Reuters India Business

NEW DELHI (Reuters) -India’s wholesale inflation in May slowed to 0.39% year-on-year from 0.85% in April, government data showed on Monday. Economists polled by Reuters had estimated wholesale price inflation at 0.8%. Wholesale inflation in May was lowest since 0.26% recorded in March 2024. Annual retail inflation slowed to 2.82% in May, the lowest in …

India’s May wholesale inflation at 0.39% y/y, lowest in over a year Read More »

(Reuters) -Meta Platforms said on Monday that Arun Srinivas has been appointed as the managing director and head for Meta in India, effective July 1. Srinivas currently heads the tech giant’s India ads business, according to his LinkedIn profile. His appointment comes at a time when Meta and Indian authorities have locked horns regarding allegations …

Meta appoints Arun Srinivas as India head Read More »

By Scott DiSavino (Reuters) -U.S. natural gas futures climbed about 3% on Friday, tracking gains in oil prices after Israel launched strikes against Iran, raising worries the conflict could disrupt Middle Eastern oil and gas supplies. U.S. crude futures jumped $4.94, or 7.3%, to settle at $72.98 a barrel, their highest close since February. [O/R] …

US natgas prices climb 3% on soaring oil futures after Israel strikes Iran Read More »

By Ashitha Shivaprasad and Sarah Qureshi (Reuters) – Gold prices soared on Friday as investors flocked to safe-haven assets following Israeli airstrikes on Iran, re-igniting fears of a broader conflict in the Middle East. Spot gold rose 1.3% at $3,428.10 an ounce as of 1:49 p.m. EDT (1749 GMT), coming within striking distance of its …

Gold advances as Israel-Iran escalation fuels safe-haven bids Read More »

(Corrects quote to include Air France) PARIS (Reuters) -The head of Air France-KLM voiced confidence in the Boeing 787 Dreamliner as he expressed condolences to Air India and those affected by the deadly crash of a London-bound passenger jet in Ahmedabad on Thursday. “We still have confidence in the airplane; we have 34 787s in …

Air France-KLM CEO voices confidence in Boeing 787 Read More »

SEOUL/LONDON (Reuters) -Airlines steered clear of much of the Middle East on Friday after Israeli attacks on Iranian sites forced carriers to cancel or divert thousands of flights in the latest upheaval to travel in the region. Proliferating conflict zones around the world are becoming an increasing burden on airline operations and profitability, and more …

Middle East airspace shut after Israel strikes Iran, airlines cancel flights Read More »

By Khushi Malhotra NEW DELHI (Reuters) -India’s National Bank for Agriculture and Rural Development (NABARD) has obtained federal government approval to raise up to 195 billion rupees ($2.3 billion) through deep-discount bonds. NABARD can raise funds via these deep-discount zero-coupon bonds, which mature in 10 years, 11 months, and 13 days, until the end of …

India’s NABARD gets government approval to issue deep-discount debt Read More »

(Reuters) -Boeing <BA.N> and GE Aerospace are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker’s CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day. More than 240 people were killed when an Air India Boeing 787 jet bound for …

Boeing CEO cancels air show appearance visit after India crash Read More »