By Dharamraj Dhutia MUMBAI (Reuters) -Foreign appetite for Indian government bonds is back, with inflows picking up steadily over the last month, as investors gauge fresh expectations of a rate cut by the Reserve Bank of India as early as August. The RBI cut rates by a larger-than-expected 50 basis points in June and changed …
Resurgence of India rate-cut wagers revives foreign investor interest in bonds Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India needs to invest more than $2.4 trillion by 2050 to build climate-resilient urban infrastructure, as its fast-expanding cities face growing challenges from extreme weather events linked to climate change, the World Bank said on Tuesday. The number of Indians living in cities is projected to nearly double to …
Indian cities need $2.4 trillion for climate infrastructure by 2050, World Bank says Read More »
(Reuters) -Colgate Palmolive India reported a decline in first-quarter profit on Tuesday, as feeble urban demand and intensified competition in its core oral care business weighed on sales. The toothpaste maker’s net profit fell 12% to 3.21 billion rupees ($37.20 million) in the quarter ended June 30. Revenue from operations for the toothpaste-to-shower gels maker …
By Trixie Yap and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -A tanker chartered by energy major BP left a port run by newly sanctioned Indian refiner Nayara Energy without loading, according to five industry sources and LSEG shipping data, a sign fresh European Union curbs on Russia are beginning to bite. The vessel Talara was supposed …
BP-chartered tanker leaves port of sanctioned-Nayara without loading, sources say Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was marginally stronger on Tuesday and dollar-rupee forward premiums ticked up as concerns over the economic fallout of U.S. President Donald Trump’s trade war drove U.S. Treasury yields, the greenback and crude oil prices lower. The rupee ticked up to 86.2650 per U.S. dollar by 11:10 …
(Reuters) -Indian online delivery firm Eternal jumped nearly 15% on Tuesday after the parent of Zomato and Blinkit reported robust quarterly revenue, lifting expectations for continued growth in its quick-commerce business. Blinkit, which promises everything from salt to iPhones in under 10 minutes, is widely seen as the front-runner by analysts despite growing pressure from …
Blinkit parent Eternal jumps 15% on quick-commerce strength Read More »
NEW DELHI (Reuters) -A mini trade deal between India and the United States is unlikely before the August 1 deadline, news channel CNBC-TV18 reported on Tuesday citing sources. (Reporting by Tanvi Mehta; editing by Sudipto Ganguly)
By Devayani Sathyan and Veronica Dudei Maia Khongwir BENGALURU (Reuters) -Indian women’s participation in the workforce will take at least two decades to catch up with G20 peers, according to a Reuters poll of economists and policy experts, many of whom said they believed poorly-paid self-employment is inflating an already-low rate. Overall job creation is …
By Nidhi Verma, Mohi Narayan and Trixie Yap NEW DELHI/SINGAPORE (Reuters) -Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions, traders and industry sources said. Russia …
New EU Russia curbs may bolster Indian oil refiners’ reliance on traders Read More »
By Sethuraman N R (Reuters) -India’s Numaligarh Refinery Ltd (NRL) has extended the deadline for submitting bids for its green hydrogen project in Assam by two weeks, according to a tender document, as uncertainty looms over the state’s flagship clean energy policy. NRL, owned by explorer Oil India, has extended the last bid submission date …
