By Kavya Balaraman and Noel John Dec 17 (Reuters) – Robust investment demand for silver, its inclusion on the U.S. critical minerals list, and a wave of momentum buying have propelled the white metal to a fresh record high, setting prices up to close out 2025 at more than double the level at which they began. …
Perfect storm of factors propels silver to record high above $65/oz Read More »
By Nikunj Ohri NEW DELHI, Dec 17 (Reuters) – India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country. The increase in the FDI limit could boost investments and improve insurance …
India’s parliament approves bill to raise foreign direct investment in insurance to 100% Read More »
MUMBAI, Dec 17 (Reuters) – India’s central bank on Wednesday barred The Gauhati Co-operative Urban Bank from issuing new loans and suspended deposit withdrawals of more than 35,000 rupees ($387.31) for six months, citing supervisory concerns and liquidity issues with the lender. The Reserve Bank of India said the directions were necessary due to concerns …
India cenbank imposes curbs at Gauhati Co-operative Urban Bank on supervisory concerns Read More »
By Nathan Gomes Dec 17 (Reuters) – U.S. aviation startup Natilus on Wednesday said that India’s SpiceJet has ordered 100 of its blended-wing-body jets, as the company marks its entry into the fast-growing Indian market with the launch of a local subsidiary. India’s aviation market is the fifth biggest in the world, according to industry …
Natilus marks India foray with new subsidiary, SpiceJet order for 100 jets Read More »
By Polina Devitt LONDON, Dec 17 (Reuters) – Gold has made its biggest jump since the 1979 oil crisis in 2025 — with prices doubling in the last two years — a performance which might previously have meant forecasts of a big correction. Yet a growing investor pool and factors ranging from U.S. policy to …
Analysis-Gold forecast to glitter again next year despite biggest gain since 1979 Read More »
NEW DELHI, Dec 17 (Reuters) – The lower house of Indian parliament on Wednesday voted in favour of an atomic energy bill that will allow private participation in the country’s nuclear power sector. The legislation paves the way for a major shift from the existing system where state-run Nuclear Power Corporation of India has a monopoly …
Indian parliament lower house votes to allow private firms in nuclear power sector Read More »
By Vivek Kumar M Dec 17 (Reuters) – India’s equity benchmarks inched lower for a third consecutive session on Wednesday as sentiment remained subdued amid concerns over foreign outflows and rupee depreciation, with no clarity regarding an India-U.S. trade deal. The Nifty 50 fell 0.16% to 25,818.55, and the BSE Sensex lost 0.14% to 84,559.65. …
India equity benchmarks inch lower for third day as investors await fresh cues Read More »
By Jaspreet Kalra MUMBAI, Dec 17 (Reuters) – The Indian rupee soared on Wednesday to post its best one-day gain in two months as heavy-handed intervention by the Reserve Bank of India halted its five-day long slide and blunted budding speculative pressure against the currency. The rupee closed at 90.38 per U.S. dollar, up 0.7% …
Rupee snaps losing streak, logs best day in 2 months on firm RBI intervention Read More »
MUMBAI/SINGAPORE, Dec 17 (Reuters) – No currency has been hit harder by U.S. tariffs than India’s rupee – and there may yet be more downside as investors pull out of the country until they see a trade deal struck with Washington. The rupee is among the worst-performing currencies globally this year, sliding 6% against the …
Analysis-India’s trade impasse with Trump keeps rupee in the cold Read More »
By Nidhi Verma NEW DELHI/MOSCOW, Dec 17 (Reuters) – India’s Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as refiners have resumed buying from non-sanctioned entities offering deep discounts. Ties between the two countries have remained strong despite …
India’s Russian oil imports show resilience despite sanctions, sources say Read More »
