By Tanvi Mehta BENGALURU (Reuters) -Indian shares ended higher on Monday to snap six straight sessions of losses, as gains in consumer and bank stocks helped counter a sharp slump in metals. The NSE Nifty 50 index closed up 0.37% at 15,350.15, while the S&P BSE Sensex was up 0.46% at 51,597.84. Both indexes had …
Indian shares rebound as consumer, financials boost Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – India’s oil-to-metals conglomerate Vedanta Ltd on Monday offered to sell a copper smelter complex in southern Tamil Nadu state that was closed four years ago after police opened fire during protests which culminated in 13 deaths. Prospective buyers have until July 4 to submit expressions of interest, the …
Vedanta puts up for sale Indian copper smelter shut after deadly protests Read More »
By Aditya Kalra and M. Sriram NEW DELHI (Reuters) -Sequoia Capital India has asked a local court to dismiss a defamation lawsuit filed by one of its former general counsels, saying it was an attempt to curb its free speech rights and harm its interests, the venture capital firm’s court filing shows. Sequoia has been …
Sequoia India asks court to dismiss lawsuit by its former counsel -filing Read More »
DOHA (Reuters) – Air India is in discussions with Airbus and Boeing for the potential purchase of up to 300 narrowbody jets, industry sources said. Airbus and Boeing declined comment on the negotiations, earlier reported by Bloomberg. Air India did not respond to a request for comment. (Reporting by Tim Hepher; Editing by Sudip Kar-Gupta)
By Sudarshan Varadhan and Aftab Ahmed NEW DELHI (Reuters) – India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters. Russia, facing severe Western sanctions over its invasion of Ukraine, warned the …
Exclusive: India’s Russian coal buying spikes as traders offer steep discounts Read More »
BRUSSELS (Reuters) – The European Union and India on Friday relaunched negotiations to forge a free trade agreement, with the aim of completing talks by the end of 2023. “This partnership will become a defining moment for world trade in the 21st century,” Indian Commerce Minister Piyush Goyal told a news conference. The two sides …
EU, India relaunch talks for free trade agreement Read More »
By Kavya Guduru (Reuters) – Gold was on course to finish the week lower, falling 1% on Friday, as a stronger dollar and interest rate hikes from major central banks dented the safe-haven metal’s appeal. Spot gold was down 1% at $1,837.59 per ounce by 1:42 p.m. EDT (1742 GMT). U.S. gold futures settled down …
Gold poised for weekly fall as dollar firms, central banks raise rates Read More »
(Reuters) – Crude oil throughput by Indian refiners rose in May from a relatively low base last year, but concerns loomed over supply amid rapid demand growth in the world’s third biggest oil consumer. Indian refiners’ crude oil throughput in May rose about 19% year-on-year to 5.34 million barrels per day (22.64 million tonnes), provisional …
Indian refiners’ May crude processing rises y/y, but supply risks loom Read More »
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will explore options to ring-fence domestic payment systems including the need to mandate domestic processing of payment transactions, it said in its Payments Vision 2025 document released on Friday. “Presently guidelines are in place for domestic storage of payments data. Banks and non-bank payment …
India cenbank says will work towards ring-fencing domestic payment systems Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) -India is likely to impose a ceiling on sugar exports for a second straight year starting this October, aiming to ensure ample domestic supplies and keep a lid on local prices, industry and government sources said on Friday. India, the world’s biggest sugar producer, could cap exports …
Exclusive-India likely to impose ceiling on next season’s sugar exports – sources Read More »
