BENGALURU (Reuters) – India’s top housing finance firm HDFC Ltd said on Wednesday it plans to sell a 10% stake in unit HDFC Capital to an arm of Abu Dhabi Investment Authority (ADIA) for 1.84 billion rupees ($24.09 million). The deal comes two weeks after HDFC and HDFC Bank, the country’s largest private-sector lender, floated …
India’s HDFC to sell 10% stake in HDFC Capital to ADIA Read More »
By Marcy de Luna HOUSTON (Reuters) -Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas …
Oil prices fall 5% after IMF cuts growth outlook Read More »
By Seher Dareen (Reuters) – Gold fell over 1% on Tuesday as a stronger dollar and rising Treasury yields overshadowed safe-haven inflows into bullion. Spot gold fell 1.3% to $1,953.19 per ounce by 02:30 p.m. ET (1830 GMT). U.S. gold futures settled down 1.4% at $1,959. The dollar index scaled an over two-year peak, making …
BENGALURU (Reuters) -Indian shares wiped out the session’s gains in the final hour of trade on Tuesday, with selling seen across the board after Russia said it was starting a new stage of what it calls its special military operation in Ukraine. The NSE Nifty 50 index closed 1.25% lower at 16,958.65, while the S&P …
Indian shares slide on worries over new turn in Russia-Ukraine crisis Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped …
Cryptoverse: Gold coins glimmer amid the global gloom Read More »
By Paul Lienert and Nick Carey (Reuters) – Buyers around the world are lining up to purchase electric vehicles this year even with sticker prices surging, flipping the script on a decade and a half of conventional auto industry wisdom that EV sales would break out only after battery costs dropped below a threshold that …
Analysis-Soaring battery costs fail to cool electric vehicle sales Read More »
By Seher Dareen (Reuters) – Gold rose to a one-month high on Monday, just shy of the $2,000 an ounce level, as concerns around the Russia-Ukraine conflict and rising inflationary pressures increased safe-haven bids for the precious metal. Spot gold rose 0.1% to $1,976.56 per ounce by 2:09 p.m. ET (1809 GMT), after earlier hitting …
Gold hits 1-month high on rising inflation, Ukraine war Read More »
(Corrects paragraph 3 to drop reference to “top” software services provider.) BENGALURU (Reuters) – Indian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors’ sentiment. The NSE Nifty 50 index fell 1.89% to 17,142.50, as …
Tech stocks drag Indian shares lower; Infosys hits 8-month low Read More »
(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic growth. According to Refinitiv Lipper, global investors shed bond funds worth $14.5 billion in the reported …
Global bond funds see big outflows in week to April 13 Read More »
NEW DELHI (Reuters) -India’s annual wholesale inflation rate accelerated to 14.55% in March, completing a year in double-digit territory as firms grapple with rising input costs and pass on higher prices to consumers. Rising input costs for products such as fuel, metals and chemicals have pushed up wholesale prices, a proxy for producer prices. This …
India’s March WPI inflation accelerates, adding pressure on retail prices Read More »
