By Sethuraman N R and Nidhi Verma (Reuters) – India’s Bharat Petroleum Corp will sign a contract with Brazil’s Petrobras for optional crude imports of 6 million barrels in 2025-26, Chairman G Krishnakumar said on Wednesday at the India Energy Week conference. “We are diversifying our crude sources and currently process oil from 21 countries. …
India’s BPCL to sign optional crude deal with Petrobras for 2025-26 Read More »
(This Feb 11. story has been corrected to fix the spelling of the name ‘Sumeet Narang’ in paragraph 8) By Sai Ishwarbharath B and Haripriya Suresh MUMBAI (Reuters) – Indian private equity and venture capital firms are hoping the ongoing slump in markets this year will force businesses to tap private funding unlike 2024 when …
Private equity poised for growth in India as IPOs wane, industry executives say Read More »
By Karen Brettell (Reuters) -The U.S. dollar fell on Tuesday as Federal Reserve Chair Jerome Powell said the U.S. central bank was in no rush to cut its short-term interest rate again and as traders waited on more concrete information regarding potential trade tariffs by U.S. President Donald Trump. Powell said in testimony before the …
Dollar falls as tariff concerns ease, Fed’s Powell stays patient on rate cuts Read More »
By Anmol Choubey (Reuters) – Gold prices slipped on Tuesday as investors booked profits following a record high, yet remained bullish amid fears of a global trade war spurred by U.S. President Donald Trump’s new tariffs. Spot gold fell 0.1% to $2,904.87 per ounce, as of 01:41 p.m. ET (1841 GMT), after hitting a peak …
Gold takes a breather after record run on trade war fears Read More »
By Mrinalika Roy SINGAPORE (Reuters) – ChampionX expects new U.S. import tariffs on steel and aluminium to drive up equipment costs for oilfield service firms, a company official said on Tuesday. U.S. President Donald Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions” in a move …
New U.S. metals tariffs to drive up oilfield equipment costs, ChampionX exec says Read More »
(Reuters) – Steel Authority of India Ltd (SAIL) reported a drop in third-quarter profit on Tuesday, hurt by weak domestic demand and as prices of the key alloy were subdued amid an influx of cheap imports. The state-owned firm reported net profit of 1.26 billion Indian rupees ($14.5 million) in the three months ended December …
India’s SAIL posts third-quarter profit drop on soft prices, weak demand Read More »
By Zaheer Kachwala and Jaspreet Singh BENGALURU (Reuters) – India’s southern state of Karnataka has received investment proposals worth nearly 10 trillion rupees ($115.31 billion), a government spokesperson said, as the country tries to bolster its manufacturing sector and generate jobs in a slowing economy. The proposed investments would focus on areas such as renewable …
India’s Karnataka state draws investment proposals worth $115 billion, spokesperson says Read More »
(Reuters) – Indian sugar maker E.I.D.-Parry reported a wider third-quarter loss on Tuesday, hurt by lower prices and higher expenses. Its loss before exceptional items and tax stood at 785.6 million rupees ($9 million) in the three months ended December 31, compared with a loss of 204 million rupees a year earlier. The company incurred …
E.I.D.-Parry India’s quarterly loss widens on lower sugar prices, higher expenses Read More »
(Reuters) – Berger Paints India’s third-quarter profit fell less than analysts’s had expected on Tuesday, as strength in the industrial business helped cushion demand weakness from inflation-hit retail consumers. The company’s consolidated net profit fell 1.5% to 2.95 billion rupees ($34 million) in the quarter, but came above analysts’ average estimate of 2.91 billion rupees, …
Berger Paints India’s profit cushioned by industrial demand amid retail weakness Read More »
(Reuters) – India’s Vodafone Idea reported a smaller-than-expected third-quarter loss on Tuesday, as the telecom operator’s per-user revenue continued to be boosted from July’s tariff hikes. Vodafone Idea — 22.6% owned by the Indian government — was formed by a merger between the Indian arm of the UK’s Vodafone Group and Aditya Birla Group’s Idea …
India’s Vodafone Idea posts smaller-than-expected loss helped by higher tariffs Read More »
