By Jasper Ward WASHINGTON (Reuters) -A top aide to President Donald Trump on Sunday accused India of effectively financing Russia’s war in Ukraine by purchasing oil from Moscow, after the U.S. leader escalated pressure on New Delhi to stop buying Russian oil. “What he (Trump) said very clearly is that it is not acceptable for …
Top Trump aide accuses India of financing Russia’s war in Ukraine Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -India’s stranded renewable power capacity – projects awarded but unable to come online – more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed. The South Asian nation aims to more than double its non-fossil …
India’s renewable projects without supply deals double in nine months, documents show Read More »
(Reuters) -The National Stock Exchange of India has paid 403.5 million rupees ($4.6 million) to the markets regulator to settle a case involving the indirect sharing of confidential information on listed companies with a third-party vendor. India’s largest bourse operator shared the information with its unit NSE Data and Analytics Limited (NDAL) “for onward distribution …
India’s NSE pays markets regulator $4.6 million to settle data sharing case Read More »
By Nikunj Ohri NEW DELHI (Reuters) -U.S. trading firm Jane Street is not co-operating with the income tax department in the ongoing investigation against the firm, a government source who has been briefed on the matter told Reuters on Friday. India’s income tax authorities are reviewing documents across the local offices of Jane Street and …
Jane Street not co-operating in ongoing probe, says India government source Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures settled at $69.67 a barrel, down $2.03, or 2.83%. U.S. West Texas Intermediate crude finished at …
Oil falls $2 a barrel on worries about OPEC+ supply, US jobs data Read More »
By Sarah Qureshi (Reuters) – Gold prices rose almost 2%, hitting a one-week high, on Friday after weaker-than-expected U.S. payrolls data boosted Federal Reserve rate cut expectations and fresh tariff announcements spurred safe-haven demand. Spot gold reached its highest level since July 25, adding 1.8% to $3,347.66 per ounce as of 0148 p.m. ET (17:48 …
Gold rises nearly 2% as US payrolls data boosts rate cut hopes Read More »
NEW DELHI (Reuters) -India has completed due diligence for the stake sale of IDBI Bank and plans to invite financial bids between October and December, the country’s divestment secretary said on Friday. A successful bidder will be announced by the end of March 2026, said Arunish Chawla, Department of Investment and Public Asset Management Secretary. …
India to invite financial bids for IDBI Bank stake sale in Oct-Dec, official says Read More »
-India’s PC Jeweller posted a rise in first-quarter profit on Friday, as elevated gold prices helped the company boost its bottomline. The jewellery retailer’s consolidated net profit grew 5% to 1.62 billion Indian rupees ($18.58 million) in the quarter ended June 30. Its revenue from operations jumped 81% to 7.25 billion rupees. KEY CONTEXT Indian …
India’s PC Jeweller posts profit rise as higher gold prices boost sales Read More »
(Reuters) -Indian conglomerate ITC reported a slightly better-than-expected first-quarter profit on Friday, buoyed by higher sales of cigarettes and packaged food, particularly in rural areas. A recovery in rural demand, which started two years ago, has cushioned the impact of sluggish urban sales. “Rural demand continued to demonstrate resilience,” ITC said in a statement, adding …
India’s ITC tops profit view on higher cigarette, packaged food sales Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Electronic trading service provider MarketAxess is aiming to ease foreign investor access to India’s government bond market with its new trading platform, as local debt continues to get added to global indexes. Earlier this week, the first trade on the platform was executed between BlackRock and Standard Chartered Bank (India), …
MarketAxess’ new platform seeks to draw investors to trade India bonds Read More »
