By Nidhi Verma NEW DELHI (Reuters) -Russia-backed private refiner Nayara Energy, which was sanctioned by the European Union last month, has sought help from India’s shipping ministry to get vessels for the movement of its refined fuels, a government source said on Thursday. Sanctions-hit Nayara is struggling to get vessels for the supply of refined …
By Sethuraman N R (Reuters) -Indian billionaire Gautam Adani’s group will build and operate a $3 billion coal-fired power plant in Bihar state with a 2.4 gigawatt capacity, it said on Thursday, the biggest coal plant constructed in India via private investment in a decade. The first of three units at the plant will be …
Adani to build India’s biggest privately funded coal power plant in a decade Read More »
By Nimesh Vora MUMBAI, August 7 (Reuters) -The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters. This marks a return to a tool the central bank had largely refrained from …
Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool Read More »
By Sameer Manekar (Reuters) -Long positions on most Asian currencies dwindled over the past fortnight as market participants took a cautious view of the U.S. dollar, while sentiment towards the Indian rupee turned sharply bearish on threats of hefty U.S. tariffs, a Reuters poll showed on Thursday. Poll participants trimmed their long bets on China’s …
Long bets on Asian currencies fade, rupee short bets at 5-month high: Reuters poll Read More »
(Reuters) -Fintech firm Pine Labs [PINL.NS] said it has appointed Sameer Kamath, a industry veteran with more than 25 years of experience in finance strategy roles, as its next chief financial officer, ahead of its planned public listing. The IPO-bound company had tapped Kamath for the role in early July. Prior to this, Kamath had …
India’s Pine Labs appoints finance industry veteran Sameer Kamath as CFO Read More »
By Sai Ishwarbharath B BENGALURU (Reuters) -India’s Tata Consultancy Services will raise salaries for 80% of its workforce, according to an internal email reviewed by Reuters, weeks after announcing layoffs affecting more than 12,000 employees. The annual wage hike, which was due in April, comes at a time when India’s $283 billion IT industry is …
India’s TCS to hike wages of 80% employees after five-month delay, company mail shows Read More »
By Krishna N. Das, David Brunnstrom and Shivam Patel NEW DELHI/WASHINGTON (Reuters) -U.S. President Donald Trump’s tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas of cooperation as domestic political pressures drive both sides to harden their stances. …
India-US spat over trade and oil threatens wider fallout Read More »
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Wall Street indexes gained on Wednesday on largely upbeat corporate earnings, and U.S. yields also rose, while European shares closed flat and broke a two-day winning streak. U.S. President Donald Trump issued an executive order imposing an additional 25% tariff on goods from India, saying the …
Wall Street gains, as oil ends lower in volatile trade Read More »
August 6 (Reuters) -U.S. President Donald Trump announced new tariffs of up to 41% on goods imported from dozens of countries, again citing emergency powers he says he is using to shrink the country’s trade deficits with many of its trade partners. Here are the new adjusted reciprocal tariff rates levied on U.S. importers, which …
What are the new tariff rates Trump set on US imports from dozens of countries? Read More »
By Sarah Qureshi (Reuters) – Gold prices eased on Wednesday as investors booked profits after prices hit a near two-week high in the previous session, while the market’s focus shifted to U.S. President Donald Trump’s upcoming Federal Reserve nominations. Spot gold fell 0.2% to $3,373.59 per ounce by 02.00 p.m. ET (1800 GMT). U.S. gold …
Gold eases on profit-taking, eyes on Trump’s Fed picks Read More »
