BENGALURU (Reuters) -Holcim, the world’s largest cement maker, may exit India, putting its twin listed arms Ambuja Cements Ltd and ACC Ltd up for sale, the Economic Times reported, citing multiple people aware of the decision. The Swiss conglomerate is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore …
Holcim considers sale of Indian arms Ambuja Cement, ACC -ET Read More »
By Asha Sistla (Reuters) – Gold traded flat on Thursday but prices were set for a second consecutive weekly gain as the Ukraine crisis and broadening inflationary pressures lifted the safe-haven metal’s appeal. Spot gold was little changed at $1,974.28 per ounce, as of 0426 GMT. U.S. gold futures were down 0.4% at $1,977.60. The …
Gold on course for weekly gain as Ukraine, inflation boost safe-haven bids Read More »
(Reuters) – India’s Reliance Industries is exploring a bid for drug retailer Walgreens Boots Alliance’s UK-based Boots business, Bloomberg News reported on Wednesday, citing people familiar with the matter. Boots is being sold as part of an auction process led by Goldman Sachs and can be valued at up to 8 billion pounds ($10.49 billion), …
Reliance explores bid for Walgreens’ Boots business – Bloomberg News Read More »
BENGALURU (Reuters) – Indian budget carrier SpiceJet Ltd said on Wednesday the country’s aviation regulator has asked 90 of its pilots to refrain from flying Boeing 737 MAX planes until they have been retrained. SpiceJet, which currently operates 11 MAX aircraft and has 144 pilots to fly them, said the pilots have been restricted from …
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By Asha Sistla (Reuters) – Gold prices hit a one-month high on Wednesday as rising consumer prices boosted its appeal as an inflation hedge, with investors seeming to look past an impending interest rate hike by the Federal Reserve. Spot gold XAU= rose 0.6% to $1,978.21 per ounce by 2:37 p.m. ET (1837 GMT), after …
Gold hits 1-month peak as high inflation boosts appeal Read More »
By Aditya Kalra NEW DELHI (Reuters) -Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used state-backed transfer network, spurring users to renew demands for regulatory clarity. India has spent years working on a law to ban or regulate cryptocurrencies, with a ban backed by …
Indian investors alarmed as crypto exchanges block transfer network Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports jumped 18.7% in March from the previous month, as traders moved to secure alternatives to sunflower oil that can no longer be bought from Ukraine, a leading trade body said on Wednesday. The higher purchases of palm oil by India, the world’s biggest importer of …
India’s March palm oil imports jump as Ukraine sunoil supplies halt Read More »
NEW DELHI (Reuters) – India’s merchandise trade deficit in March touched $18.51 billion, data released by the government showed on Wednesday. India’s merchandise exports rose nearly 20% to $42.22 billion, while imports rose 24% to $60.74 billion. (Reporting by Aftab Ahmed; Editing by Muralikumar Anantharaman)
SINGAPORE (Reuters) -Indian Oil Corp, the country’s top refiner, has purchased a total of 7 million barrels of crude via tenders for May and June loading, traders said on Wednesday. The refiner bought 4 million barrels of Murban crude and another 3 million of West African crude, they added. Oil majors Total, Shell and BP …
India’s IOC buys 7 million bbls of crude via tenders – sources Read More »
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer U.S. dollar capped bullion’s gains. Spot gold was up 0.2% at $1,969.61 per ounce, as of 0400 GMT, after hitting a near one-month peak of …
Gold inches higher as Ukraine conflict lifts safe-haven bids Read More »
