By Nikunj Ohri NEW DELHI (Reuters) -Indian state and federal ministers will meet for two days from Wednesday to weigh the biggest cuts to consumption tax in eight years, aimed at spurring domestic demand in the face of economic headwinds from U.S. tariffs. Coupled with cuts in personal tax unveiled in February, the cuts in …
Indian ministers set to meet on landmark consumer tax overhaul Read More »
(Reuters) -India hopes to conclude a bilateral trade agreement with the United States by November, Commerce Minister Piyush Goyal said at an investor conference in Mumbai on Tuesday. Trade negotiations with the European Union are progressing and relations with China are “returning to normal” as border tensions ease, Goyal said in a virtual address. India …
India minister says country hopes to clinch US trade deal by November Read More »
(Reuters) -Moscow and New Delhi are negotiating increased deliveries of Russian S-400 surface-to-air missile systems to India, TASS news agency cited a senior Russian defence export official as saying late on Tuesday. “India already has our S-400 system,” TASS quoted Dmitry Shugayev, head of Russia’s Federal Service for Military-Technical Cooperation, as saying. “There is potential …
Russia says it is in talks to supply more S-400 missile systems to India Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled up more than 1% a barrel on Tuesday after the U.S. imposed sanctions targeting Iran’s oil revenue stream, and ahead of an OPEC+ meeting on Sunday where analysts expect the group will not unwind remaining voluntary cuts. Brent crude settled up 99 cents, or 1.45%, at $69.14 …
Oil settles up 1% after US imposes sanctions targeting Iranian oil Read More »
(Reuters) -India’s Reliance Industries, led by billionaire Mukesh Ambani, is set to raise approximately 180 billion rupees ($2.06 billion) through asset-backed securities, Bloomberg News reported on Tuesday, citing people familiar with the matter. The securities will be issued by a trust and backed by a pool of loans tied to the conglomerate’s infrastructure and telecommunications …
Ambani’s Reliance plans $2 billion asset-backed securities deal, Bloomberg News reports Read More »
By Anmol Choubey and Sherin Elizabeth Varghese (Reuters) – Gold rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and economic risks. Spot gold was up 1.5% at $3,529.01 per ounce as …
Gold climbs to record high of over $3,500 on bets of US rate cuts, economic risks Read More »
(Reuters) -India are looking for a new lead sponsor to replace Indian fantasy sports platform Dream11 after the government banned real-money online gaming last month, leaving the world’s richest cricket board scrambling to secure fresh revenue. Dream11, which had signed a three-year contract worth about 3.6 billion rupees ($44 million) running through 2026, can no …
Cricket-India seek new sponsor after online betting games ban ends Dream11 deal Read More »
By Sethuraman N R NEW DELHI (Reuters) -NTPC Ltd, India’s largest coal power generator, has raised concerns that operating coal-fired power plants at a reduced load could significantly shorten the lifespan of its units. The Central Electricity Authority (CEA), the country’s de facto advisor for the power ministry, has recommended lowering the technical minimum — …
India’s NTPC flags risks to coal plant lifespan from reduced load Read More »
(Reuters) -India’s JSW Cement on Tuesday reported a quarterly core profit that more than quadrupled, in its first results since listing, helped by higher prices and volumes of the construction material. Consolidated net profit before exceptional items, taxes and share from joint ventures and associates rose to 1.65 billion rupees ($18.86 million) for the April-June …
India’s JSW Cement posts core profit surge on higher prices, volumes Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -State Bank of India has raised $500 million by issuing dollar-denominated bonds maturing in five years, the lender said on Tuesday, days after S&P Global Ratings upgraded India’s sovereign credit rating for the first time in 18 years. India’s largest lender by assets will pay a semi-annual coupon of 4.50% …
India’s top lender SBI taps dollar debt days after nation’s rating upgrade Read More »
