BENGALURU (Reuters) – India’s aviation regulator on Wednesday ordered SpiceJet to slash its approved fleet to 50% this summer for eight weeks citing safety snags and said it will subject the domestic airline to “enhanced surveillance”. Any increase in number of departures beyond 50% would require the airline to show it has sufficient technical support …
India aviation regulator halves SpiceJet’s capacity after snags Read More »
BENGALURU (Reuters) – Indian shares rebounded on Wednesday after a shaky start to the week, closing 1% higher, as Bajaj Finance and engineering major Larsen & Toubro advanced on better-than-expected earnings, offsetting investor worries ahead of the Federal Reserve’s policy decision. The NSE Nifty 50 index closed 0.96% higher at 16,641.8, while the S&P BSE …
Indian shares rise as Bajaj Finance, L&T jump on strong results Read More »
By Swati Bhat MUMBAI (Reuters) – The Indian rupee weakened on Wednesday, tracking losses in other Asian peers, while bond yields fell in late trade tracking the downtrend in their U.S. peers ahead of the Federal Reserve’s policy meeting outcome. Money markets are betting that the Fed will raise rates by 75 basis points (bps), …
Indian rupee weakens, bond yields slip ahead of FOMC outcome Read More »
BENGALURU (Reuters) -Maruti Suzuki India Ltd, the country’s top carmaker, posted quarterly profit below estimates on Wednesday, as rising raw material costs ate into margins despite more sales at higher prices. Profit came in at 10.13 billion rupees ($126.79 million) for the quarter ended June 30, compared with 4.41 billion rupees a year ago when …
India’s top carmaker Maruti misses quarterly profit estimates Read More »
BENGALURU (Reuters) – Shares of India’s Zomato surged nearly 7% on Wednesday after several analysts projected higher profits in the near term, recovering some losses from a sharp drop in their value after a share lock-in period ended this week. Ant Group-backed Zomato made a strong debut on the Mumbai market last year, but concerns …
Zomato shares up nearly 7% as analysts project bigger order volumes Read More »
NEW DELHI (Reuters) – Alphabet Inc’s Google Maps has launched its street view service in 10 cities in India in partnership with Tech Mahindra and Genesys, a company executive said on Wednesday. The Indian government had previously rejected the rollout of the feature, which shows panoramic images of roads and other sites. The rollout was …
Google Maps launches street view service in India Read More »
By Bharat Gautam (Reuters) -Gold prices were little changed on Wednesday, as investors stayed away from taking big positions ahead of a U.S. Federal Reserve interest rate decision that could influence the outlook for bullion. Spot gold was nearly flat at $1,716.59 per ounce at 0308 GMT. U.S. gold futures dipped 0.2% to $1,713.90. The …
Gold flat as investors mark time ahead of Fed outcome Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices were stuck in a narrow range on Tuesday, as lower Treasury yields amid lingering recession woes offset a firmer dollar, while investors turned their attention to the U.S. Federal Reserve’s two-day meeting. Spot gold eased 0.1% to $1,716.91 per ounce by 1:50 p.m. EDT (1750 GMT). U.S. gold …
Gold stalls as pre-Fed verdict jitters grip investors Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a …
IMF cuts global growth outlook, warns high inflation threatens recession Read More »
By Arundhati Sarkar (Reuters) -India’s crude imports in June rose nearly 21% from a year earlier, helped by a steady increase in consumption, while refiners continued to bring in discounted Russian fuel to manage elevated global energy prices, government data showed on Tuesday. Imports in June rose to 19.21 million tonnes from 15.91 million tonnes …
India’s June crude imports up on demand recovery, Russian discounts Read More »
