Reuters India Business

By Nupur Anand and Abhirup Roy MUMBAI (Reuters) – Bankers advising Indian state-run Life Insurance Corp (LIC) on its IPO have pushed the government to defer the launch of the stock offering in the wake of the market jolt caused by Russia’s invasion of Ukraine, two sources familiar with the talks told Reuters. In what …

Exclusive-Indian bankers push govt to defer LIC IPO amid Russia-Ukraine crisis -sources Read More »

By Nupur Anand and Abhirup Roy MUMBAI (Reuters) – Bankers advising Indian state-run Life Insurance Corp (LIC) on its IPO have pushed the government to defer the launch of the stock offering in the wake of the market jolt caused by Russia’s invasion of Ukraine, two sources familiar with the talks told Reuters. In what …

Exclusive-Indian bankers push govt to defer LIC IPO amid Russia-Ukraine crisis -sources Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s gasoil and gasoline sales surged in February from the previous month, preliminary fuel sales data showed, signaling a recovery in industrial activity as states lift the COVID 19-led curbs. Local sales of auto fuel were also high, as retail prices of gasoline and gasoil have not been …

Poll rallies, easing COVID curbs boost India’s Feb gasoline, gasoil sales – prelim data Read More »

By Aditya Kalra and Ebru Tuncay NEW DELHI/ISTANBUL (Reuters) -Turkey’s Ilker Ayci said on Tuesday he will not take on the role of chief executive of Tata Group’s Air India, days after the announcement of his appointment led to opposition in India over his previous political links. Tata last month announced Ayci’s appointment as CEO …

Turkey’s Ayci declines Air India CEO role in setback for Tata Group Read More »

By Swati Verma (Reuters) – Gold hit a more than one-and-half year high on Thursday as investors sought cover in the safe-haven metal after Russia invaded Ukraine, aggravating supply risks to palladium and powering prices of the autocatalyst to a seven-month high. Spot gold was up 1% at $1,926.51 per ounce at 1:31 pm ET …

Gold, palladium jump after Russia attacks Ukraine Read More »

By Swati Verma (Reuters) – Gold hit a more than one-and-half year high on Thursday as investors sought cover in the safe-haven metal after Russia invaded Ukraine and aggravated supply risks to palladium, powering prices of the autocatalyst to a seven-month high. Palladium climbed 6% to $2,631.95 an ounce at 10:27 am EST (1527 GMT) …

Gold, palladium jump after Russia strikes at Ukraine Read More »

By Patturaja Murugaboopathy and Swati Verma (Reuters) – Exchange-traded funds (ETFs) that invest in gold and other precious metals have seen massive inflows as investors rush to shield themselves against the rising geopolitical tensions between Russia and Ukraine. Data from Refinitiv Lipper showed gold and other precious metal ETFs have seen an inflow of $4.7 …

Gold ETFs see big inflows on rising geopolitical concerns Read More »