By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multi-decade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most …
Global cenbanks lift rates by nearly 1,200 bps in July Read More »
By Scott Murdoch and Aditya Kalra HONG KONG/NEW DELHI (Reuters) -Uber Technologies on Wednesday sold its 7.8% stake in Indian food delivery firm Zomato Ltd for $392 million via a block trade on local exchanges, two sources familiar with the matter told Reuters. The deal was executed at 50.44 rupees per share, they said. Zomato …
Uber sells 7.8% stake in India’s Zomato for $392 million -sources Read More »
(Reuters) – Alterna Aircraft Ltd, an Ireland-based lessor of budget-airline SpiceJet Ltd, has asked India’s aviation regulator to de-register its plane. Alterna, in its request dated Monday to the Directorate General of Civil Aviation (DGCA), did not specify the reason to de-register one of its Boeing 737-800 aircraft. “This aircraft is part of early termination …
SpiceJet lessor asks India’s DGCA to de-register its Boeing aircraft Read More »
(Reuters) -India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification on Tuesday said. India cut export taxes on jet fuel to zero from 4 rupees per litre and diesel to 5 rupees per litre from 11 …
India cuts fuel export taxes, hikes tax on local crude Read More »
By Ashitha Shivaprasad (Reuters) – Gold hit its highest level in about a month on Tuesday as China-U.S. tensions and fears of a possible recession in America burnished bullion’s safe-haven appeal. Spot gold was little changed at $1,771.59 per ounce by 1:59 p.m. EDT (1759 GMT). U.S. gold futures settled 0.1% higher at $1,789.70. Expectations …
Gold near 1-month high on recession fears, China-U.S. tensions Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee hit more than a five-week high on Tuesday, as under-hedged exporters dashed to cover their positions, while falling U.S. Treasury yields kept the dollar in check amid recession fears. The partially convertible rupee ended the session at 78.7125 per dollar after touching 78.49, its highest since …
Indian rupee surges as exporters seek cover amid dollar slide Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares ended little changed on Tuesday, after four straight sessions of gains, with banking and energy stocks advancing to counter losses in information technology. The NSE Nifty 50 index was up 0.03% at 17,345.45, at close and the S&P BSE Sensex rose 0.04% to 58,136.36. Both the indexes were …
Indian shares close flat as banks offset losses in IT Read More »
MUMBAI (Reuters) – India’s Chambal Fertilisers and Chemicals Ltd plans to raise funds selling commercial paper maturing in three months, three merchant bankers said on Tuesday. The company will offer a yield of 5.85% on this issue and has received commitments worth around four billion rupees ($50.89 million) so far, the bankers said. The notes …
Chambal Fertilisers to issue 3-mnth CP – bankers Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said. Lower gas supplies will affect impact India’s …
India’s GAIL rationing gas as former Gazprom unit cuts supplies Read More »
By M. Sriram MUMBAI (Reuters) – Zomato, the Indian food delivery company backed by China’s Ant Group, is considering reorganising its management so that each of its individual businesses would have its own CEO, while the parent company would be renamed “Eternal”, an internal company memo seen by Reuters said. Zomato’s CEO Deepinder Goyal in …
India’s Zomato plans new management structure, with multiple CEOs -memo Read More »
