By Nicole Jao NEW YORK (Reuters) -Oil prices eased on Wednesday after government data showed U.S. crude oil stockpiles rose unexpectedly last week, prompting investor concerns of excess supplies. Brent crude futures settled 54 cents, or around 0.81%, lower to $66.09 a barrel. U.S. West Texas Intermediate crude slipped 52 cents, or 0.82%, to $63.15. …
By Sarah Qureshi (Reuters) – Gold prices dropped more than 2% on Wednesday, hitting an over one-month low, as rising trade optimism boosted risk appetite, leading investors to shift away from bullion. Spot gold slipped to its lowest since April 11, shedding 2% to $3,181.62 an ounce, as of 1355 ET (17:55 GMT). Bullion fell …
Gold prices fall to over one-month low as trade optimism rises Read More »
(Reuters) -India’s top lender State Bank of India will consider raising $3 billion through a public offer or private placement of foreign currency bonds during financial year 2026, it said on Wednesday. SBI will have a board meeting on May 20 to deliberate on the fundraise. (Reporting by Nandan Mandayam in Bengaluru; Editing by Krishna …
India’s SBI to consider $3 billion fundraise during fiscal 2026 Read More »
By Shivani Tanna (Reuters) -India’s Jubilant FoodWorks reported increased fourth-quarter profit and sales growth on Wednesday, as the Domino’s Pizza franchisee benefited from strong online sales due to discounts and free deliveries, as well as new store additions. India’s fast-food sector is cooling as budget-conscious customers are cutting back on spending amid high living costs …
Domino’s India operator posts higher profit on strong online sales, new stores Read More »
By Nishit Navin BENGALURU (Reuters) -Indian gold loan financier Muthoot Finance said on Wednesday the central bank’s proposed gold loan regulations, particularly the loan-to-value (LTV) ratio limit, could drive borrowers away from formal lenders and into the hands of unregulated players. Last Month, the Reserve Bank of India put forward tighter guidelines for lenders disbursing …
(Reuters) -Paint maker Akzo Nobel India reported a flat fourth-quarter profit on Wednesday, due to weak demand and rising costs. The “Dulux” paint maker’s consolidated net profit fell 0.3% to 1.08 billion rupees ($12.6 million) in the quarter ended March 31. The firm, a unit of the Netherlands’ Akzo Nobel, said its revenue from operations …
(Reuters) -India’s Tata Power posted a bigger fourth-quarter profit on Wednesday, aided by robust power demand. The company’s consolidated net profit rose 16.5% to 10.43 billion rupees ($122.2 million) in the quarter, from 8.95 billion rupees in the year-ago period. Revenue from operations rose 7.9% to 153.91 billion rupees. The company said its capital expenditure …
India’s Tata Power posts bigger quarterly profit on strong demand Read More »
NEW DELHI (Reuters) -India will increase its publication of labour force data and release it on a monthly basis, the country’s ministry of statistics said on Wednesday. The first monthly bulletin for April is scheduled for release in May, the ministry said, adding that the quarterly results of the survey will be published for rural, …
India to increase publication frequency of labour data Read More »
NEW DELHI (Reuters) -India’s wholesale inflation in April slowed to a 13-month low on the back of moderating food prices, government data showed on Wednesday. In April, wholesale inflation, a proxy for producer prices, recorded at 0.85% year-on-year, compared to 2.05% in March. The print was lower than the 1.76% projected by economists in a …
India’s April wholesale inflation slows to 13-month low as food prices fall Read More »
(Reuters) -India’s V-Guard Industries, which focuses largely on selling wires, reported a bigger-than-expected rise in quarterly profit on Wednesday on strong demand for fans, air coolers and air conditioners ahead of the summer. Consolidated net profit rose nearly 20% to 911.3 million rupees ($10.7 million) in the three months to March 31, beating analysts’ average …
India’s V-Guard reports profit above estimates on strength in wires business Read More »
