By Karen Brettell (Reuters) -The U.S. dollar rose on Thursday after Bloomberg News reported Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s team. Waller has met with members of Trump’s team, who are impressed with him, though he has not met …
Dollar gains on report Waller favored for Fed head Read More »
By Dhwani Pandya and Praveen Paramasivam MUMBAI/CHENNAI (Reuters) -Ever since Donald Trump’s tariff salvo on India this week, garment maker Pearl Global – whose U.S. client list includes Gap and Kohl’s – has been receiving midnight panic calls with an ultimatum: share the tariff hit or move production out of India. To calm U.S. customers’ …
Trump tariffs hit India’s garment makers as US buyers say move production Read More »
MUMBAI (Reuters) -India’s markets regulator on Thursday proposed that investment advisors and research analysts be allowed to provide proof of past performance to their clients. The Securities and Exchange Board of India said it had received feedback that the present restrictions on advisors and analysts from advertising and providing past performance details limited their ability …
India markets regulator proposes permitting advisors to show past performance Read More »
By Sarah Qureshi (Reuters) – Gold rose to an over two-week high on Thursday, buoyed by safe haven demand after U.S. President Donald Trump’s tariffs went into effect and U.S. jobs data added to rate-cut expectations. Spot gold gained 0.7% to $3,392.65 per ounce as of 0202 p.m. ET (18:02 GMT), after hitting its highest …
Safe-haven gold touches 2-week peak on trade tensions, rate cut hopes Read More »
BENGALURU/BRASILIA (Reuters) -Indian Prime Minister Narendra Modi and Brazil’s President Luiz Inacio Lula da Silva spoke by phone on Thursday, their offices said, discussing a broad range of topics that included tariffs imposed by the United States on goods from both countries. Lula confirmed a state visit to India in early 2026 during the call, …
India’s Modi, Brazil’s Lula speak amid Trump tariff blitz Read More »
By Manoj Kumar and Sarita Chaganti Singh NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country’s farmers even if he has to pay a heavy price, in his first comments after U.S. President Donald Trump’s salvo of a 50% tariff on Indian goods. “For …
MOSCOW (Reuters) -Russian President Vladimir Putin held talks with India’s National Security Adviser Ajit Doval at the Kremlin on Thursday, Russia’s state-run RIA news agency reported, citing the Kremlin press service. RIA not disclose what was discussed at the meeting. Russia and India stressed their commitment to a “strategic partnership” in bilateral security talks in …
Putin holds meeting with Indian national security adviser, RIA reports Read More »
(Reuters) -Indian Continent Investment Ltd, a shareholding entity led by billionaire Sunil Mittal, has launched a block deal to sell a portion of its stake in Bharti Airtel worth a little over $1 billion, Moneycontrol reported on Thursday, citing sources. The stake sale is at a floor price of 1,862 rupees ($21.30) per share, the …
(Reuters) -India’s AU Small Finance Bank, on Thursday, got the banking regulator’s ‘in-principle’ approval to transition into a universal bank, making it the first full-fledged banking licence issued in nearly a decade. AU Small Finance Bank applied for the licence in September 2024, which would allow it to expand its operations, in terms of issuing …
India’s AU Small Finance Bank gets first universal banking licence in a decade Read More »
(Reuters) -Cummins India reported a 30.5% rise in first-quarter profit on Thursday, helped by robust demand for its engines and power generators. The company, a unit of U.S.-based truck engine maker Cummins Inc, said its consolidated profit after tax rose to 6.04 billion rupees ($69.05 million) from 4.63 billion rupees a year ago. Demand for …
Cummins India’s quarterly profit rises on higher engine, generator demand Read More »
