Reuters India Business

Gold hovers near record high on US rate-cut bets, government shutdown

By Brijesh Patel (Reuters) -Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts this year and political uncertainty. Spot gold held its ground at $3,862.07 per ounce, as of 0451 GMT, after hitting an all-time high of $3,895.09 on Wednesday. U.S. …

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Gold hovers near all-time high on Fed rate-cut bets, US shutdown

By Brijesh Patel (Reuters) -Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty. Spot gold held its ground at $3,866.05 per ounce, as of 0357 GMT, after hitting an all-time high of $3,895.09 on Wednesday. U.S. gold futures …

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Gold rallies to record high on US government shutdown and Fed rate cut bets

By Noel John and John Biju (Reuters) -Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand after a U.S. government shutdown while softer jobs data reinforced expectations the Federal Reserve will cut interest rates this month.  Spot gold was up 0.1% at $3,861.77 an ounce at 01:48 …

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GRAPHIC-Gold blazes past $3,800 on record run as silver nears fresh peak

By Anushree Mukherjee (Reuters) -Gold scored another record high on Wednesday, taking this year’s gains to 47% on mounting expectations for further cuts to U.S. interest rates, safe-haven demand and a weakening dollar.  Silver has followed suit and is up 63% this year, hovering just shy of its record high. BULL RUN GATHERS PACE  Spot …

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Gold rallies to record high on US government shutdown and Fed rate cut bets

By Noel John and John Biju (Reuters) -Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand after a U.S. government shutdown while softer jobs data reinforced expectations that the Federal Reserve will cut interest rates this month.  Spot gold was up 0.2% at $3,864.16 an ounce at …

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Andhra Pradesh’s demand for transmission fee waiver troubles Adani solar deal

By Sarita Chaganti Singh and Sethuraman N R NEW DELHI (Reuters) -A deal by Adani Green Energy to provide solar power that is already subject to a U.S. bribery investigation, faces a further challenge as its main buyer, the southern state of Andhra Pradesh, has asked for guarantees that transmission charges will be waived, three …

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LG Electronics aims to make India its global manufacturing hub with local unit’s listing

By Dhwani Pandya and Nandan Mandayam MUMBAI/BENGALURU (Reuters) -LG Electronics is looking to make India its global manufacturing hub, an executive of its Indian unit said on Wednesday, as the appliance maker revives its long-delayed listing in the country and targets a valuation of $8.73 billion. LG Electronics India [LGEL.NS], which has invested $600 million …

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Gold rallies to record high on US government shutdown, Fed rate cut bets

By Noel John and John Biju (Reuters) -Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand amid a U.S. government shutdown, while softer jobs data reinforced expectations of a Federal Reserve rate cut this month.  Spot gold climbed 0.2% to $3,866.10 per ounce, as of 09:16 a.m. …

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Most Indian carmakers snap four-month sales slump in September on festive demand, tax cuts

By Yagnoseni Das (Reuters) – Three out of four of India’s top carmakers posted a year-on-year rise in dispatches to dealers in September, snapping a four-month streak of falling sales, as higher footfalls during the festive season and consumption tax cuts fueled a demand rebound. New Delhi slashed the goods and services tax on sports …

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India’s Assam state scraps clean energy policy, threatening renewable investment

NEW DELHI (Reuters) -India’s northeastern state of Assam has withdrawn its flagship clean energy policy announced in February, according to a document reviewed by Reuters and sources with direct knowledge of the matter, clouding millions of dollars of planned investments. Earlier this year, Assam, the largest state in India’s northeast, sought to attract investments to …

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