TAIPEI (Reuters) – Taiwan’s Foxconn said on Monday it had partnered with Indian conglomerate Vedanta Ltd to make semiconductors in the South Asian country, as the electronics giant looks to diversify its business amid a global chip shortage. Foxconn, the world’s largest contract electronics manufacturer and a major Apple supplier, has expanded into areas including …
iPhone maker Foxconn to make chips in India with Vedanta Read More »
By Yuvraj Malik (Reuters) – India’s Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday. The investment, made through Reliance’s Jio Platforms unit, values Glance at $1.7 …
Reliance invests $200 million in InMobi’s Glance Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares recorded their biggest one-day percentage drop in 10 months on Monday, tracking a selloff in global markets as investors turned jittery over escalating tensions between Russia and the West over Ukraine. The NSE Nifty 50 index ended 3.06% lower at 16,842.80, while the S&P BSE Sensex …
Indian shares tumble 3% on growing Russia-Ukraine tensions Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares recorded their biggest one-day percentage drop in 10 months on Monday, tracking a selloff in global markets as investors turned jittery over escalating tensions between Russia and the West over Ukraine. The NSE Nifty 50 index ended 3.06% lower at 16,842.80, while the S&P BSE Sensex dropped …
Indian shares tumble 3% on growing Russia-Ukraine tensions Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday. Lower purchases by the world’s top edible oil …
India’s Jan palm oil imports drop as refiners switch to soft oils Read More »
By Bharat Gautam (Reuters) – Gold prices eased on Monday from a three-month high touched in the previous session, pressured by strength in the U.S. dollar and bond yields, although losses were limited as rising tensions surrounding Ukraine supported safe-haven demand for bullion. Spot gold was down 0.3% at $1,854.00 per ounce, as of 0729 …
Gold off 3-month peak as U.S. dollar, yields edge higher Read More »
By Abhirup Roy MUMBAI (Reuters) – The former head of India’s largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse’s much-awaited public listing. In a case of “bizarre misconduct” that was a “glaring breach” of regulations, …
Himalaya yogi ran India’s top bourse as puppet master, regulator says Read More »
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest economy by a considerable margin. The offering is crucial …
India’s Life Insurance Corp files $8 billion IPO papers Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known …
India cuts tax on crude palm oil imports to help consumers, refiners Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation. Owned by billionaire Mukesh Ambani, Reliance has in the past year unveiled plans to reduce its dependence …
India’s Reliance plans to turn syngas into blue hydrogen Read More »
