By Anushree Mukherjee (Reuters) -U.S. gold futures surged past the $4,000 per ounce milestone for the first time on Tuesday, driven by expectations of a Federal Reserve rate cut later this month and persistent safe-haven demand due to the ongoing U.S. government shutdown. U.S. gold futures for December delivery rose 0.6% to $3,998.50 by 1028 …
US gold futures top $4,000 mark as record run gathers pace Read More »
By Abhijith Ganapavaram NEW DELHI (Reuters) -India’s civil aviation minister denied on Tuesday there was any “manipulation” in an official investigation into the crash of an Air India Dreamliner in June, after the father of the flight’s captain complained about the actions of investigators. It was the first official reaction to a complaint by Pushkar …
(Reuters) -Godrej Consumer Products said on Tuesday core profit in its consolidated business is likely to decline in the second quarter on account of a temporary sales disruption after the government’s sweeping goods and services tax (GST) cuts. The company, known for its ‘Cinthol’ brand of soaps, added in the second-quarter business update that it …
India’s Godrej Consumer says second-quarter core profit likely to decline Read More »
MOSCOW (Reuters) -Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said. Indian refiners continue to buy Russian oil despite punitive U.S. tariffs on goods imported from India after it defied a demand …
By Anushree Mukherjee (Reuters) -Gold extended its record-breaking rally on Tuesday, hovering just $22 shy of the $4,000 per ounce milestone, driven by expectations of a Federal Reserve rate cut later this month and persistent safe-haven demand amid the ongoing U.S. government shutdown. Spot gold was up 0.4% to $3,978.01 per ounce by 0923 am …
Gold powers ahead in record-breaking run, marches towards $4000 mark Read More »
(Reuters) -LG Electronics India’s $1.3 billion IPO was fully subscribed on the first day of bidding on Tuesday, underscoring investor optimism about the country’s second-largest appliance maker in an under-penetrated market during a busy IPO season. The delayed listing of the local arm of South Korea’s LG Electronics comes after India overhauled its complex good …
LG Electronics India’s $1.3 billion IPO fully subscribed within hours of launch Read More »
(Reuters) -India’s Titan Company reported an 18% rise in domestic sales in the second quarter on Tuesday, slower than the 25% it registered during the same period last year, as soaring gold prices stunted demand for higher carat jewellery. The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based …
Indian jeweller Titan posts slower sales as surge in gold prices dent demand Read More »
(Reuters) -India’s fuel consumption hit one-year low in September, slipping by half percentage point month on month to 18.63 million metric tons, oil ministry data showed on Tuesday. WHY IT’S IMPORTANT India is the world’s third-largest consumer and importer of oil and the largest buyer of Russian seaborne crude, taking advantage of discounts on Russian …
India’s September fuel demand drops to one-year low Read More »
(Reuters) -WeWork India Management’s $338 million IPO was fully subscribed on the final day of bidding on Tuesday, driven by institutional demand even as retail investors stayed cautious about its steep valuation following recent co-working listings. WHY IT’S IMPORTANT WeWork India’s IPO is seen as a test of investor appetite in the domestic co-working space, …
By Anmol Choubey (Reuters) -Gold prices touched another record high on Tuesday, driven by strong investment demand amid broader geopolitical and economic uncertainty, with additional support from expectations of further U.S. interest rate cuts. Spot gold held its ground at $3,959.82 per ounce by 1111 GMT, after hitting an all-time high of $3,977.19 earlier in …
Gold hits record high on broader uncertainty, rate cut bets Read More »
