By Noel John and John Biju (Reuters) -Gold fell on Tuesday as investors locked in profits after prices hit a fresh record high earlier in the session, while concerns about a potential U.S. government shutdown and hopes for a Federal Reserve rate cut helped limit losses. Spot gold fell 0.3% to $3,823.79 per ounce as …
(Reuters) -Only about 9.5% of India’s households have investments in securities such as equities and mutual funds, while majority prefer preserving capital over risky assets that can give high returns, a survey by the country’s markets regulator showed. The survey of nearly 92,000 households by the Securities and Exchange Board of India, market research firm …
(Reuters) -Reliance Infrastructure said searches conducted by an Indian financial crime-fighting agency at some of its premises were linked to a 2010 contract for toll road construction in the state of Rajasthan and did not involve a foreign exchange angle. Earlier in the day, Reuters reported about the agency’s searches at six premises over alleged …
Reliance Infra says financial crime agency’s search linked to toll road deal, not forex Read More »
(Reuters) -Adani Total Gas Ltd said on Tuesday that its chief financial officer, Parag Parikh, has resigned. The company said the process to appoint his replacement is underway and an announcement will be made in the coming days. (Reporting by Urvi Dugar; Editing by Shailesh Kuber)
MUMBAI (Reuters) -New India Assurance, India’s largest state-backed general insurer, has been ordered to pay 23.79 billion rupees by the local tax authority over alleged past dues, the company said in a regulatory filing on Tuesday. The order comes after the state-owned insurer was accused of having failed to pay taxes on premiums it received …
New India Assurance ordered to pay 23.79 billion rupees by tax authority Read More »
By Gopika Gopakumar (Reuters) -India’s central bank has retained the overnight weighted average call rate as the operating target of monetary policy under a revised liquidity management framework, it said on Tuesday, a day before its monetary policy decision. In August, the Reserve Bank of India asked an internal working group to look at revising …
India cenbank retains call rate as policy anchor in liquidity framework Read More »
NEW DELHI (Reuters) -India’s fiscal deficit in April-August was 5.98 trillion rupees ($67.34 billion) or 38.1% of the estimate for the financial year ending March 31, government data showed on Tuesday. KEY NUMBERS * Net tax receipts at 8.1 trillion rupees, down from 8.7 trillion rupees collected in the same period a year ago. * …
India’s April-August fiscal deficit at 38.1% of 2025/26 target Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -The Indian rupee posted its fifth consecutive monthly fall against the U.S. dollar, and hit a record low on Tuesday, as trade tensions between India and the United States escalated, pushing up dollar demand. The rupee settled at 88.7875 against the U.S. dollar, its weakest ever closing level, and down …
India rupee slides for fifth month as rising trade tension with US hurts Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewellers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said. Higher imports by India, the world’s second-biggest consumer of the precious metal, …
India’s September gold, silver imports nearly double despite record prices, sources say Read More »
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks ended little changed on Tuesday, as caution prevailed ahead of the central bank’s policy decision, even as monthly gains were underpinned by a rally in state-owned banks and auto stocks fueled by tax cuts. Steep U.S. tariffs and a hike in H-1B visa fees capped broader advances. The …
Tax cuts drive India’s stock benchmarks to monthly gains; RBI policy in focus Read More »
