By Sethuraman N R BENGALURU (Reuters) – Indian shares ended at a more than six-week high on Wednesday, led by strong gains in technology firms and as oil producers climbed after the government slashed windfall taxes on local crude sales and fuel exports. The NSE Nifty 50 index ended 1.1% higher at 16,520.85, while the …
Tech, energy stocks propel Indian shares to over six-week high Read More »
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI (Reuters) -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware of the central bank’s thinking told Reuters. The rupee has lost over …
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – U.S. lobby groups representing Facebook and Twitter are concerned India’s plan to form a government panel to hear appeals against content moderation decisions could lack independence, documents seen by Reuters show. The proposed policy change is the latest flashpoint between India and technology giants which …
U.S. lobby groups cast doubts over independence of India content appeal panel Read More »
By Nidhi Verma and Rajendra Jadhav NEW DELHI (Reuters) – India plans to secure fertiliser supplies and hedge against price rises by expanding its footprint in mineral-rich countries through investments and multi-year import deals, fertiliser minister Mansukh Mandaviya said on Wednesday. The chase for supply security comes as prices of key crop nutrients such as …
India to invest overseas, seek long-term deals in push for fertiliser Read More »
By Aditi Shah NEW DELHI (Reuters) – Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company’s path to profit despite high demand for its vehicles. “I was hoping to break even later this year itself. I would add a few quarters to that now,” …
Indian e–scooter maker Ather says high costs pushing back profit timeline Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A global gauge of stocks notched its biggest one-day percentage gain in nearly a month on Tuesday and the dollar weakened for a third straight day as expectations grew for the European Central Bank to enact a bigger rate hike than expected this week. A Reuters report that …
Stocks jump as U.S. earnings pick up, dollar falls for third session Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1%, with global benchmark Brent settling at a two-week high in volatile trade on Tuesday as traders worried about tight supplies and a weaker dollar. Brent futures rose $1.08, or 1.0%, to settle at $107.35 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.62, …
Oil settles up 1% at 2-week high on worries about tight supply Read More »
By Ashitha Shivaprasad (Reuters) – Gold inched higher on Tuesday, helped by a pullback in the dollar, as investors braced for cues on the pace of interest rate hikes from major central banks this month. Spot gold was up 0.1% at $1,710.13 per ounce by 2:12 p.m. EDT (1812 GMT). U.S. gold futures settled mostly …
Gold gains on dollar retreat, focus on cenbank cues Read More »
By Swati Bhat MUMBAI (Reuters) -The Indian rupee snapped a seven-session falling streak on Tuesday as central bank intervention and gains in domestic shares helped drive a recovery after the currency breached the 80 per dollar mark earlier in the day, dealers said. Traders said the central bank sold dollars through state-run banks intermittently through …
Indian rupee snaps 7-day falling streak on RBI intervention, share gains Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar. The NSE Nifty 50 index advanced 0.38% to 16,340.55 while the S&P BSE Sensex rose 0.45% to 54,767.62, both closing at …
Indian shares close at over 1-month high on bank, auto boost Read More »
