BENGALURU (Reuters) – India’s JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion). The energy unit will buy a portfolio of solar and wind power assets with a capacity of 1,753 megawatts, boosting parent …
JSW Energy unit to buy $1.3 billion renewable assets from Mytrah Energy Read More »
By Arsh Tushar Mogre BENGALURU (Reuters) – India’s retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India’s upper tolerance limit for a seventh consecutive month, a Reuters poll found. Food prices, which account for nearly half of the consumer price …
India’s retail inflation likely eased in July, still far from RBI’s target: Reuters poll Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices gained on Tuesday supported by a softer dollar, while market participants awaited U.S. inflation data for cues on the Federal Reserve’s policy tightening path. Spot gold was 0.4% higher at $1,794.76 per ounce by 10:52 a.m. ET (1452 GMT), while U.S. gold futures rose 0.4% to $1,811.40. A …
Gold ticks up on softer dollar, spotlight on U.S. inflation data Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record high domestic prices in the world’s second-biggest producer, government and trade officials told Reuters on Monday. Late in the day, the trade ministry said it would restrict …
India could scrap wheat import duty to cool domestic prices, say sources Read More »
NEW DELHI (Reuters) – India’s Chennai Petroleum Corp said on Tuesday it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery in southern India, following an order by the Tamil Nadu state pollution control board. Production at the refinery has been reduced on a ‘temporary basis’ and the company …
Chennai Petroleum cuts crude runs by 25% at southern India refinery Read More »
(Reuters) -India’s fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June. “India’s fuel demand outlook is improving as the …
India’s July fuel demand rises 6.1% year-on-year Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices rose on Monday following a pullback in the dollar and U.S. Treasury yields, while investor focus shifted to U.S. inflation data for clues on the Federal Reserve’s rate hike plan. Spot gold rose 0.8% to $1,787.39 per ounce by 2:25 p.m. ET (1825 GMT). U.S. gold futures also …
Gold gains as dollar, yields slip; focus on U.S. inflation data Read More »
By Nupur Anand and Aditi Shah MUMBAI (Reuters) -Three Indian banks have internally categorised loans to SpiceJet Ltd as being at “high risk” though the airline has not defaulted, people with knowledge of the matter said, drawing a denial from the airline. IDFC First Bank, Yes Bank and Indian Bank are concerned about SpiceJet’s cash …
SpiceJet loans ‘high risk’ for some lenders, say sources Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares closed at a near four-month high on Monday, led by metals and automobile stocks, as cooling oil prices and strong buying from foreign investors lifted sentiment. The NSE Nifty 50 index rose 0.73% at 17,525.10 and the S&P BSE Sensex climbed 0.8% to 58,853.07. The benchmark indexes …
India shares close at near 4-month high as metals, autos gain Read More »
NEW DELHI (Reuters) -India is seeking to restrict Chinese companies from its sub-$150 phone market in a bid to revive the prospects of domestic players, Bloomberg News reported on Monday, citing unidentified sources. The move would be a blow to Chinese companies such as Xiaomi, according to the report https://bloom.bg/3QbVvAu. The plans coincide with rising …
India considers restricting sale of sub-$150 phones by Chinese firms -Bloomberg News Read More »
