(Reuters) – Russia’s Sberbank said on Tuesday Indian Potash Ltd (IPL) and Belarusian Potash Company (BPC) have been in discussions about settlement details of a potash sale deal and denied it was responsible for holding up the payments. IPL set up a rupee account with Sberbank’s New Delhi branch in early February at the request …
Russia’s Sberbank says India, Belarus still discuss potash deal Read More »
By Kavya Guduru (Reuters) – Gold prices rose on Tuesday after mounting inflation concerns boosted safe-haven bids for the precious metal and as a decline in U.S. Treasury yields added support. Spot gold rose 0.6% to $1,851.63 per ounce by 10:47 a.m. EDT (1447 GMT), after hitting a one-week low of $1,836.10 earlier in the …
Gold rises as inflationary pressures mount, yields fall Read More »
BENGALURU (Reuters) -Indian shares ended lower for a third straight session on Tuesday as a surprise interest rate hike in Australia deepened worries around aggressive policy tightening ahead of a meeting of the domestic central bank. The NSE Nifty 50 index closed 0.92% lower at 16,416.35 and the S&P BSE Sensex slipped 1.02% to 55,107.34. …
Indian shares fall for third session ahead of cenbank rate decision Read More »
By Rajendra Jadhav and Aftab Ahmed MUMBAI (Reuters) -India’s palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the …
India’s May palm oil imports surge to 7-month high despite Indonesia’s ban-dealers Read More »
(Reuters) – Kohl’s Corp said on Monday it has entered exclusive negotiations with Franchise Group Inc over a potential sale of the department store operator at $60 per share. “The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements and for the parties to …
Kohl’s enters exclusive talks with Franchise Group Read More »
By Laura Sanicola (Reuters) -Oil prices settled slightly lower after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude fell 21 cents, or 0.2%, to settle at $119.51 a barrel after touching an …
Oil settles shy of $120 a barrel on OPEC+ deal, Saudi pricing Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – India on Monday reissued new rules on social media companies that it proposed then abruptly withdrew last week, making no changes but explaining that the law was needed because the companies had violated Indians’ constitutional rights. The country last week released a draft of changes …
India says new social media laws in response to rights violations Read More »
By Kavya Guduru (Reuters) – Gold prices fell on Monday, pressured by an uptick in the U.S. dollar and Treasury yields, as attention turned to U.S. inflation data this week that could strengthen the case for aggressive interest rate hikes by the Federal Reserve. Spot gold was down 0.5% at $1,841.29 per ounce by 2:03 …
Gold dips on firm dollar, yields as inflation test looms Read More »
(This story was refiled to remove picture) By Divya Chowdhury MUMBAI (Reuters) – India’s top software services exporter Tata Consultancy Services (TCS) expects the rate of staff departures to fall and demand for its services to rise as companies continue with their pandemic-hastened digitisation processes, a company executive said. More tech talent is expected to …
India’s TCS sees fall in staff attrition, robust demand for IT services -executive Read More »
By Chandini Monnappa BENGALURU (Reuters) -Indian shares ticked lower on Monday as a slump in cement makers offset gains in metal stocks at the start of a week where the central bank is expected to deliver another interest rate hike. The NSE Nifty 50 index closed 0.09% lower at 16,569.55 and the S&P BSE Sensex …
Indian shares fall for second session as cement makers slump Read More »
