By Sherin Elizabeth Varghese and Anushree Mukherjee (Reuters) – Gold rose to an all-time high on Monday, underpinned by a softer dollar and lower Treasury yields, as investors positioned ahead of a pivotal Federal Reserve meeting this week that could set the tone for the rest of the year. Spot gold was up 1.1% at …
Gold hits record high as dollar, yields ease; spotlight on Fed meeting Read More »
NEW DELHI (Reuters) -India on Monday launched its first national policy on geothermal energy, joining a growing list of countries betting on subterranean heat to power their clean energy transitions. India’s Ministry of New and Renewable Energy said the policy aims to unlock the country’s untapped geothermal potential through incentives and regulations. It also encourages …
India bets on geothermal energy with launch of first national policy Read More »
(Reuters) -A wildlife rescue centre run by the philanthropic arm of billionaire Mukesh Ambani’s group has been cleared of allegations of illegal animal acquisition and mistreatment, India’s Supreme Court said on Monday, citing findings from a court-appointed committee. In August, India’s top court appointed a special investigation team (SIT) to investigate complaints from non-profit and …
India’s top court-appointed committee clears Ambani son’s wildlife centre of wrongdoing Read More »
(Reuters) -India’s Reliance, led by billionaire Mukesh Ambani, has raised about 210 billion rupees ($2.38 billion) through asset-backed securities, Bloomberg News reported on Monday, citing people familiar with the matter. About three-quarters of the issuance was bought by domestic asset managers, including Aditya Birla Sun Life, HDFC Asset Manangement, ICICI Prudential Asset manangement, Nippon India …
By Manoj Kumar NEW DELHI (Reuters) – India and the United States will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil. The move comes after Trump struck a more conciliatory tone in statements …
India and US to hold trade talks, raising hopes for reset Read More »
(Reuters) – India’s markets regulator has approved the initial public offering of fintech firm Pine Labs, a document on its website showed on Monday. The IPO could be worth $1 billion and the company, which competes with Paytm and Walmart’s PhonePe, is seeking a valuation of up to $6 billion, Reuters reported in June. Pine …
India’s markets regulator approves Pine Labs’ IPO Read More »
By Nidhi Verma NEW DELHI (Reuters) -Sanctioned vessel Noble Walker carrying Russian oil has changed course to India’s Vadinar port after the country’s Adani Group banned entry of blacklisted ships at its Mundra port, ship tracking data showed on Monday. The Noble Walker, carrying about a million barrels of Russian crude for Indian refiner HPCL …
Sanctioned ship with Russian oil switches Indian port after Adani ban, data shows Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from August 27 …
India’s August merchandise trade deficit narrows, exports to US dip Read More »
By Anuran Sadhu (Reuters) – (This Sept 11 story has been corrected to drop the reference to Forum doubling its expansion in paragraph 1; to clarify that the company operates three malls, not 11, in paragraph 2; and to remove the reference to Nexus mall in paragraph 2 and 11) Forum Malls, the retail arm …
By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s equity benchmarks inched lower on Monday, dragged by information technology stocks, as investors traded cautiously ahead of an expected U.S. Federal Reserve rate cut at its policy meeting this week. The Nifty 50 fell 0.18% to 25,069.20, snapping an eight-session winning streak, its longest in …
India’s stock benchmarks edge lower ahead of Fed decision; IT drags Read More »
