(Corrects U.S. gold futures settlement price in second paragraph) By Anjana Anil and Noel John (Reuters) -Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset. Spot gold was up 0.8% at $4,162.99 per ounce at 01:55 …
Gold climbs to over one-week peak as hopes of Fed rate cut rises Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The IMF on Wednesday reclassified India’s “de facto” exchange rate regime as a “crawl-like arrangement”, two years after branding it “stabilised”. The move follows an IMF review earlier this year and could influence how global investors interpret India’s foreign exchange framework and its tolerance for volatility. “While the exchange rate …
IMF reclassifies India’s FX regime as ‘crawl-like’ from ‘stabilised’ Read More »
By Eric Onstad LONDON (Reuters) -Trafigura lawyers said Prateek Gupta’s allegations that the group concocted a secret scheme to swap expensive nickel for low-value metals were full of inconsistencies, as the Indian businessman gave evidence in a long-running fraud case on Wednesday. Switzerland-based commodity trader Trafigura sued Gupta over two years ago, alleging he was …
Trafigura accuses Gupta of weaving incoherent web to cover $600 million nickel fraud Read More »
NEW DELHI (Reuters) -India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said on Wednesday, in an effort to cut reliance on imports for the elements critical to sectors ranging from electric vehicles and aerospace to defence and renewable energy. India’s consumption of rare earth permanent …
India approves $816 million rare earth permanent magnets manufacturing programme Read More »
By Aditi Shah Gurugram, INDIA (Reuters) -Tesla’s low running costs, including maintenance and fuel, can help Indian buyers to recoup about one-third of the Model Y’s $67,000 price tag over four to five years, the company’s India head said on Wednesday. Tesla entered India in July with its imported Model Y, priced at a significant …
Tesla flags low maintenance and fuel costs to woo Indian buyers Read More »
NEW DELHI (Reuters) -Ash plumes from a volcanic eruption in Ethiopia covered parts of Pakistan and northern India on Tuesday, forcing Air India and Akasa Air to cancel some flights as a precaution. The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday for the first time in recorded history, sending ash plumes up …
Ethiopian volcano ash forces Indian carriers to cancel flights Read More »
NEW DELHI (Reuters) -India’s power regulator is considering auctioning transmission connectivity that has been lying idle because renewable energy developers failed to sign power purchase agreements, according to a staff paper uploaded on the website. The Central Electricity Regulatory Commission said about 31.8 gigawatts of grid access was granted to projects based on letters of …
India’s power regulator mulls auctioning unused grid slots as renewable projects stall Read More »
KOCHI/BHUBANESWAR/NEW DELHI (Reuters) -Indian trade unions held protests across the country on Wednesday as workers staged marches and meetings against four new labour codes, which the government says are the biggest overhaul of workplace rules in decades. Demonstrations were held in states including Kerala, Odisha, Tamil Nadu and West Bengal, and the national capital New …
Unions protest at rollout of India’s new labour codes Read More »
(Reuters) -Deutsche Bank raised its 2026 gold price forecast to $4,450 an ounce from $4,000 on Wednesday, citing stabilising investor flows and persistent central bank demand. The bank now expects a $3,950–$4,950 range next year, with the top end about 14% above the current price of the December 2026 COMEX gold futures contract. Deutsche Bank …
Deutsche Bank raises 2026 gold price forecast to $4,450/oz Read More »
By Bharath Rajeswaran (Reuters) -India’s benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current levels, supported by steady fiscal and monetary policy that are expected to fuel demand, J.P. Morgan said on Wednesday. The Nifty and its peer Sensex are now at 26,205.3 and 85,609.51, just …
