By Jaspreet Kalra and Khushi Malhotra MUMBAI (Reuters) -The Indian rupee and bonds are expected to soar this week after a truce was reached and held between nuclear-armed rivals India and Pakistan following the worst clashes between them in nearly three decades. Indian share benchmarks jumped nearly 4% on Monday to log their best day …
Indian rupee, bonds poised to rally on ceasefire with Pakistan Read More »
By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs and cooperate to avoid rupturing the global economy. Following weekend talks in Geneva, both sides agreed that the …
Stocks, dollar surge as US and China agree 90-day tariff relief Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.05, or 1.6%, to settle at …
Oil prices settle up at 2-week high as US, China ease tariffs Read More »
By Sarah Qureshi and Ashitha Shivaprasad (Reuters) – Safe-haven gold fell 3% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs. Spot gold was down 3% at $3,225.28 an ounce, as of 1344 ET (17:44 GMT). Bullion, considered a hedge against …
Gold falls 3% as US and China strike tariff deal Read More »
(Reuters) -Tata Steel, India’s second-biggest steelmaker by market cap, reported a bigger-than-expected rise in quarterly profit on Monday, helped by a dip in input costs. Its consolidated net profit rose more than twofold to 13.01 billion rupees ($153.32 million) in the quarter ended March 31, ahead of analysts’ estimates of 10.63 billion rupees, according to …
India’s Tata Steel beats quarterly profit estimates on lower expenses Read More »
(Reuters) -Gensol Engineering said on Monday Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have resigned, nearly a month after India’s market regulator barred them from holding key positions in the company. The Securities and Exchange Board of India took a slew of actions against Gensol in April, including barring its founders …
India’s Gensol Engineering MD Anmol Jaggi resigns after regulatory order Read More »
By Nandan Mandayam (Reuters) -Indian e-scooter maker Ather Energy, founded in 2013, reported a smaller full-year loss for the first time ever on Monday, as strong demand for its ‘Rizta’ scooter and lower unit costs boosted margins. Ather started selling e-scooters in 2018, becoming a pioneer in the Indian market, but has since fallen behind …
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares logged their best session in more than four years on Monday, surging nearly 4% in a broad-based relief rally after the country reached and held a fragile ceasefire with Pakistan over the weekend after days of cross-border clashes. The Nifty 50 closed 3.82% higher at …
Indian stocks log best day in 4 years on border truce; Pakistan shares surge Read More »
(Reuters) -Indian chemicals and polymers maker SRF posted a bigger-than-expected rise in its fourth-quarter profit on Monday, helped by healthy demand in its mainstay chemicals business. SRF posted a 24.6% rise in consolidated profit after tax to 5.26 billion rupees ($62 million) for the quarter ended March 31, beating analysts’ average estimate of 4.81 billion …
Indian chemicals maker SRF beats quarterly profit view on robust demand Read More »
(Reuters) – India’s Bajaj Electricals reported a 101.5% jump in fourth-quarter profit on Monday, helped by a one-time income and strong demand for its home appliances, which range from air coolers to LED lights. The company’s consolidated net profit rose to 590.5 million rupees ($6.95 million) in the quarter ended March 31, from 293.1 million …
