By Anmol Choubey (Reuters) – Gold prices steadied on Wednesday, buoyed by safe-haven demand amid fears of a global trade war spurred by U.S. President Donald Trump’s new tariffs as the market digested hotter-than-expected U.S. inflation data. Spot gold was steady at $2,895.30 per ounce as of 2:39 p.m. ET (1939 GMT). U.S. gold futures …
Gold steadies as trade war concerns lend support Read More »
By Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – OpenAI is seeking to stop Indian media groups, including those of Gautam Adani and Mukesh Ambani, from joining a copyright lawsuit against the U.S. company, saying it does not use their content to train ChatGPT, a legal filing seen by Reuters shows. The …
By Siddhi Nayak and Nishit Navin MUMBAI/BENGALURU (Reuters) -The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring Kotak Mahindra Bank from onboarding new clients digitally and issuing fresh credit cards due to gaps in its IT infrastructure. This is the latest example of India’s central bank easing restrictions …
India’s RBI lifts ban on Kotak issuing credit cards, enrolling clients digitally Read More »
SAO PAULO (Reuters) – Brazilian state-run oil giant Petrobras said on Wednesday it has signed a memorandum of understanding seeking to cooperate with India’s ONGC, a fellow state-controlled company, in several areas. The agreement aims to “expand mutual opportunities” in exploration and production, oil and gas sales, decarbonization and the development of biofuels, Petrobras said …
Petrobras, India’s ONGC agree to cooperate in exploration and production Read More »
(Reuters) – India’s Crompton Greaves Consumer Electricals reported a smaller-than-expected rise in quarterly profit on Wednesday due to sluggish demand in its mainstay electric durables segment that sells fans and pumps. Consolidated net profit increased 27.7% to 1.10 billion rupees ($12.7 million) in the quarter, but fell short of analysts’ average estimate of 1.15 billion …
By Dharamraj Dhutia MUMBAI (Reuters) – India’s central bank on Wednesday surprised markets by announcing another liquidity infusion this week as it aims to inject funds in the banking system for the longer term. The Reserve Bank of India will conduct a 49-day variable rate repo for 750 billion rupees ($8.63 billion) on Friday, it …
India’s central bank boosts long-term liquidity infusion again Read More »
By Mohamed Ezz DUBAI (Reuters) – India has exported up to 500,000 metric tons of sugar so far this season, but the pace is already slowing, and it may struggle to fulfil the one million tons allowed by the government, trade and industry sources said on Wednesday. “There are fears that the one million (ton) …
India seen struggling to fulfil sugar export quota, industry sources say Read More »
(Reuters) – The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions. High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India’s economic growth, including by the federal …
Factbox-India’s central bank begins unwinding curbs on NBFCs and banks Read More »
NEW DELHI (Reuters) – Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the income tax, customs and excise departments. Here are some of the biggest of those disputes, based on a Reuters analysis of the companies’ latest financial disclosures. MARUTI SUZUKI Maruti Suzuki, …
Factbox-Which carmakers in India are embroiled in $6 billion of tax disputes? Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s retail inflation slowed to a five-month low in January as food price inflation eased, boosting the odds of another rate cut in the South Asian economy where growth is slowing amid the escalating threat of a global trade war. Annual retail inflation in January …
India’s retail inflation eases to 5-month low, boosting rate cut hopes Read More »
