MUMBAI (Reuters) – The Indian government is aiming to raise at least 280 billion Indian rupees ($3.40 billion) through the sale of bonds on Friday. The Reserve Bank of India will likely set the cut-off yields for these notes in a range of 7.42% to 7.60%, according to a Reuters poll of 14 traders. Note …
India cenbank likely to set cut-off yield for 2032 bond at 7.51%: Reuters Poll Read More »
By Abhirup Roy and Rama Venkat MUMBAI (Reuters) -India’s market regulator on Thursday ordered Brickwork Ratings India Pvt Ltd to wind down operations within six months, citing “failure to exercise proper skill, care and diligence” while discharging duties as a credit rating agency. In a rare order, the Securities and Exchange Board of India (SEBI) …
India market regulator orders Brickwork Ratings to shut down Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices rose about 1% on Thursday, holding at three-week highs after OPEC+ agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd), the producers’ largest reduction since 2020. Brent crude futures settled at $94.42 a barrel, up $1.05, or …
Oil prices rise 1% on cuts to OPEC+ output targets Read More »
By Bharat Gautam (Reuters) – Gold prices dipped on Thursday, pressured by strength in the dollar and Treasury yields, while investors prepared for U.S. jobs data that could influence the Federal Reserve’s monetary policy trajectory. Spot gold fell 0.2% to $1,712.19 per ounce by 1358 EDT (1758 GMT). U.S. gold futures settled flat at $1,720.8. …
Gold ticks lower as investors brace for U.S. jobs data Read More »
NEW DELHI (Reuters) -Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies said on Thursday. With the agreement, Nykaa hopes to grow in a region where it sees high demand for beauty products, months after inflationary pressures in …
India’s Nykaa and Dubai’s Apparel Group forge Gulf alliance Read More »
By Sethuraman N R BENGALURU (Reuters) – A rally in metals stocks lifted Indian shares to close at near two-week highs on Thursday on the back of expected demand surge in top consumer China, while a surge in crude prices kept gains in check. The NSE Nifty 50 index rose 0.3% to 17,331.80, while the …
Metals drive Indian shares up to near 2-week high Read More »
BENGALURU (Reuters) – Shares of SpiceJet Ltd surged 9% on Thursday following reports the Indian budget carrier is likely to receive an additional loan of 10 billion rupees ($122.7 million) under the government’s modified Emergency Credit Line Guarantee Scheme. The government on Wednesday enhanced the maximum loan amount eligibility for airlines under the scheme to …
India’s SpiceJet rises on report of likely $122 million govt loan Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers’ Index fell to 54.3 in September from August’s 57.2, much lower than the Reuters poll expectation …
India Sept services growth slumped to 6-month low on cooling demand -PMI Read More »
By Brijesh Patel (Reuters) – Gold prices slipped more than 1% on Wednesday, weighed down by a jump in the dollar and U.S. Treasury yields in the run up to U.S. jobs data that could influence the Federal Reserve’s rate hike path. Spot gold was down 0.8% at $1,712.93 per ounce by 1:52 p.m. ET …
Gold retreats on comeback in U.S. dollar, yields Read More »
(Reuters) -Apple Inc is asking its suppliers to move some AirPods and Beats headphone production to India for the first time, Nikkei reported on Wednesday, in what could be an another win for New Delhi in its push for local manufacturing. Apple iPhone assembler Foxconn is preparing to make Beats headphones in India and hopes …
Apple asks suppliers to shift some AirPods, Beats production to India – Nikkei Read More »
