Reuters India Business

By Nidhi Verma NEW DELHI (Reuters) -Russian-backed Indian refiner Nayara Energy is seeking Indian government help to source equipment and materials needed for maintenance as European Union sanctions make it difficult to secure key items, three people familiar with the matter said. The private refiner has approached the Centre for High Technology, an advisory body …

Sanctions-hit Nayara seeks Indian govt help to get refinery repair gear, sources say Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -Indian mutual funds may see limited near-term interest in corporate bonds schemes after recording their first outflows of this financial year in August, as rising yields prompted profit booking, fund managers said. “Interest rates started inching up in India and globally. In August, long bond spreads rose sharply and corporate …

Rising rates dent appetite for India corporate bonds, fund managers say Read More »

KYIV (Reuters) -Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia, starting October 1, Ukrainian energy consultancy Enkorr said on Monday. Another consultancy, A-95, said earlier this month that the loss of a key Ukrainian oil refinery this summer had forced traders to compensate …

Ukraine to curb Indian diesel imports amid Russian oil ties, analyst says Read More »

By Rajendra Jadhav and Anmol Choubey MUMBAI (Reuters) -India’s palm oil imports jumped in August to their highest level in more than a year, as competitive pricing relative to soyoil prompted refiners to step up purchases ahead of the festive season, a leading trade body said on Monday. Higher palm oil imports by India, the …

India’s August palm oil imports hit 1-year high on festive demand, price advantage Read More »

By Rajendra Jadhav and Brijesh Patel NEW DELHI (Reuters) -Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world’s second-largest gold consumer could limit a rally in global prices, which …

Soaring bullion prices threaten to dull India’s festive gold sparkle Read More »

NEW DELHI (Reuters) – India’s wholesale prices in August rose 0.52% year-on-year, reversing a 0.58% decline in the previous month, government data showed on Monday. Economists polled by Reuters had projected the wholesale price index to rise 0.3% year-on-year in August. KEY NUMBERS * Wholesale food prices in August rose 0.21%, compared with a 2.15% …

India’s August wholesale prices rise 0.52% y/y Read More »

By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) -Indian rupee and bonds traders will wait for the Federal Reserve’s widely expected interest rate cut this week, a move that may not relieve pressure on the currency that has plumbed to lifetime lows for two straight weeks. The Indian rupee dipped to an all-time low of …

Indian rupee to struggle on tariff drag, bond traders eye Fed decision Read More »