MUMBAI (Reuters) – The Reserve Bank of India likely intervened to support the rupee on Wednesday as the currency hovered near its all-time low amid broad-based interbank dollar demand, three traders told Reuters. The rupee was at 87.2175 to the dollar as of 12:15 p.m. IST, down 0.2% on the day and within touching distance …
Indian central bank likely sold dollars to support rupee, traders say Read More »
By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – The State Bank of India is looking to raise around 50 billion rupees ($573.38 million) via Basel III-compliant additional Tier-I perpetual bonds before the end of February, three sources aware of the matter said on Wednesday. The country’s largest lender could have a call option at …
State Bank of India aims to raise 50 billion rupees via perpetual bonds, sources say Read More »
By Polina Devitt LONDON (Reuters) – Global gold demand including over-the-counter (OTC) trading rose by 1% to a record high of 4,974.5 metric tons in 2024 as investment increased, the World Gold Council (WGC) said on Wednesday, adding that central banks sped up buying in the fourth quarter. Spot gold prices rose by 27% last …
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold consumption in 2025 is set to moderate from last year’s nine-year peak, as a rally in prices to a record high is seen dampening jewellery demand, even as investment demand rises, the World Gold Council (WGC) said on Wednesday. Demand for gold could stand between 700 metric …
Gold demand in India to cool in 2025 as prices soar, WGC says Read More »
By Sarita Chaganti Singh and Nikunj Ohri NEW DELHI (Reuters) – India’s finance ministry has asked its employees to avoid using AI tools including ChatGPT and DeepSeek for official purposes, citing risks posed to confidentiality of government documents and data, an internal department advisory showed. Countries like Australia and Italy have placed similar restrictions on …
India’s finance ministry asks employees to avoid AI tools like ChatGPT, DeepSeek Read More »
By Hritam Mukherjee (Reuters) -India’s Asian Paints missed third-quarter profit estimates on Tuesday, but stronger-than-expected volume growth in its core domestic decorative business sent its shares up as much as nearly 6%. Shares closed 2.7% higher at 2,354 rupees. The company reported 1.6% volume growth in its domestic decorative segment, which includes paints, waterproofing coatings …
Asian Paints Q3 volume growth overshadows earnings miss, shares jump Read More »
BENGALURU (Reuters) – India’s markets regulator on Tuesday introduced rules for the approval and tracking of the use of algorithmic trading by retail investors to protect them amid rising demand. Algo trades use computer programs to execute trades and have advantages such as faster order execution and reduced transaction costs. Brokers can provide algo trading …
India markets regulator sets track and trace rules for retail investors’ algo trading Read More »
By Anmol Choubey (Reuters) – Gold prices regained an all-time high on Tuesday, driven by investors seeking the safe-haven asset after China retaliated with tariffs on the U.S. in response to President Donald Trump’s tariffs. Spot gold gained 1.1% to $2,844.56 per ounce as of 01:40 p.m. ET (1840 GMT), after hitting a record high …
Gold hits record high as investors flock to safe-haven amid tariff war Read More »
By Sethuraman N R (Reuters) -India’s Tata Power is interested in setting up small modular nuclear reactors, CEO Praveer Sinha said on Tuesday, days after the country said it will open up the much-guarded sector to private investments. In the federal budget on Saturday, Finance Minister Nirmala Sitharaman said the government will amend key laws …
Tata Power keen on building small nuclear reactors as India opens up sector, CEO says Read More »
BENGALURU (Reuters) – India’s Max Financial Services said on Tuesday it has approved the listing of its unit, Axis Max Life, by merging with the insurer. The move comes after the country’s insurance regulator sought a public listing roadmap from Axis Max Life, the financial services company said. Max Financial, which holds nearly an 81% …
Max Financial Services approves listing of Axis Max Life via merger Read More »
