By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee posted its biggest one-day gain in a month on Monday as central bank intervention helped it rebound from near its all-time low, even as traders expect the currency to tilt more towards depreciation in the near-term. The rupee ended at 89.23 against the U.S. dollar, up 0.3% …
Central bank intervention hoists rupee but bearish undercurrent persists Read More »
By Neha Arora NEW DELHI (Reuters) -India’s finished steel imports during the first seven months of the financial year were down 34.1% year-on-year, according to provisional government data reviewed by Reuters on Monday. India, the world’s second-biggest crude steel producer, imported 3.8 million metric tons of finished steel during April-October and was a net importer …
India’s finished steel imports in April-October down 34%, govt data shows Read More »
(Reuters) -India’s Hindustan Aeronautics Ltd (HAL) said on Monday the crash of a Tejas fighter jet in Dubai last week was an isolated occurrence caused by exceptional circumstances, without providing further details. On Friday, a Tejas fighter jet crashed in a ball of fire in front of horrified spectators during an aerial display at the …
India’s Tejas jet-maker HAL calls Dubai crash an isolated occurrence Read More »
By Praveen Paramasivam CHENNAI (Reuters) -UK cosmetics brand Lush has returned to India around two decades after its exit, aiming to tap the country’s booming luxury beauty market, a senior executive told Reuters. The company has partnered with Bengaluru-based Bilberry Brands under a licensing deal, starting with an online launch before expanding into physical stores. …
UK’s Lush returns to India as luxury beauty booms Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -The Reserve Bank of India stepped in aggressively on Monday to slow the downward pressure on the rupee that had built up after the local currency slipped past a key level on Friday and brought the psychological 90-mark into focus. The rupee was last trading at 89.16 …
RBI comes back swinging to hit the brakes on Indian rupee’s slide towards 90 Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee is likely to face further depreciation pressure this week, with traders eyeing a move toward 90 per U.S. dollar in the absence of firm central bank intervention, while bond yields will track liquidity movements and local growth data. The rupee slumped to a record …
Indian rupee at risk of steeper losses, bonds to react to liquidity and growth data Read More »
By Promit Mukherjee and Nellie Peyton OTTAWA (Reuters) -Canada and India have agreed to restart stalled talks for a new trade deal, the Indian government said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago. Prime Minister Mark Carney met with India’s Prime Minister Narendra Modi for a bilateral …
Canada, India agree to restart trade talks, says Indian government Read More »
By Shivam Patel and Tim Hepher NEW DELHI/DUBAI (Reuters) -The crash of India’s Tejas fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology. The cause …
Analysis-Tejas crash dampens export hopes for Indian fighter jet Read More »
By Sarita Chaganti Singh and Manoj Kumar MUMBAI (Reuters) -Ten large Indian trade unions condemned the government’s rollout on Friday of new labour codes, the biggest such overhaul in decades, as a “deceptive fraud” against workers. The unions, aligned with parties opposing Prime Minister Narendra Modi, demanded in a statement late on Friday that the …
India trade unions condemn new labour codes, plan nationwide protests Read More »
By Pablo Sinha (Reuters) -Gold prices held steady on Friday, after falling over 1% earlier in the session, as traders boosted bets on a December U.S. interest rate cut following dovish U.S. Federal Reserve comments. Spot gold was steady at $4,086.57 per ounce, as of 01:48 p.m. ET (18:48 GMT), after falling more than 1% …
Gold steady as traders ramp up December rate cut bets Read More »
