By Laila Kearney NEW YORK (Reuters) – Oil prices sank by nearly 2% on Monday, after five straight sessions of gains, as investors worried that economic storm clouds could foreshadow a global recession and erode fuel demand. Brent crude futures settled at $96.19 a barrel, down $1.73, or 1.8%. West Texas Intermediate crude settled at …
Oil falls by nearly 2% as recession fears outweigh tight supply prospects Read More »
By Bharat Gautam (Reuters) – Gold prices fell more than 1% on Monday, as an elevated dollar and solidifying bets for an aggressive interest rate hike from the U.S. Federal Reserve pushed the non-yielding bullion to its lowest in a week. Spot gold fell 1.4% to $1,670.89 per ounce by 13:52 a.m. EDT (1752 GMT) …
Gold pulled 1% lower by strong dollar, big Fed hike bets Read More »
By Sethuraman N R and Nivedita Bhattacharjee BENGALURU (Reuters) -Tata Consultancy Services Ltd <TCS.NS> said it was seeing some softness in long-term deal decision making after India’s top IT exporter reported a bigger-than-expected rise in second-quarter profit on Monday. The Mumbai-based company’s order book for July-September stood at $8.1 billion, consisting of several small- and …
India’s TCS sees softness in long-term deals after second-quarter beat Read More »
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – The yield on the benchmark Indian government bond hit its highest level in nearly four months on Monday, tracking the relentless spike in the U.S. yields as well as oil prices. The benchmark Indian government bond yield ended at 7.4758%, highest since June 21. It had ended at …
Benchmark yield at near 4-month high on spike in U.S. yields, oil Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares fell on Monday, pulled down by automobile and consumer stocks, and as broader investor sentiment soured after a strong U.S. jobs report triggered fears the Federal Reserve would persist with aggressive rate hikes. The NSE Nifty 50 index fell 0.43% to 17,241 at close, and the S&P BSE …
Indian shares decline as U.S. rate hike fears weigh Read More »
(This Oct. 7 story has been refiled to removes reference to seasonal refinery maintenance as a part driver for lower demand in the third paragraph) (Reuters) – India’s monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed. Total monthly fuel demand in September fell 3.6% from …
India’s fuel demand slips to 10-month low in September (Oct. 7) Read More »
BENGALURU (Reuters) -U.S. private equity firm Warburg Pincus will acquire a majority stake in India’s Vistaar Finance, the small-business lender said on Monday, underscoring the rising investor interest in the Asian nation’s booming lending market. Terms of the deal were not disclosed. Vistaar Finance did not immediately respond to Reuters’ request for details of the …
Warburg Pincus to buy majority stake in India’s Vistaar Finance Read More »
NEW DELHI (Reuters) – Apple Inc’s wireless earphones AirPods will be manufactured in India, television channel CNBC TV18 reported on Monday, citing the country’s IT ministry. The iPhone 14 will be manufactured by Dec. 2022 at Foxconn’s facility near Chennai in southern India, CNBC TV18 added. Apple did not immediately respond to a request for …
India’s IT ministry says Apple AirPods to be made in India – CNBC TV18 Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee tumbled to a fresh record low against the dollar on Monday after the U.S. jobs report stoked bets of more large Federal Reserve rate hikes, while traders pointed to the Reserve Bank of India’s likely intervention to help the local currency recover some losses. The rupee …
Rupee at new record low on U.S. rate hike jitters, RBI move supports Read More »
BENGALURU (Reuters) -Shares of India’s Tata Motors Ltd fell as much as 4.6% on Monday after its Jaguar Land Rover (JLR) business wholesale volumes fell below expectations, prompting top brokerages to cut price targets and also warn of a slowdown next year. Tata Motors on Friday said JLR wholesale volumes – excluding its joint venture …
India’s Tata Motors shares fall 5% as Jaguar Land Rover wholesale volumes falter Read More »
