By Ishaan Arora and Anjana Anil (Reuters) – Gold prices rose back above $2,900 per ounce on Monday, supported by a weaker dollar and fears of a trade war as U.S. President Donald Trump threatened reciprocal tariffs. Spot gold was up 0.5% to $2,897.49 as of 2:10 p.m. ET (1910 GMT), retreating from an intraday …
Gold gains on softer dollar, Trump tariff threats Read More »
By Dhwani Pandya MUMBAI (Reuters) – A lawyer for an Indian unit of German carmaker Volkswagen said on Monday the country’s $1.4 billion tax demand could become a matter of survival for its business in the country, as it continues to contest the order. The tax notice was slapped on Volkswagen unit Skoda Auto Volkswagen …
By Sarita Chaganti Singh and Krishna N. Das NEW DELHI (Reuters) -Indian state power company NTPC is looking to build 30 gigawatts of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said. The country’s top power producer, which mainly runs coal-fired plants, …
Exclusive-India’s NTPC plans to spend $62 billion on 30 GW of nuclear power, sources say Read More »
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) -India said on Monday that bilateral merchandise trade with the United States has increased by about 8% to more than $106 billion in the ten months through January and a proposed trade pact between the two countries will further benefit both. During Prime Minister Narendra Modi’s …
India eyes to boost trade with US; January trade deficit as expected Read More »
By Bharath Rajeswaran and Chris Thomas (Reuters) -India’s benchmark indexes settled flat on Monday after eight sessions of declines, as gains in heavyweights HDFC Bank and Reliance Industries offset weakness due to muted corporate earnings and global trade uncertainty. The Nifty 50 added 0.13% to 22,959.5, while the BSE Sensex was up 0.08% at 75,996.86. …
Indian benchmarks end flat as Reliance, HDFC offset weakness in earnings, trade worries Read More »
NEW DELHI/MUMBAI (Reuters) – India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the central bank suspended withdrawals from New India Co-operative Bank over supervisory concerns. Every Indian bank account holder’s deposits are insured up to 500,000 rupees ($5,758) in case a bank goes under. In …
India mulls raising limit for bank deposit insurance, financial services secretary says Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) -Indian conglomerate Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle, three sources familiar with the matter told Reuters. The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to …
By Aditya Kalra and Nikunj Ohri NEW DELHI (Reuters) -Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows. The tax demand is significant for Aviva’s India …
Aviva’s India arm hit with $7.5 million fine for fake invoice scheme, order shows Read More »
By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s direction this week will be shaped by the dollar’s reaction to its recent correction and whether worries over U.S. tariffs continue to subside, while the bond market will be on watch for any further liquidity infusion measures by the central bank. The rupee …
India rupee to take cues from dollar path, tariff reaction; bonds to eye liquidity moves Read More »
By Brijesh Patel and Daksh Grover (Reuters) -Silver prices hit their highest since late October on Friday, latching on to factors that drove gold to successive record highs, with some analysts suggesting investors in the metal may aim to challenge a 10-year high just shy of $35 per ounce. However some analysts were cautious on …
Silver catches a lift from gold’s bull run to eye 10-year peak Read More »
