By Bharath Rajeswaran Dec 10 (Reuters) – Citi Research expects India’s benchmark Nifty 50 to rise to 28,500 by end-2026, up 10.3% from last close, citing an improving consumption backdrop, sustained rural demand and early signs of an urban recovery. Citi’s market outlook mirrors similar calls from HSBC, J.P.Morgan and Nomura in the last few …
Citi projects 10% rise in India’s Nifty by 2026-end on demand rebound Read More »
By Gopika Gopakumar MUMBAI, Dec 10 (Reuters) – India’s IndusInd Bank Chairman Sunil Mehta will step down after his term concludes in January, two sources with direct knowledge of the matter said, marking the latest leadership change at the private lender. The bank reported its largest-ever quarterly loss in the three months ended March 31, …
By Vivek Kumar M Dec 10 (Reuters) – Shares of e-commerce firm Meesho jumped about 58% in their debut on Wednesday, giving the company a valuation of 789.3 billion rupees ($8.78 billion) and signalling strong demand for India’s mass-market fashion and lifestyle segment. The stock listed at 162.5 rupees on the National Stock Exchange of …
E-commerce firm Meesho notches $8.8 billion valuation in blockbuster India debut Read More »
By Caroline Valetkevitch NEW YORK, Dec 9 (Reuters) – Most major stock indexes dipped, while the dollar and U.S. Treasury yields edged higher on Tuesday before a likely interest rate cut from the Federal Reserve but also possibly hawkish comments from policymakers. Treasury yields and the dollar gained after the release of U.S. labor market …
Stocks slip ahead of Fed announcement; yields, dollar up slightly Read More »
By Nicole Jao NEW YORK, Dec 9 (Reuters) – Oil prices edged lower on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia’s war in Ukraine, concerns about ample supply and a looming decision on U.S. interest rates. Brent crude futures settled down 55 cents, …
Oil settles down about 1% as traders focus on Ukraine peace talks, Fed policy decision Read More »
By Anjana Anil and Anushree Mukherjee Dec 9 (Reuters) – Gold gained on Tuesday as traders remained optimistic ahead of the U.S. Federal Reserve’s interest rate decision, while silver rose to hit an unprecedented $60 per ounce milestone amid supply constraints. Spot gold rose 0.6% to $4,211.77 per ounce by 03:21 p.m. ET (2021 GMT). …
Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone Read More »
Dec 9 (Reuters) – India’s Aditya Birla Renewables said on Tuesday that BlackRock’s infrastructure fund will invest 20 billion rupees ($222.50 million) and take a minority stake in the green-energy company. BlackRock’s Global Infrastructure Partners will also have a “greenshoe option” to invest a further 10 billion rupees in the Indian company, taking the total …
BlackRock fund to invest about $225 million in India’s Aditya Birla Renewables Read More »
By Abhijith Ganapavaram NEW DELHI, Dec 9 (Reuters) – India has ordered IndiGo to cut 10% of its planned flights after the airline scrapped at least 2,000 services last week because of poor pilot roster planning, leaving tens of thousands of passengers stranded. The cut, raised from an earlier 5%, was announced by civil aviation …
India orders IndiGo to cut 10% of flights after mass cancellations Read More »
Dec 9 (Reuters) – Spot silver hit the $60 per ounce mark for the first time ever on Tuesday, driven by a market deficit and increasing demand for the white metal. (Reporting by Anjana Anil and Anmol Choubey in Bengaluru; Editing by Krishna Chandra Eluri)
By Manoj Kumar and Shivangi Acharya NEW DELHI, Dec 9 (Reuters) – India and the European Union will work to seal a long-pending trade deal at the earliest opportunity, New Delhi said on Wednesday, after concluding another round of talks amid signs that a year-end deadline may slip. Indian Commerce Minister Piyush Goyal met an …
India and EU will push for trade deal as deadline approaches, Indian minister says Read More »
