Shares of Karnataka Bank jumped as much as 20% on Wednesday, marking their biggest percentage gain in over 13 years, after the private lender more than tripled its quarterly profit. Net profit soared over 225% to 4.12 billion Indian rupees ($49.8 million) in the quarter ended Sept. 30, hitting a record high, the …
India’s Karnataka Bank shares jump on upbeat quarterly results Read More »
BENGALURU (Reuters) -The Indian government is open to letting Chinese companies enter the country’s high-tech electronics sector should they set up manufacturing plants in partnerships with local companies, the Economic Times newspaper reported on Wednesday, citing officials. A joint venture (JV) proposal could be cleared if the Indian partner holds a majority stake and controls …
India may let Chinese firms enter via JVs with local companies- ET Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Tuesday, recouping losses from the previous session, on optimism that China, the world’s second-largest oil consumer, could reopen from strict COVID curbs. Brent crude for January delivery rose $1.84, or 2%%, to settle at $94.65 a barrel. The December contract expired on Monday at $94.83 …
Oil up nearly 2% as weaker dollar offsets China concerns Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Alphabet Inc’s Google is pausing the enforcement of a policy that requires app developers in India to use its proprietary billing system for selling digital goods, following a ruling by the country’s antitrust body. Google had previously set an extended deadline of Oct. 31 for developers …
Google pauses enforcing proprietary billing system in India after antitrust order Read More »
By Seher Dareen (Reuters) – Gold rose over 1% on Tuesday as the U.S. dollar and bond yields slipped from session highs, with the focus turning to a key Federal Reserve announcement for cues on whether it would scale back or retain its aggressive stance on interest rates hikes. Spot gold rose 0.9% to $1,647.24 …
Gold rises over 1% in run-up to Fed rate announcement Read More »
