Reuters India Business

(Reuters) -Indian consumer giant Hindustan Unilever pared most losses after falling as much as 2.7% on Monday as investors sought comfort from an expected recovery in demand after a consumption tax reform-led hit to sales. The shares were down 0.2% at 2,506.50 rupees as of 12:32 IST, while the benchmark Nifty 50 was flat. Hindustan …

Hindustan Unilever pares losses on hopes demand will recover as prices stabilise Read More »

By Aditi Shah NEW DELHI (Reuters) -Volkswagen Group is restructuring its business in India, a key growth market for the carmaker where it wants to invest more but is grappling with policy changes and growing competition, according to an internal memo reviewed by Reuters. The move comes as the company faces India’s biggest-ever import tax …

VW to overhaul India business amid market pressures, company memo shows Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was flat on Monday, wedged between dollar sales by state-run banks and likely portfolio outflows, with analysts citing the greenback’s lack of direction as among the factors keeping rupee volatility muted. The rupee was at 88.7250, nearly unchanged from its closing level on Friday. Its one-month …

Rupee flat, anticipation of softer dollar a drag on volatility expectations Read More »

By Florence Tan, Nidhi Verma and Trixie Yap SINGAPORE/NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy is exporting oil products through sanctioned tankers and tapping new markets this month as it revives overseas sales in the aftermath of crippling sanctions, LSEG and Kpler shipping data shows. The privately-owned company halted exports for about two weeks …

After sanctions, Indian oil refiner Nayara’s exports find new markets Read More »

By Isla Binnie NEW YORK (Reuters) -Gains in Wall Street indexes on Friday were not enough to erase a loss for the week while resilient consumer spending supported longer-dated Treasury yields and gold rose as a steady inflation reading supported bets on future Federal Reserve rate cuts. Consumer spending climbed slightly more than expected in …

Wall Street ends streak of weekly gains, yields rise as investors digest data Read More »

By Sherin Elizabeth Varghese (Reuters) – Gold gained on Friday after U.S. inflation data came in line with expectations, reinforcing bets that the Federal Reserve may continue with interest rate cuts later this year. Spot gold rose 0.8% to $3,778.62 per ounce as of 01:30 p.m. EDT (1730 GMT), after hitting a record $3,790.82 earlier …

Gold firms as inflation data keeps Fed rate cut bets alive Read More »