By Pablo Sinha (Reuters) -Gold prices rose from a one-week low on Tuesday, supported by soft U.S. employment numbers, while investors assessed the likelihood of a Federal Reserve interest rate cut in December ahead of more delayed U.S. data releases this week. Spot gold was up 0.4% at $4,072.37 per ounce at 2 p.m. EST (1900 …
Gold gains on soft US economic data; traders weigh Fed rate-cut chances Read More »
(Reuters) -India’s Azad Engineering said on Tuesday it has signed an agreement with Pratt & Whitney Canada Corporation to develop and make aircraft engine components. Hyderabad-based Azad, which makes industrial machinery and equipment across sectors such as aerospace, defence and energy, did not provide the value of the order, citing confidentiality. The pact with Pratt …
India’s Azad Engineering signs aircraft engine parts deal with Pratt & Whitney Canada Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Indian farmers are set to expand wheat acreage by about 5% to a record high, aided by higher returns and October’s untimely rains, which improved soil moisture and encouraged a shift from rainfed crops to the cereal, industry officials told Reuters. The higher planting is expected to help the world’s …
India set for record wheat planting as soil moisture and prices rise Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks snapped a six-session winning streak on Tuesday due to losses in information technology and metal stocks, as investors awaited key U.S. economic data releases that would offer cues on whether the Federal Reserve cuts rates next month. The Nifty 50 fell 0.4% to 25,910.05, …
India’s stock benchmarks pull back after six-session rise; IT, metals drag Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee ended flat on Tuesday as modest portfolio inflows and intermittent dollar sales from state-run banks helped cushion the impact from weak global equities and regional currencies. The rupee closed at 88.6050 against the U.S. dollar, nearly unchanged from its close at 88.63 in the previous session. Asian …
Rupee ends flat as modest inflows counter global risk-off pressure Read More »
(Reuters) -Fund manager Ascertis Credit said on Tuesday that it had notched a $520 million first close for its private-credit fund, one of the largest of its kind in India. The first close marks the end of the initial offer period, while Ascertis Credit still aims to raise $1 billion, having garnered interest from institutional …
Ascertis Credit raises $520 million for Asia-focussed private credit fund Read More »
SINGAPORE (Reuters) -India’s Reliance has purchased 1 million barrels of heavy crude from Kuwait Petroleum Corp via a tender, four trade sources said. Last week, KPC issued a tender to sell crude oil that the Al-Zour refinery is unable to process because of unplanned maintenance after a fire. The cargoes – 500,000 barrels of Kuwait …
Reliance buys 1 million barrels of crude from Kuwait’s KPC, trade sources say Read More »
By Bharath Rajeswaran (Reuters) -India’s corporate earnings are staging their strongest recovery in over a year, with brokerages turning upbeat on profit growth for the second half as they expect a broader rebound in consumption. Cooling inflation, massive tax cuts on consumer goods and monetary policy support are helping revive overall demand, while early festive-season …
Indian earnings turn a corner as cooling inflation, tax cuts, lift purchasing power Read More »
By Manvi Pant (Reuters) -Shares of Indian edtech firm PhysicsWallah soared as much as 48.6% in their trading debut on Tuesday, notching a $5.2 billion valuation and signaling renewed interest in a sector that has been under financial strain. It is the first edtech firm to go public after the sector saw Byju’s – valued at …
Indian edtech firm PhysicsWallah jumps 49% in trading debut, valued at $5.2 billion Read More »
By Pablo Sinha (Reuters) -Gold prices fell more than 1% on Monday, pressured by a stronger dollar and reduced expectations of a U.S. interest rate cut next month, as investors awaited delayed economic data this week that could offer clues on the Federal Reserve’s policy path. Spot gold was down 1.5% at $4,019.12 per ounce, …
Gold falls over 1% on firm dollar, reduced rate cut bets Read More »
