By Rajendra Jadhav MUMBAI (Reuters) – India raised its wheat production estimate on Wednesday even as other forecasters and traders were scaling down output numbers because of a heatwave. The world’s second biggest grains producer harvested 106.84 million tonnes of wheat in 2022, slightly higher than the previous estimate of 106.41 million tonnes, the government …
India raises wheat output estimate but local prices surge Read More »
MUMBAI (Reuters) – India’s TMF Holdings plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The non-banking finance company will offer a yield of 6.25% on the issue and has received commitments worth around one billion rupees ($12.59 million), the bankers said. The notes are rated A1+ …
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – Indian government bond yields declined on Wednesday, with the 10-year notes posting its biggest single day drop in two months in line with the slump in oil. Meanwhile, commentary from Goldman Sachs on including Indian bonds in global indexes aided sentiment. The benchmark 10-year government bond yield ended …
India 10-year bond yield sees biggest drop in 2 months tracking oil Read More »
COPENHAGEN/NEW DELHI (Reuters) – Carlsberg said on Wednesday it had won an arbitration case that was filed by its joint venture partner in India, following a row over the Danish brewer’s business practices in the country. The Copenhagen-based brewer has for years been locked in a commercial dispute with partner, Nepal-based Khetan Group, amid an …
Carlsberg wins arbitration case brought by venture partner in India Read More »
BENGALURU (Reuters) -India’s Akasa Air said on Wednesday it would keep adding one new aircraft every two weeks after the country’s newest budget carrier received its third plane. Akasa began commercial operations on Aug. 7 with a maiden flight from the country’s financial capital, Mumbai, to the city of Ahmedabad. Founder and Chief Executive Officer …
India’s Akasa Air to add one aircraft every two weeks Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years. Higher demand in India, the …
Investment demand to lift India’s silver imports to record high Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s gains against the U.S. currency on Wednesday are likely to be stalled by dollar outflows by corportaes and the U.S. Federal Reserve’s hawkish outlook, some analysts said. The rupee was trading at 79.4250 per U.S. dollar by 0638 GMT, up from 79.6550 on Friday. The local …
Indian rupee upside capped by corporate outflows, Fed stance-analysts Read More »
By Nidhi Verma NEW DELHI (Reuters) -The United States has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers, a top Indian central banker said on Saturday. U.S. sanctions on Russia for its February invasion of Ukraine prohibit imports to …
US tells India that Indian ship used to reroute Russian-linked fuel to New York Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell about 3% on Tuesday to their lowest since before Russia’s invasion of Ukraine as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports. Brent crude futures fell $2.76, …
Oil falls to 6-mth low on economic data, awaits news of Iran nuclear deal Read More »
By Ashitha Shivaprasad (Reuters) – Gold edged lower on Tuesday as the dollar held close to a near three-week high, while investors awaited direction on interest rate hikes from minutes of the U.S. Federal Reserve’s last meeting. Spot gold fell 0.2% to $1,774.79 per ounce by 1730 GMT, after a more than 1% decline on …
Gold eases as dollar holds ground; investors await Fed cues Read More »
