NEW DELHI (Reuters) – India is considering cutting the prices of petrol and diesel, broadcaster India Today TV said on Friday, citing sources. The finance ministry did not immediately respond to a request for comment on the report. (Reporting by Shivam Patel; Editing by Clarence Fernandez)
By Jayshree P Upadhyay and Ira Dugal MUMBAI (Reuters) – India’s markets regulator will tighten derivative rules to increase entry barriers and make it more expensive to trade as it tries to limit retail investors speculating on risky contracts, said four sources with direct knowledge of the matter. Securities and Exchange Board of India (SEBI) …
Exclusive-India to tighten derivatives rules despite investor pushback, sources say Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes declined on Friday and are set for weekly losses, as investors remained jittery ahead of a crucial U.S. jobs report that could determine the size and speed of the Federal Reserve’s interest rate cuts. The Nifty 50 index fell 0.93% to 24,904.1 points, while …
Indian shares fall ahead of US jobs data, set for weekly losses Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose on Friday after disappointing U.S. private payrolls data fuelled expectations of a weaker jobs report, prompting traders to avoid the U.S. dollar. The rupee was at 83.9350 to the U.S. dollar at 9:30 a.m. IST, up from 83.9825 in the previous session. U.S. private employers …
By Anushree Ashish Mukherjee (Reuters) – Gold prices rose to near one-week highs on Thursday, on the back of a weaker U.S. dollar and lower yields after signs of labour market losing steam led investors to expect a super-sized rate cut from the Federal Reserve this month. Spot gold was up 0.9% at $2,515.93 per …
Gold gains as investors anticipate super-sized Fed rate cut Read More »
BENGALURU (Reuters) – A large shareholder of India’s Max Financial Services Ltd (MFSL) offloaded a nearly 3.2% stake in the company for 12.18 billion rupees ($145.1 million), exchange data showed on Thursday. Max Ventures Investment Holdings sold 11 million shares of the listed company at 1,107.37 rupees per share, a nearly 2.3% discount to MFSL’s …
Large shareholder sells stake worth $145 million in India’s Max Financial Services Read More »
By Manoj Kumar NEW DELHI (Reuters) -Amazon Inc expects to help Indian exporters sell about $5 billion worth of small-ticket items through its platform this year in markets such as the United States and Britain, up from nearly $3 billion in 2023, a company official said. Under the Amazon Global Selling programme, launched in 2015, …
Amazon says exports from India-based sellers to cross $5 billion in 2024 Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices reversed course to gain on Wednesday, helped by a softer dollar and lower yields after falling U.S. job openings signalled a possibility of an over-sized rate cut from the U.S. Federal Reserve at its policy meeting this month. Spot gold gained 0.1% to $2,494.24 per ounce as …
Gold rebounds from lows after weak US jobs openings data Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Adani Enterprises’ first retail bond was fully subscribed at its launch on Wednesday, local Indian stock exchange data showed, in a rare issue on the market. While the Indian group has raised money from institutional investors since U.S. short-seller Hindenburg Research accused it of improper use …
Adani Enterprises’ first Indian retail bond fully subscribed Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator said on Wednesday that claims of an unprofessional work culture at its offices were “misplaced”, responding to reports in the local media earlier in the day. In a letter to the federal finance ministry last month, some employees of the Securities and Exchange Board of India …
Indian markets regulator says unprofessional work culture claims ‘misplaced’ Read More »
