By Chibuike Oguh and Canan Sevgili NEW YORK/LONDON (Reuters) -The U.S. dollar gained against peers including the yen, Swiss franc and euro on Wednesday, after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing overnight. The dollar strengthened 0.54% to 0.795 against the Swiss franc, on track to snap two consecutive sessions of …
Dollar gains against peers after Powell’s cautious rate outlook Read More »
By Noel John (Reuters) – Gold prices eased on Wednesday as the U.S. dollar firmed, retreating from a record high scaled in the previous session, while investors hunkered down for economic data due later in the week for further cues on the Federal Reserve’s policy path. Spot gold fell 0.8% to $3,734.58 per ounce, as …
Gold slips from record peak; markets eye US economic data Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -An external panel set up by India’s market regulator will recommend that its chairman and senior officials disclose their assets publicly to preempt concerns related to conflict of interest, two sources with direct knowledge of the matter said. The panel’s recommendations, if accepted, would bring SEBI in line with …
Indian market regulator panel to urge asset disclosure for leadership, sources say Read More »
(Reuters) -India’s goods and services tax reforms should help lower retail prices and support consumption growth, the Reserve Bank of India said in its monthly bulletin released late on Wednesday. Changes in tax rates kicked in this month, lowering prices of a number of everyday items ranging from toothpastes to air conditioners. The GST reforms …
India tax reforms to ease retail prices, boost consumption, RBI bulletin says Read More »
By Allison Lampert MONTREAL (Reuters) -India will require more government oversight as the country’s airlines take delivery of thousands of planes and its fast-growing market is creating openings for new players, the government’s aviation safety chief told Reuters. India is looking at “more responsibility, more safety oversight, more manpower,” with the number of commercial jets …
India’s aviation boom fuels openings for new airline players Read More »
MUMBAI (Reuters) -The Reserve Bank of India (RBI) sold a net of $2.54 billion in the spot foreign exchange market in July, data released on Monday as part of the central bank’s monthly bulletin showed. The RBI said it did not purchase any dollars and sold $2.54 billion. In June, the central bank had sold …
India cenbank sold net $2.54 billion in spot forex market in July, bulletin shows Read More »
By Jaspreet Kalra and Ashwin Manikandan (Reuters) -Walmart-backed Indian fintech firm PhonePe, the country’s most used payment application, has filed for an initial public offering, the company’s spokesperson said on Wednesday. The application has been filed via the confidential route, which allows firms to keep their filings private until the public issue launches. The firm …
Walmart-backed PhonePe files for India IPO, targets mid-2026 listing Read More »
By Rishika Sadam and Jennifer Rigby (Reuters) -Indian drugmakers Dr Reddy’s Laboratories and Hetero Labs said on Wednesday that they will sell generic versions of a new and highly effective HIV prevention drug for roughly $40 per year beginning in 2027. Lenacapavir, developed by Gilead Sciences and approved earlier this year for HIV prevention under …
Indian drugmakers Dr Reddy’s, Hetero to sell generic HIV prevention drug for $40 a year Read More »
By Khushi Malhotra MUMBAI (Reuters) -India’s Capri Global Capital plans to raise 65 billion rupees ($732.9 million) through a combination of bonds and loans in this financial year, a company executive said on Wednesday. The non-banking financial company aims to raise 47 billion rupees in the second half of the fiscal, after raising 18 billion …
India’s Capri Global Capital plans $733 million fundraise in FY26, exec says Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s stock benchmarks fell for a fourth consecutive session on Wednesday, their longest losing streak since mid-July, as concerns over the impact of U.S. visa curbs continued to weigh. The Nifty 50 lost 0.45% to 25,056.90 while the BSE Sensex shed 0.47% to 81,715.63. The 50-stock index …
Indian equity benchmarks slip for 4th session on US visa woes Read More »
