By Nidhi Verma NEW DELHI (Reuters) -Indian Oil Corp, the country’s top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting on Thursday. India, one of the world’s biggest greenhouse gas emitters, is aiming to reach …
India’s top refiner to spend $25 billion for 2046 net-zero goal Read More »
MUMBAI (Reuters) – India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday. India’s gross domestic product (GDP) in the first quarter of current fiscal year likely …
India’s robust growth gives RBI room for more rate hikes – DBS Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was little changed versus the U.S. currency on Thursday as demand for dollars from oil refiners countered positive cues from Asian peers. The rupee was trading at 79.8250 per U.S. dollar by 0456 GMT, compared with 79.8075 in the previous session. The local unit traded in …
Indian rupee flat amid dollar demand from oil refiners Read More »
By Ashitha Shivaprasad (Reuters) – Gold steadied on Wednesday as the dollar gave up some gains from earlier in the session, while investors await the Jackson Hole central bankers’ event for clues on rate hikes. Spot gold was up 0.1% at $1,749.35 per ounce by 2:29 p.m. ET (1829 GMT). It rose as much as …
Gold steadies as dollar stalls; focus on Jackson Hole event Read More »
By Chris Thomas BENGALURU (Reuters) – The Reserve Bank of India on Wednesday lifted curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S. credit card giant had shown “satisfactory compliance” on data storage rules. The RBI imposed the restrictions in April 2021 saying …
India central bank lifts curbs on AmEx after compliance on data rules Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) -Shares in India’s NDTV Ltd jumped the maximum permitted 5% to a 14-year high on Wednesday, after billionaire Gautam Adani’s conglomerate moved to take a near 30% stake in the media group that could eventually lead to it taking control. New Delhi Television’s (NDTV) shares surged far beyond the price …
India’s NDTV jumps after Asia’s richest man moves to take stake Read More »
(This Aug 22 story corrects paragraph 1 to say McLaren phased out sportscars and now only makes supercars and hypercars, after the company clarified) (Reuters) – British supercar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year. India is largely …
BENGALURU (Reuters) – Indian financial services firm SBICAP Securities, a unit of SBI Capital Markets and part of the government-owned State Bank Group, on Wednesday named Deepak Kumar Lalla as its managing director and chief executive, replacing Naresh Yadav. Lalla, who has worked at the country’s top lender State Bank of India for over 37 …
India’s SBICAP Securities names Deepak Kumar Lalla as CEO Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher versus the U.S. currency on Wednesday as exporters sold dollars, allowing the local currency to withstand a rise in oil prices. The rupee was trading at a session-high of 79.7100 per U.S. dollar at 0514 GMT, compared with 79.8625 in the previous session. …
By Tanvi Mehta BENGALURU (Reuters) -Indian shares were flat in choppy trading on Wednesday, with gains in banks offsetting losses in IT stocks. The NSE Nifty 50 index was up 0.06% at 17,587.85, as of 0530 GMT, after having fallen as much as 0.45%. The S&P BSE Sensex was up 0.04% at 59,055.44. IT stocks …
Indian shares flat in volatile trade, IT weakens Read More »
