By Swati Bhat MUMBAI (Reuters) – The Indian rupee dropped on Monday to its lowest in nearly a month against the dollar, tracking losses in the stock market and weighed by sharp gains in global crude oil prices, while bond yields pulled back from session highs on short-covering. Oil prices climbed to their highest in …
Indian bond yields off session highs on short-covering; rupee near 1-month low Read More »
BENGALURU (Reuters) -Shares of India’s Infosys Ltd fell 9% on Monday to hit an eight-month low after the company last week posted quarterly profit below expectations, raising fears of growth normalisation in the sector after a pandemic-led boom. After market hours on Wednesday, the country’s No.2 software services firm posted a consolidated net profit of …
Infosys shares fall 9% as profit miss stokes growth normalisation fears Read More »
CAIRO (Reuters) – Iraq is still maintaining its position in the Indian oil imports market despite India’s increased imports of Russian oil, state news agency INA reported on Friday, citing the state-owned marketer SOMO’s head, Alaa al-Yasiri. “Several countries including India found Russian crude oil, which is now being sold with big discounts, as an …
(Reuters) – Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Friday in line with requests from European consumers, the company said. Requests stood at 71.6 million cubic metres for Friday, down from 81.1 million cubic metres on Thursday. (Reporting by Reuters; Editing by Kirsten Donovan)
By Kevin Buckland TOKYO (Reuters) – The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43% higher at 126.40 yen after earlier reaching 126.56 …
Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low Read More »
By John Kemp LONDON (Reuters) -India faces a persistent shortage of electricity over the next four months as rapid demand growth from air conditioners and refrigeration loads overwhelms the available generation on the network. India’s grid reported a record load of 200,570 megawatts (MW) on July 7, 2021, at the height of last summer, according …
India risks widespread blackouts this summer: Kemp Read More »
CAIRO (Reuters) -Egypt added India as new wheat import origin, the state news agency reported, citing the country’s agriculture minister on Thursday. Egypt’s Supply Ministry confirmed earlier this week that it was considering this month adding wheat from India to 16 other national import origins accepted by its state grains buyer, as it seeks to …
Egypt adds India as new wheat import origin – state news agency Read More »
By Asha Sistla (Reuters) – Gold eased on Thursday after the dollar strengthened and yields rose as investors geared up for U.S. interest rate hikes, but safe-haven demand triggered by the Ukraine crisis and mounting inflation kept bullion on track to post a weekly gain. Spot gold XAU= fell 0.5% to $1,967.91 per ounce by …
Gold dips, but set for weekly gain on safe-haven demand Read More »
BENGALURU (Reuters) -India’s Tata Power Company said on Thursday that BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake. The investment is expected to fund Tata Power Renewable Energy’s aggressive growth plans in the rooftop and electric vehicle …
BlackRock, Mubadala to invest $526 million in Tata Power’s renewable energy unit Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India is likely to receive normal monsoon rains this year, the state-run weather office said on Thursday, raising prospects of higher farm and general growth in Asia’s third-biggest economy. The rains, which usually lash the southern tip of Kerala state around June 1 and retreat by September, are expected to …
India likely to get average monsoon rains in 2022 Read More »
