By Sarah Qureshi and Ashitha Shivaprasad (Reuters) – Gold prices were steady on Friday and poised for a weekly loss after U.S. President Donald Trump delayed a decision on entering the Israel-Iran conflict. Spot gold was little changed at $3,369.63 an ounce, as of 1157 a.m. EDT (1557 GMT), its lowest since June 12, while …
Gold poised for weekly loss as US delays decision on Middle East involvement Read More »
(Reuters) -India’s central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points. Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of …
India’s central bank cuts small finance banks’ lending requirement to priority sectors Read More »
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – A big rate cut would assure stakeholders of India’s focus on economic growth and aid in faster transmission while boosting investment and consumption, members of the monetary policy committee wrote in the June policy minutes published on Friday. Two weeks ago, the Reserve Bank of India …
NEW DELHI (Reuters) -India’s infrastructure output grew 0.7% year-on-year in May, government data showed on Friday. The index, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at a revised 1% in April, compared to the initial estimate of 0.5%. KEY NUMBERS * Crude oil output dropped 1.8% …
India’s infrastructure output rises 0.7% year-on-year in May Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) – State-run Hindustan Aeronautics Ltd has won a bid to commercially make India’s small satellite launch rockets, in the government’s biggest move yet to open its fast-growing space industry to private players. Fighter jet maker HAL won with a bid of 5.11 billion rupees ($59 million), space regulator the Indian …
Warplane maker HAL wins bid to make India’s small satellite launch rockets Read More »
By Siddhi Nayak, Vivek Kumar M and Bharath Rajeswaran MUMBAI (Reuters) -The initial public offering of India’s HDB Financial has been priced based on the fundamentals of the business, unaffected by the roughly 70% premium the stock is trading at in the informal ‘grey market’ for unlisted securities, bankers said on Friday. Shares in the …
By Bharath Rajeswaran (Reuters) -Indian equity benchmarks rose on Friday, driven by gains in financials after the central bank eased project financing rules, and closed the week higher despite ongoing tensions in the Middle East. The Nifty 50 rose 1.29% to 25,112.4, while the BSE Sensex added 1.29% to 82,408.17. Both the indexes snapped a …
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended modestly higher on Friday but fell for a second consecutive week as the conflict between Iran and Israel remained the key driver for global markets and kept energy prices elevated, pressuring oil-sensitive currencies in Asia. The rupee ended at 86.5850, up from its close of …
Rupee gains slightly to cap week clouded by Middle East conflict Read More »
By Nidhi Verma MEERUT, INDIA (Reuters) -Indian state fuel retailer Hindustan Petroleum Corp Ltd (HPCL) aims to invest about 20 billion rupees ($231.04 million) in the next two to three years to set up 24 compressed biogas (CBG) plants, a company official said on Friday. India, among the world’s largest greenhouse gas emitters, is exploring …
HPCL to invest $231 million to build 24 compressed biogas plants in India Read More »
BENGALURU (Reuters) -Software services firm Cognizant Technology Solutions will invest 15.82 billion rupees ($182.76 million) to build a new campus in south Indian city of Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday. Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not …
Cognizant to invest $183 million for new India campus, add 8,000 jobs Read More »
