By Sethuraman N R BENGALURU (Reuters) – Indian shares closed lower for a fourth straight session as public sector banks and information technology companies fell on Thursday, while investors worried about aggressive interest rate hikes by the Federal Reserve after hot U.S. inflation data. The NSE Nifty 50 index and the S&P BSE Sensex ended …
Indian shares end lower as public sector banks, tech stocks fall Read More »
By Manoj Kumar NEW DELHI (Reuters) -India’s annual wholesale price-based inflation kept above 15% in June, government data showed on Thursday, but the slight easing from the prior month’s three-decade high of 15.88% strengthens prospects for more rate hikes next month by the central bank. Economists say inflation, driven by higher global crude oil and …
India’s June WPI inflation stays above 15% in June, more rate hikes seen Read More »
By Swati Bhat MUMBAI (Reuters) -The Indian rupee weakened to hit record lows against the greenback for a fourth straight session and domestic bond yields rose on Thursday after data showed the U.S. inflation rate, already at four-decade highs, accelerated even further. The dollar resumed its relentless rise, driven by both expectations for faster policy …
Indian rupee hits life low for fourth session, bond yields rise Read More »
MUMBAI (Reuters) – The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of U.S. inflation data that could determine the pace of tightening in the world’s largest economy. The partially convertible rupee was trading at 79.66/67 per dollar compared to its …
Indian rupee hits record low for a third straight session Read More »
BENGALURU (Reuters) – Indian shares gave up early gains to hit a one-week low on Wednesday as banks fell ahead of U.S. inflation data that will likely offer cues on the U.S. Federal Reserve’s rate hike trajectory. The NSE Nifty 50 index ended down 0.57% at 15,966.65, while the S&P BSE Sensex dropped 0.69% to …
Indian shares close lower as banks drag, investors await U.S. CPI data Read More »
By Noah Browning LONDON (Reuters) – The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a toll on demand. “Rarely has the outlook for oil markets been more uncertain. A …
IEA says oil market walking tightrope due to economic, supply risks Read More »
NEW DELHI (Reuters) – An Indian court on Wednesday lifted a freeze on smartphone maker Vivo’s bank accounts imposed by the country’s financial crime agency and ordering the Chinese company to provide a bank guarantee of $119 million, a lawyer for the company told Reuters. In a filing to the Delhi High Court in the …
Indian court lifts ban on Vivo bank accounts in money laundering case Read More »
(Reuters) -Shares of HCL Technologies Ltd dropped as much as 2.5% to hit a two-month low on Wednesday, a day after the Indian IT services company missed first-quarter profit estimates and disappointed on margins. HCLT on Tuesday said first-quarter profit came in at 32.83 billion rupees ($412.20 million), falling short of the average estimates of …
India’s HCL falls on Q1 profit miss, margin woes Read More »
SYDNEY (Reuters) – Japan plans to provide support to India to drive the transition to clean energy, expanding a programme it launched last year for Southeast Asian nations, Industry Minister Koichi Hagiuda said on Wednesday. Japan’s ‘Asia Energy Transition Initiative’ initially targeted supporting countries in the Association of South East Asian Nations (ASEAN) pushing towards …
Japan set to expand energy transition support to India Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown. The sharp drop followed a month of volatile trading in …
Brent crude settles below $100/bbl on higher dollar, weak demand outlook Read More »
