By Dharamraj Dhutia and Siddhi Nayak (Reuters) -India’s central bank announced on Monday a host of measures to inject liquidity into the banking system, including bond purchases and dollar/rupee swaps, which analysts and traders said could be a precursor to a rate cut next month. The Reserve Bank of India’s (RBI) measures, expected to collectively …
India central bank’s liquidity bazooka raises rate cut hopes Read More »
By Anmol Choubey (Reuters) – Gold prices declined more than 1% on Monday, retreating from near-record highs seen in the last session, as investors liquidated bullion positions, along with a broader market sell-off sparked by rising interest in Chinese AI start-up DeepSeek. Spot gold was down 1.3% at $2,736.75 per ounce as of 01:49 p.m. …
Gold retreats as investors liquidate positions in equities sell-off Read More »
(Reuters) – The Reserve Bank of India said on Monday it has superseded the board of Aviom India Housing Finance due to governance concerns and payment defaults and plans to start bankruptcy proceedings against the company. The Reserve Bank of India (RBI) has appointed Ram Kumar, the former chief general manager of state-run Punjab National …
(Reuters) – India’s Mahindra Logistics reported a smaller quarterly loss on Monday, helped by steady demand in its third-party logistics business and narrower losses in its express commerce segment. The logistics services provider reported a consolidated net loss – its eighth consecutive quarter – of 90.3 million rupees ($1.05 million) for the three months ended …
India’s Mahindra Logistics reports eighth straight quarterly loss, albeit narrower in Q3 Read More »
(Reuters) – Tata Steel, India’s second-biggest steelmaker by market value, posted a surprise third-quarter profit on Monday, helped by buoyant sales at home even as prices fell. The company’s consolidated net profit dropped about 36% compared with a year earlier to 3.27 billion rupees ($37.9 million) in the quarter ended Dec. 31, due to soft …
Tata Steel reports surprise profit on buoyant India sales volume Read More »
(Reuters) – India’s central bank said on Monday its chief has urged banks to tighten their oversight on cybersecurity issues and to have systems in place that can prevent digital fraud. This is among the first conversations Governor Sanjay Malhotra, who succeeded Shaktikanta Das in December to lead the Reserve Bank of India (RBI), had …
India’s central bank asks lenders to tighten cybersecurity oversight Read More »
By Sethuraman N R (Reuters) – An increase in LNG production in the United States after President Donald Trump ended a moratorium on new export permits should benefit consuming nations like India, the chief executive of the country’s top gas importer said on Monday. Trump last week ordered the U.S. Energy Department to resume the …
Rise in US LNG production to benefit India, CEO of Petronet LNG says Read More »
(Reuters) – Coal India, which produces about 80% of the country’s coal, reported a lower third-profit on Monday, hurt by a fall in sales volumes and a drop in e-auction premiums due to weak power demand. The company, which mainly produces non-coking thermal coal for power generation and industries, said its consolidated net profit dropped …
Coal India’s Q3 profit falls on lower demand, e-auction premiums Read More »
BENGALURU (Reuters) – India’s Bajaj Housing Finance reported a 25% jump in third-quarter profit on Monday, bolstered by strong credit growth. The country’s biggest home loan financier by market value reported a profit of 5.48 billion rupees ($63.5 million) for the three months ending Dec. 31, compared to 4.37 billion rupees a year ago. Demand …
India’s Bajaj Housing Finance posts 25% jump in Q3 profit on strong credit growth Read More »
By Dhwani Pandya MUMBAI (Reuters) – India’s DLF said on Monday it would take more than four years to build its $4 billion ultra-luxury project near New Delhi and that Indians living abroad were joining locals in snapping up apartments in one of the country’s priciest developments ever. DLF is targeting buyers as a rise …
DLF’s $4 billion luxury Indian project to take four years to build Read More »
