MUMBAI (Reuters) -Indian gold futures rose above the psychologically important 100,000 rupees ($1,161.02) per 10 grams mark for the first time ever on Friday morning, on a weak rupee and tracking gains in overseas markets, dealer said. Domestic gold futures rose 2% to a record high of 100,403 rupees per 10 grams in early trade, …
Indian gold futures breach key 100,000 rupees level to hit record high Read More »
By Dan Catchpole, Nathan Gomes and Shashwat Chauhan SEATTLE/BENGALURU (Reuters) -Boeing leadership was back in crisis mode on Thursday following the deadly crash of an Air India 787-8 Dreamliner jet minutes after take-off earlier in the day. The planemaker’s new CEO Kelly Ortberg had been set to head to the Paris Air Show, the industry’s …
Air India crash is the latest test for new Boeing leadership Read More »
By Lawrence Delevingne and Amanda Cooper (Reuters) -The dollar hit a 2025 low on Thursday but Wall Street stocks continued their recent rally as traders weighed low inflation readings, rising Middle East tensions, and the fragility of a U.S.-China trade truce. U.S. consumer and producer inflation reports showed overall price pressures remained contained in May, …
Stocks tick up but dollar hits 2025 low amid mixed macro signals Read More »
(Reuters) -Billionaire Mukesh Ambani-led Reliance Industries said on Thursday it has slashed its stake in Asian Paints, selling shares worth 77.04 billion rupees ($901 million). India’s largest paintmaker is currently facing potential antitrust scrutiny, while its growth is being challenged by aggressive new entrants like the Aditya Birla Group’s Birla Opus, as well as urban …
Reliance Industries trims stake in India’s Asian Paints Read More »
By Ashitha Shivaprasad and Sarah Qureshi (Reuters) – Gold prices scaled a one-week peak on Thursday, steered by simmering Middle East tensions and cooler U.S. economic data that fuelled fresh bets on Federal Reserve rate cuts. Spot gold gained 0.9% to $3,383.22 an ounce by 1408 ET (1808 GMT), its highest level since June 5. …
Gold hits one-week peak on geopolitical risks, rate-cut bets Read More »
(Reuters) -More than 200 people were killed when an Air India Boeing 787 bound for London with 242 people on board crashed minutes after taking off from India’s western city of Ahmedabad on Thursday. Here are some details on the wide-body intercontinental jet: The Boeing 787 Dreamliner is one of the most advanced jets in …
Factbox-Air India disaster is first fatal Boeing 787 accident Read More »
MUMBAI (Reuters) -The Reserve Bank of India has decided not to conduct the 14-day main operation under the liquidity management framework scheduled for Friday, it said in a statement on Thursday. The decision was made following “a review of the current and evolving liquidity conditions” marking the third consecutive fortnight that the central bank has …
India cenbank skips 14-day main liquidity ops for a third straight fortnight Read More »
(Reuters) – India’s retail inflation stayed below the Reserve Bank’s 4% target for the fourth straight month in May on easing food prices, reinforcing the case for last week’s surprise 50 basis point interest rate cut by the central bank. Annual retail inflation slowed to 2.82% in May from 3.16% in April, the lowest in …
(Reuters) -A Boeing 787 Dreamliner operated by Air India, one of its home country’s largest airlines, crashed moments after take-off on Thursday on a flight from Ahmedabad to London Gatwick, killing at least 30. Here are the facts about the airline’s long history: FOUNDED IN 1932 Air India was started by entrepreneur JRD Tata in …
Factbox-Air India’s long history as it faces crisis of Ahmedabad crash Read More »
By Sarita Chaganti Singh and Manoj Kumar NEW DELHI (Reuters) -India’s retail inflation stayed below the central bank’s 4% target for the fourth straight month in May on easing food prices, reinforcing the case for last week’s surprise steep interest rate cut. Annual retail inflation slowed to 2.82% in May, the lowest in more than …
India’s inflation falls to 2.82% in May in longest run below target in 6 years Read More »
