(Reuters) -HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt. Gold tends to perform well during periods of economic uncertainty and geopolitical tension, which lifted spot gold to a record high of $3,500.05 an ounce in …
HSBC raises average gold price forecasts for 2025 and 2026 Read More »
NEW DELHI (Reuters) -India’s federal cabinet on Tuesday approved an employment-linked incentive (ELI) scheme budgeted at 1 trillion rupees ($11.70 billion), aimed at generating nearly 35 million jobs over two years by offering subsidies to both employers and employees. Under the scheme, first-time employees will receive one month’s wages of up to 15,000 rupees ($175). …
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes ended flat on Tuesday, as gains in heavyweight Reliance Industries on solar business optimism offset broader sectoral losses, with investors awaiting cues from U.S. trade talks. The Nifty 50 rose 0.1% to 25,541.80 points and the BSE Sensex added 0.11% to 83,697.29. The MSCI …
India’s equity benchmarks muted as Reliance Industries offsets broader losses Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Tuesday, alongside most Asian peers, as worries over U.S. President Donald Trump’s fiscal policies and uncertainty around trade deals kept the dollar pinned at a more than three-year low against major peers. The rupee closed at 85.52 per U.S. dollar, up about 0.3% on …
Rupee gains alongside Asian peers as US policy worries trouble dollar Read More »
(Reuters) -Indian drugmaker Lupin said on Tuesday it will spin off its consumer healthcare business, LupinLife Consumer Healthcare into a separate unit, effective July 1. (Reporting by Manvi Pant in Bengaluru)
(Reuters) -India collected 1.85 trillion rupees ($21.64 billion) in goods and services tax in June, 6.2% higher than the same period last year, the government said on Tuesday. ($1 = 85.4950 Indian rupees) (Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)
By Dharamraj Dhutia MUMBAI (Reuters) -Indian billionaire Gautam Adani’s flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which …
By Neha Arora NEW DELHI (Reuters) -India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition. The Zambian government this year agreed to allocate 9,000 square km (3,475 square …
India sends geologists to Zambia to explore copper and cobalt deposits, sources say Read More »
By Rishika Sadam HYDERABAD, India (Reuters) – The death toll from the explosion and fire at Sigachi Industries’ chemical factory in southern India has risen to at least 39, officials said on Tuesday, forcing the supplier of pharma products to shut operations for 90 days. The government of Telangana state, where the facility is located, …
India’s Sigachi factory fire death toll rises to 39; cause still unknown Read More »
(Reuters) -Indian state-owned miner NMDC on Tuesday said it is exploring acquisition opportunities for critical minerals in Africa, Australia and South America, as part of its global mineral diversification strategy. On Monday, the country’s largest iron ore miner opened a Dubai office that will track mineral sector developments in Africa and Australia and focus on …
Indian miner NMDC explores critical minerals acquisition overseas Read More »
