By Sherin Elizabeth Varghese (Reuters) – Gold prices edged higher on Tuesday as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve’s policy meeting. Spot gold rose 0.4% to $3,327.69 per ounce, by 01:46 p.m. ET (1746 GMT). Prices hit their lowest point since July 9 on Monday after a framework trade …
Gold ticks up with all eyes on US-China talks, Fed meeting Read More »
BENGALURU (Reuters) -National Stock Exchange of India (NSE) <NSEI.NS> said on Tuesday it is awaiting the markets regulator’s approval for its settlement applications in cases linked to unfair trading access. NSE said it filed for settlement with the Securities and Exchange Board of India (SEBI) on June 20. Last month, Reuters reported, citing sources that …
India’s NSE awaits regulator’s nod for settlement Read More »
By Sethuraman N R (Reuters) -Indian solar panel maker Waaree Energies said on Tuesday that it is “confident” about its exports to the United States and is prepared to address any potential anti-dumping investigation, after a coalition of solar manufacturers accused it of undercutting prices. The U.S. Commerce Department is reviewing a petition filed on …
India’s Waaree Energies says US anti-dumping probe won’t derail solar ambitions Read More »
By Hritam Mukherjee (Reuters) -Benign domestic inflation and signs of growth in India’s urban centers are expected to drive a demand recovery for Asian Paints, its top boss said, after the company met first-quarter profit expectations on Tuesday. The country’s largest paintmaker highlighted marginally improved demand from urban centres, which supported growth in its mainstay …
Asian Paints sees demand turnaround driven by tame India inflation, urban ‘green shoots’ Read More »
(Reuters) -The International Monetary Fund (IMF) on Tuesday slightly upgraded its 2025 and 2026 economic growth forecasts for India, citing a more favourable global economic situation. The IMF revised its growth forecast for the South Asian country to 6.4% for both 2025 and 2026, up from the 6.2% it had projected in April. India’s growth …
IMF slightly raises India’s growth forecast to 6.4% Read More »
(Reuters) -Indian courier delivery firm Blue Dart Express’s first-quarter profit fell nearly 9% on Tuesday as higher expenses offset a rise in volumes. The company, which competes with Delhivery and IPO-bound Shadowfax, said its consolidated net profit fell 8.6% to 488.3 million Indian rupees ($5.62 million)in the quarter ended June 30. Its revenue from operations …
By Jaspreet Kalra and Ashwin Manikandan MUMBAI (Reuters) -Indian lenders are pulling back on retail credit just as the central bank’s rate cuts begin to filter through the economy, raising concerns that cautious lending and strained household finances could blunt their impact on consumption. India’s central bank has slashed interest rates and infused hefty cash …
India retail credit squeeze threatens central bank’s consumption revival hopes Read More »
By Rishika Sadam HYDERABAD (Reuters) -U.S.-based laboratory equipment maker Agilent Technologies plans to double its investments in India to expand in one of its fastest-growing markets, a top executive said. The company anticipates the Indian market to grow in the high teens and beyond, CEO Padraig McDonnell told Reuters, during the inauguration of its center …
Agilent Tech looks to double investments in India, eyes high-teen growth, CEO says Read More »
By Ashwin Manikandan MUMBAI (Reuters) -The Indian central bank on Tuesday capped lenders’ collective investments in so-called alternative investment funds at 20% of the funds’ corpus. Alternative investment funds are privately pooled funds investing in listed, unlisted and other asset classes. The regulator had in May proposed a cap of 15% in draft guidelines. The …
Indian central bank caps lenders’ investments in alternative investment funds at 20% Read More »
(Reuters) -India’s infrastructure giant Larsen & Toubro beat quarterly profit estimates on Tuesday, boosted by rising overseas contracts. Seen as a bellwether for India’s infrastructure sector, L&T has been ramping up overseas orders to offset the relatively weaker domestic market. The company’s consolidated profit after tax rose 30% to 36.17 billion rupees ($416.7 million) for …
India’s L&T beats profit estimates on strong international order growth Read More »
