By Sethuraman N R BENGALURU (Reuters) – Indian shares were little changed on Wednesday, helped by oil and gas explorers, while a red hot inflation reading for March fuelled expectations of a sooner-than-anticipated interest rate hike and pushed bond yields to a near three-year high. The NSE Nifty 50 index was up 0.1% at 17,540, …
Crude producers keep Indian shares afloat; bond yields jump on inflation data Read More »
By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday as lockdowns eased in Shanghai and as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to replace potential supply losses from Russia. Brent crude futures rose $6.16, or 6.3%, to settle at $104.64 a barrel by …
Oil settles up on Shanghai lockdown easing, Russian production cuts Read More »
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai met Indian External Affairs Minister Subrahmanyam Jaishankar on Tuesday and both agreed the newly relaunched U.S.-India Trade Policy Forum could help boost bilateral trade and reduce barriers, Tai’s office said. Tai and one of her deputies, Sarah Bianchi, discussed bilateral trade relations and the implications of Russia’s …
U.S.-India forum holds ‘substantial promise’ to expand trade, reduce barriers -USTR Read More »
By Seher Dareen (Reuters) – Gold advanced more than 1% on Tuesday as Treasury yields eased after U.S. inflation data largely met expectations, reducing the likelihood of long-term aggressive policy tightening by the Federal Reserve. Spot gold XAU= was up 0.7% at $1,967.61 per ounce by 2:39 p.m. ET (1839 GMT), having hit its highest …
Gold gains over 1% as Treasury yields ease post inflation data Read More »
By Asha Sistla (Reuters) – Gold advanced more than 1% on Tuesday as Treasury yields eased after U.S. inflation data drove expectations that the Federal Reserve may not need to be as aggressive in tightening policy in the longer term. Spot gold XAU= rose 1% to $1,972.76 per ounce by 11:33 a.m. ET (1532 GMT), …
Gold gains over 1% as US yields ease post inflation data Read More »
MUMBAI (Reuters) – India railways ministry has decided to prioritise loading of coal for power plants from sheds, washeries to June end, it said in a notification on Tuesday. It has also been decided to prioritize loading of imported coal from ports, the railway ministry said. India is likely to face more power cuts this …
India’s railway ministry says to grant higher priority in loading of coal Read More »
MUMBAI (Reuters) – An independent inquiry has found former top executives of India’s CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday. The charges against Rajesh Mokashi, erstwhile managing director and CEO, and S.B. Mainak, former chairman, of interference with the ratings process and influencing the ratings …
Former chiefs of India’s CARE Ratings found not guilty after misconduct inquiry Read More »
BENGALURU (Reuters) -India’s top telecoms lobby group on Tuesday demanded the country’s regulator revisit recommendations for the auction of 5G spectrum bands, saying the proposed base prices were too high. The Telecom Regulatory Authority of India (TRAI) on Monday recommended a 35-40% cut from its earlier proposed base prices for the auction of various allotted …
India’s proposed 5G auction prices are too high, says Telecom lobby COAI Read More »
(Reuters) – Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, …
Indian Oil removes Russian Urals from latest tender, sources say Read More »
MUMBAI (Reuters) – India is likely to get average monsoon rains this year, a private weather forecasting agency said on Tuesday, raising prospects of higher farm and economic growth in Asia’s third-biggest economy. Monsoon rains are expected to be 98% of the long-term average, and there is a 65% chance that India will get average …
India likely to get average monsoon rains in 2022 – Skymet Read More »
