By Ashitha Shivaprasad (Reuters) – Gold prices drifted higher on Friday helped by a drop in U.S. Treasury yields and setting the metal on path for a fourth straight week of gains, as investors took stock of the recent inflation data out of the United States. Spot gold rose 0.5% to $1,798.86 per ounce by …
Gold gains, set for weekly rise as U.S. yields drop Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s consumer inflation dipped to 6.71% in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes next month. The year-on-year …
India’s July inflation eases to 6.71% as some commodity prices fall Read More »
BENGALURU (Reuters) -Life Insurance Corporation of India (LIC) reported a 20.4% rise in June-quarter premium income on Friday, as easing COVID-19 restrictions boosted sales of policies for the insurer that largely depends on its agents. The company, which drives its business mostly through an army of 1.3 million sales agents, was hit by pandemic-led lockdowns …
India’s LIC June-quarter premium income jumps as policy sales rebound Read More »
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – Indian government is likely to issue a new 10-year bond, hoping to draw strong investor demand and realign the entire yield curve, analysts said. “The new 10-year is expected to be priced between 7-10 basis points lower than the current benchmark levels and the entire yield curve may …
India may issue fresh 10-year bonds next week; strong demand seen – analysts Read More »
By Yuvraj Malik (Reuters) – Indian digital lending startup EarlySalary is in talks to raise $110 million in a round led by private equity firm TPG, a source with direct knowledge of the matter told Reuters. Norwest Venture Partners will also come in as a new investor in the deal, which involves some existing investors …
India’s EarlySalary in talks to raise $110 million in TPG-led funding – source Read More »
MUMBAI (Reuters) – Indian government bond yields rose in early trading on Friday, tracking a similar move in U.S. Treasuries, as investors await the weekly auction of bonds and local retail inflation data. The 10-year benchmark bond yield was at 7.3047% at 0445 GMT, after ending at 7.2673% on Thursday. It had fallen eight basis …
India bond yields rise as investors focus on auction, inflation data Read More »
BENGALURU (Reuters) – Shares of India’s digital payments firm Paytm fell 6.2% on Friday, hit by a proxy advisory firm’s opposition to reappointment of its chief executive officer and the central bank’s guidelines for digital lending apps. Institutional Investor Advisory Services has said it opposes the reappointment of Vijay Shekhar Sharma as CEO and managing …
Paytm slips 6% on questions over CEO reappointment, regulatory fears Read More »
BENGALURU (Reuters) -Indian shares steadied on Friday and were on track to end higher for a fourth straight week driven by strength in metal stocks, while investors awaited domestic inflation data for July due later. The NSE Nifty 50 index was up 0.01% at 17,660.45, as of 0425 GMT, and the S&P BSE Sensex fell …
Indian shares on track for fourth week of gains; inflation data watched Read More »
NEW DELHI (Reuters) – India’s federal government is working with its central bank to take measures and control inflation, a top government source said on Thursday. Inflationary pressure has not eased yet but should do as prices of crude oil and food items like edible oil fall, said the source, who did not want to …
Indian govt working with cenbank to control inflation – source Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the U.S. Federal Reserve even as data pointed to signs of inflation peaking. Spot gold fell 0.1% to $1,789.83 per ounce by 1741 GMT. U.S. gold futures settled down 0.4% at $1,807.2. “Gold’s been lingering …
Gold inches lower on rate hike expectations by Federal Reserve Read More »
