SANTIAGO, Chile (Reuters) -India’s Adani Enterprises Ltd is preparing to start a major smelter in India in the next four weeks that will refine copper concentrate, the company’s head of metals, Felipe Williams, said on Thursday. “In the next four weeks, we’re starting the largest metallurgical complex of copper and other metals in the world,” he said …
India’s Adani Enterprises to start copper smelter in four weeks Read More »
By Brijesh Patel and Anmol Choubey (Reuters) – Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal. Spot gold climbed 2.6% to $3,160.82 an ounce at 01:54 …
Gold hits record high as US-China trade war intensifies, dollar weakens Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -India’s top software-services exporter Tata Consultancy Services reported weaker-than-expected quarterly results on Thursday and warned uncertainty around U.S. tariffs was prompting clients to rethink discretionary projects. The $283 billion Indian IT sector was counting on the Trump administration’s business-friendly policies to revive client confidence and spending …
India’s TCS warns US tariff chaos hurting client sentiment Read More »
(Reuters) -India’s GreenLine Mobility Solutions will invest $275 million to accelerate decarbonization of heavy trucks in the country, the company said on Thursday, in a move to cut logistics-related emissions and align its supply chain with sustainability goals. Companies in India, the world’s third-largest emitter of greenhouse gases, are investing billions of dollars to help …
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MUMBAI (Reuters) – Moody’s Analytics has downgraded India’s growth forecast for 2025 by 30 basis points to 6.1% from the baseline it forecast in March, following the latest announcement of U.S. tariffs. “Although U.S. President Donald Trump has just declared a 90-day freeze on most of the harsh tariffs announced a week ago and applied …
MUMBAI (Reuters) – Indian non-bank finance firms must step up oversight of liquidity and credit risks while strengthening board-level controls, a central bank deputy governor said, warning that weak governance could amplify vulnerabilities during market stress or liquidity shocks. “Asset-liability mismatches, nature and tenor of the funding sources, and concentration risks all need board-level oversight …
India cenbank deputy urges NBFCs to bolster risk controls, board oversight Read More »
By Manas Mishra and Ananta Agarwal (Reuters) -Global drugmakers’ stocks dropped across the board after U.S. President Donald Trump reiterated plans for a “major” tariff on pharmaceutical imports, threatening an interwoven global supply chain, and as his country-specific reciprocal tariffs took effect, leading to more pain in global markets. Pharmaceutical imports were initially exempt from …
Global pharma shares plunge as Trump doubles down on tariff threat Read More »
BENGALURU (Reuters) – India’s markets regulator said on Wednesday it had constituted a committee to review provisions and make recommendations related to conflict of interest for its members and officials. The Securities and Exchange Board of India (SEBI) said the committee will look into enhancing the existing framework to ensure transparency, accountability and ethical conduct …
By Brijesh Patel (Reuters) – Gold climbed more than 3% on Wednesday and was poised for its best day since March 2023, supported by a decline in the dollar and safe-haven inflows amid escalating U.S.-China trade tensions after Beijing announced more levies on U.S. goods. Spot gold was up 3.4% to $3,086.04 an ounce, as …
Gold rises, eyes best day since March 2023 as tariff war heats up Read More »
LONDON (Reuters) -India’s Finance Minister Nirmala Sitharaman said her country’s economy – hit by U.S trade tariffs – will need help from the Reserve Bank of India and the government as she welcomed Wednesday’s interest rate cut by the central bank. The RBI’s Monetary Policy Committee cut its repo rate (INREPO=ECI) for a second consecutive …
India’s finance minister says country needs support from central bank and government Read More »
