By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, but remained within sight of Friday’s lows, with the market still consolidating after a weak jobs report that boosted bets of a rate cut by the Federal Reserve next month. Investors also focused on President Donald Trump’s nominations to the Federal Reserve Board, …
US dollar gains as market awaits Fed board appointee, inflation data Read More »
By Sarah Qureshi (Reuters) – Gold prices climbed to a near two-week high on Tuesday, supported by growing expectations of U.S. interest rate cuts, while investors awaited President Donald Trump’s decision on Federal Reserve appointments. Spot gold was up 0.2% at $3,380.20 per ounce by 01:55 p.m. ET (1755 GMT), after hitting its highest level …
Gold hits near 2-week peak, investors focus on Fed appointments Read More »
By Giulio Piovaccari MILAN (Reuters) -Proceeds from the sale of truckmaker Iveco and its defence arm will boost the Agnellis’ warchest for deals, but the Italian business dynasty would not have to wait for the cash to make a big purchase, a source with direct knowledge of the matter said. The cash pile of Exor …
Agnellis to boost M&A warchest with Iveco sale, source says Read More »
MUMBAI (Reuters) -The head of treasury at India’s ICICI Bank will move to the private lender’s securities arm, according to two sources familiar with the matter. B. Prasanna, who has headed the bank’s treasury for nearly nine years, will move as head of corporate finance and investment banking at unlisted unit ICICI Securities, the sources …
India’s ICICI Bank treasury head to move to securities unit, sources say Read More »
(Reuters) -India’s Prestige Estates Projects reported a higher first-quarter profit on Tuesday, boosted by strong demand for launched apartments in the National Capital Region (NCR). The Bengaluru-based developer said its consolidated net profit rose 26% year-on-year to 2.93 billion rupees ($33.4 million). Revenue rose 24% to 23.07 billion rupees, helped by record quarterly sales from …
NCR foray boosts Indian developer Prestige’s first-quarter profit Read More »
(Reuters) -India’s Dalmia Bharat Sugar and Industries posted a near 30% fall in first-quarter profit on Tuesday, dragged by lower sugar production. The company reported a net profit after tax of 383.7 million rupees ($4.37 million) for the quarter ended June 30, compared with 547.3 million rupees a year ago. The New Delhi-based firm, which …
India’s Dalmia Bharat Sugar posts quarterly profit fall on lower sugar production Read More »
(Reuters) -Britannia Industries posted first-quarter profit below estimates on Tuesday, but the Indian biscuit maker said urban consumption — dull for a few quarters — is picking up. The seller of ‘Marie Gold’ and ‘Bourbon’ biscuits joins other domestic consumer goods makers such as Hindustan Unilever and ITC in forecasting early signs of a recovery …
Indian biscuit maker Britannia misses profit estimates, but flags urban demand uptick Read More »
By Luke Tyson DUBAI (Reuters) -India’s biggest jeweller and watchmaker Titan is exploring shifting some manufacturing to the Middle East Gulf to maintain low-tariff access to U.S. markets amid trade tensions between Washington and New Delhi, Managing Director C.K. Venkataraman said on Tuesday. Titan, part of the Tata Group conglomerate, announced this month plans to …
(Reuters) -India’s Bluestone Jewellery and Lifestyle has trimmed the size of its initial public offering, a prospectus showed on Tuesday. The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier. Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will …
Accel-backed Bluestone Jewellery cuts India IPO size Read More »
(Reuters) -India has scrapped a central pricing system for renewable energy projects after developers raised concerns that it was slowing down power deals, as per a memo seen by Reuters. The Ministry of Power said it was dissolving the solar power central pool and the solar-wind hybrid central pool, set up in February 2024 to …
India scraps central renewable energy pricing pools to speed up power deals Read More »
