SINGAPORE (Reuters) – GAIL (India) Ltd has issued a swap tender offering 12 liquefied natural gas (LNG) cargoes for loading in the United States in exchange for 12 cargoes to be delivered to India in 2026, two industry sources said on Tuesday. GAIL, India’s largest gas distributor, is offering the cargoes for loading, one in …
India’s GAIL issues swap tender for 12 LNG cargoes, sources say Read More »
By Anmol Choubey (Reuters) – Gold prices hit an all-time high on Monday, bolstered by safe-haven inflows after U.S. President Donald Trump’s tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth. Spot gold rose 0.8% to $2,818.99 per ounce by 01:45 p.m. ET (1845 GMT), after hitting a …
Gold hits record high as Trump tariffs spur safe-haven buying Read More »
By Sethuraman N R (Reuters) – Indian solar modules maker Premier Energies on Monday said it will put its plan on hold to build a 1 gigawatt (GW) solar cell manufacturing facility in the U.S., after newly-elected President Trump ordered a pause on Biden-era green policies. Premier and North American solar module maker Heliene had …
India’s Premier Energies pauses U.S. solar cell facility plans amid policy uncertainty Read More »
(Reuters) – Power Grid Corporation of India missed third-quarter profit estimates on Monday, largely because of sluggish power demand. The state-run energy transmission company’s consolidated net profit fell 4% to 38.62 billion rupees ($443.5 million) in the three months to Dec. 31. Revenue from operations fell 3% to 112.33 billion rupees, falling short of analysts’ …
Power Grid Corp of India misses Q3 profit view on sluggish demand Read More »
(Reuters) – Engine oil maker Castrol India posted a 12% rise in quarterly profit on Monday, helped by steady demand for its products. The company, 51% owned by British oil major BP, said profit after tax rose to 2.71 billion rupees ($31 million) in the fourth quarter, from 2.42 billion rupees a year ago. Quarterly …
Castrol India’s Q4 profit rises on steady demand for auto lubricants Read More »
By Aditya Kalra, Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) -Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show. Volkswagen’s unit, Skoda Auto Volkswagen …
Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows Read More »
(Reuters) – S&P Global Ratings upgraded the rating on Vedanta Resources on Monday, citing easing refinancing risks for the UK-based natural resources group. The rating agency bumped up the parent of Indian miner Vedanta to “B+” from “B” with a stable outlook and removed it from credit watch. A further upgrade will depend on sustainable …
S&P raises Vedanta Resources’ rating on easing refinancing risks Read More »
(Reuters) – India’s Tata Chemicals reported its second loss in four quarters on Monday, hurt by a one-time charge incurred in its UK operations and a dip in soda ash prices amid soft demand. The chemicals firm reported a consolidated net loss of 530 million rupees ($6.1 million) for the quarter ended Dec. 31, compared …
India’s Tata Chemicals posts quarterly loss on one-time charge, lower soda ash prices Read More »
(Reuters) – Indian generic injectables maker Gland Pharma reported a 7% rise in third-quarter profit on Monday, as lower expenses helped mitigate the impact from production issues at its French unit Cenexi. The company reported consolidated net profit of 2.05 billion rupees ($23.5 million) for the quarter ended Dec. 31, in-line with analysts’ estimates of …
India’s Gland Pharma reports higher Q3 profit as expenses drop Read More »
By Nikunj Ohri NEW DELHI (Reuters) – The Reserve Bank of India’s holding of sovereign bonds due to mature next financial year will likely be treated at par with the market by the government rather than swapped for longer-dated debt, a top government official said. The RBI holds around 1 trillion rupees ($11.5 billion) of …
India will not undertake direct debt switch with RBI, top ministry official says Read More »
