By Anushree Mukherjee and John Biju (Reuters) -Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the U.S., France and Japan. Spot gold was up 1.8% at $3,956.19 per ounce as of …
Gold hits record high above $3,900/oz on Fed rate cut bets, global uncertainty Read More »
(Reuters) -Appliance maker LG Electronics India has sold shares worth about 34.75 billion rupees ($391.88 million) to anchor investors including Blackrock and the wealth funds of Singapore and Norway as part of its $1.3 billion IPO. Shares of the local arm of South Korea’s LG Electronics were allotted at the upper end of the 1,080 …
LG Electronics India’s IPO draws Norway, Singapore wealth funds as anchor investors Read More »
By Anushree Mukherjee (Reuters) -Gold prices surged to record highs above $3,900 per ounce on Monday on expectations of further U.S. rate cuts, and as investors fleeing economic and political uncertainty piled into the safe-haven precious metal. Spot gold hit an all-time peak of $3,958.57 an ounce and has climbed 48% so far this year, …
Gold blazes through $3,900/oz to new records as investors flee uncertainty Read More »
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Indian IT services company LTIMindtree announced on Monday that it had won its largest-ever deal, with two sources aware of the matter pegging the size at $580 million. The sixth largest software services exporter in India said the deal was with a leading global media and …
India’s LTIMindtree wins its largest-ever deal; sources peg size at $580 million Read More »
By Anushree Mukherjee and John Biju (Reuters) -Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the U.S., France and Japan. Spot gold was up 1.8% to $3,956.42 per ounce as of …
Gold hits record high above $3,900/oz on Fed rate cut bets, global uncertainty Read More »
By Anmol Choubey (Reuters) -Gold prices touched an all-time high on Monday, soaring above the $3,900-per-ounce level, as investors flocked to safe-haven bullion amid the U.S. government shutdown, broader economic uncertainty, and prospects of further Federal Reserve rate cuts. Spot gold was up 1.4% at $3,940.04 per ounce, as of 1108 GMT, after hitting $3,949.34 …
Gold climbs above key $3,900 level for first time on safe-haven demand Read More »
(Corrects to say that GIC Re chairperson retired last week) By Ashwin Manikandan MUMBAI (Reuters) -India’s government has begun early-stage talks with local insurers about designing a nationwide climate-linked insurance programme aimed at simplifying the payout process after extreme weather events such as heatwaves and floods. The scheme would adopt a parametric insurance model, where …
India considers introducing nationwide climate-linked insurance scheme Read More »
By Rishika Sadam (Reuters) -Eli Lilly will invest more than $1 billion in India in the coming years to boost manufacturing and supply through local drugmakers, the company said on Monday, as it seeks to tap into skilled workforce to bolster its global manufacturing expansion. The collaborations aim to increase the availability of Lilly’s key …
Eli Lilly to invest over $1 billion in India to expand manufacturing capacity Read More »
By Anushree Mukherjee and John Biju (Reuters) -Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the U.S., France and Japan. Spot gold was up 1.4% to $3,941.63 per ounce, as of …
Gold hits record high above $3,900/oz on Fed rate cut bets, global uncertainty Read More »
(Reuters) -Lenskart, which is poised to become India’s first eyewear-only company to go public, has received approval for a stock market listing, the markets regulator said on Monday. Lenskart is India’s largest organized eyewear company, operating in a market projected to grow at a double-digit pace over the next five years. Analysts at …
Indian eyeware retailer Lenskart’s IPO gets regulatory nod Read More »
