By Seher Dareen (Reuters) – Gold slipped 1% to a two-week low on Thursday pressured by elevated U.S. Treasury yields and firmer risk appetite, with investors expecting aggressive policy tightening by the Federal Reserve. Spot gold was down 0.6% to $1,944.85 per ounce by 1437 GMT, after hitting its lowest level since April 8. U.S. …
Gold retreats on rising yields as Fed rate hikes loom Read More »
By Aditi Shah NEW DELHI (Reuters) – India plans to impose heavy penalties and mandate recalls if electric vehicle (EV) companies are found to be negligent, as part of new “quality-centric” rules, the country’s transport minister said, after a spate of fires involving e-scooters. In the meantime, companies may take advance action to recall all …
India plans to penalise companies, mandate recalls after EV fires – minister Read More »
By Nidhi Verma NEW DELHI (Reuters) – India, the world’s third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said on Thursday after a meeting with Brazilian Energy Minister Bento Albuquerque. Currently India imports only a fraction of its oil imports from Brazil. “We have …
India keen to boost oil imports from Brazil – India oil minister Read More »
BENGALURU (Reuters) -Indian shares marked their best session since April 4 on Thursday, buoyed by sharp gains in conglomerate Reliance Industries and beaten-down information technology stocks, while automakers climbed to two-month highs. The NSE Nifty 50 index jumped 1.49% to 17,392.6, while the S&P BSE Sensex rose 1.53% to 57,911.68. The indexes are still down …
Indian shares see best day in over two weeks as Reliance, autos climb Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – Three of India’s most industrialised states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push global coal prices to new highs. The scale of the purchases and the decision to go back on …
Exclusive-India’s big industrial states plan massive coal imports to stave off shortages Read More »
By Laura Sanicola (Reuters) -Oil settled nearly unchanged on Wednesday as broader concerns about economic growth and oil demand stagnation weighed against tightening supplies. Brent crude futures rose 45 cents, or 0.4 %, to settle at $106.80 a barrel. The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at …
Oil settles mixed on Russia supply, demand concerns Read More »
By Seher Dareen and Roshan Abraham (Reuters) – Crude oil processing by Indian refiners rose 6.4% year-on-year in March to 5.28 million barrels per day (22.34 million tonnes), provisional government data showed on Wednesday, corresponding with a rise in consumption in the world’s third biggest oil importer and consumer. India’s fuel demand rose to a …
Indian refiners’ March crude processing rises 6.4% year-on-year Read More »
BENGALURU (Reuters) -Tata Steel will stop doing business with Russia, India’s largest steelmaker by revenue said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine. “Tata Steel does not have any operations or employees in Russia. We have taken a conscious decision to stop doing business with …
India’s Tata Steel to stop doing business with Russia Read More »
By Chandini Monnappa BENGALURU (Reuters) -Indian shares snapped five sessions of losses on Wednesday and closed up over 1% as conglomerate Reliance Industries hovered near fresh peaks and auto stocks rallied, while investors awaited key corporate earnings amid concerns over runaway inflation. The NSE Nifty 50 index closed 1.05% higher at 17,136.55 and the S&P …
Indian shares end higher; Reliance, auto stocks jump Read More »
By Bharat Gautam (Reuters) – Gold prices fell on Wednesday to their lowest in nearly two weeks, as an elevated U.S. dollar and Treasury yields continued to weigh on demand for bullion. Spot gold was down 0.4% at $1,941.40 per ounce at 0741 GMT, after hitting its lowest since April 8. U.S. gold futures fell …
Gold at lowest in nearly 2 weeks as bond yields, dollar weigh Read More »
