By Tanvi Mehta BENGALURU (Reuters) -Indian shares closed marginally higher on Thursday in a volatile session with gains held in check by weakened global markets after central bankers suggested that the inflation outlook was not improving. The NSE Nifty 50 index closed 0.07% higher at 17,956.5 while the S&P BSE Sensex was up 0.06% at …
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – Falling global oil prices and tempering inflation levels will keep Indian bond yields in tighter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset Management Company. Lakshmi Iyer, chief investment officer for debt and head products at Kotak expects the benchmark bond yield to …
Kotak MF sees India’s bond yields confined in tighter ranges Read More »
MUMBAI (Reuters) – India’s Godrej Industries Ltd plans to raise funds selling commercial papers maturing in three months, three merchant bankers said on Thursday. The company will offer a yield of 5.98% on this issue and has received commitments worth around 750 million rupees ($9.41 million), the bankers said. The notes are rated A1+ by …
MUMBAI (Reuters) – India’s worst period of macro instability is possibly over, and both consumer inflation and trade deficit are expected to moderate albeit gradually, Morgan Stanley said. “Global commodity prices were largely steady last month, with the exception of oil prices which continued to decline,” Upasana Chachra, chief India economist at Morgan Stanley, said …
India’s macro stability outlook improving – Morgan Stanley Read More »
By Aditi Shah NEW DELHI (Reuters) – Maruti Suzuki is betting that a bigger and more fuel efficient version of its small hatchback, Alto, can bring back buyers to a segment that long-dominated Indian roads but has recently lost its popularity to sports-utility vehicles (SUVs). Hatchbacks are the backbone of personal transport in India making …
India’s Maruti Suzuki aims to win over SUV buyers with new hatchback Read More »
MUMBAI (Reuters) – The Indian rupee was trading lower against the dollar on Thursday, tracking a Chinese yuan-led decline in Asian currencies. The rupee was trading at 79.6575 per U.S. dollar by 0524 GMT, down from 79.4450 in the previous session. The local currency opened at 79.60. The offshore Chinese yuan was down 0.3% at …
By Nidhi Verma NEW DELHI (Reuters) -India’s crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for the first in five months, data obtained from trade and industry sources showed. Indian refiners lifted more term supplies from Saudi Arabia …
India eases Russian oil buying in July, boosts Saudi imports -trade Read More »
By Ashitha Shivaprasad (Reuters) – Gold pared some losses on Wednesday after minutes from a Federal Reserve meeting showed the pace of future hikes would depend on incoming economic data, while the dollar also added pressure on prices. Spot gold fell 0.5% to $1,766.29 per ounce by 2:36 p.m. ET (1936 GMT). U.S. gold futures …
Gold trims losses after U.S. Fed minutes; firmer dollar weighs Read More »
MUMBAI (Reuters) – India’s ReNew Power said on Wednesday it had secured a $1 billion loan from 12 international lenders, led by Dutch-based Rabobank, in the largest external commercial borrowing for a single project in the country’s renewable sector. The loan will be used for ReNew’s hybrid, round-the-clock, battery-enabled power supply project, the renewable energy …
India’s ReNew Power secures $1 billion loan from 12 global lenders Read More »
BENGALURU (Reuters) – Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country’s East and West coasts. The two oil explorers would focus on the Krishna Godavari and Cauvery basins in the eastern …
ONGC signs agreement with ExxonMobil for deepwater exploration in India Read More »
