By Bharath Rajeswaran and Indranil Sarkar (Reuters) – India’s shares fell on Tuesday due to uncertainty over Donald Trump’s plans for India after the U.S. President announced trade tariffs on neighbouring countries within hours of taking office. The Nifty 50 fell 1.37% to end at 23,024.65, while the BSE Sensex shed 1.6% to finish at …
Indian shares succumb to uncertainty over Trump’s tariff plans Read More »
By Nidhi Verma (Reuters) -India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump’s announcement to maximise U.S. oil and gas production. “There is a possibility of more energy purchase between India and U.S.,” India’s Oil Minister Hardeep Singh Puri told reporters on the sideline of an event. …
India likely to boost purchases of US oil, gas following Trump’s announcement Read More »
MUMBAI (Reuters) – Markets regulator, the Securities and Exchange Board of India, is actively looking at allowing ‘when-listed’ securities to trade on the country’s stock exchanges, Chairperson Madhabi Puri Buch said on Tuesday. ‘When-listed’ securities are those that will be available for trading after the company closes its initial public offering (IPO) but are not …
India markets regulator considering ‘when-listed’ securities trading, chairperson says Read More »
By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) – Indian refiners Mangalore Refinery and Petrochemical Ltd (MRPL) and Bharat Petroleum Corp Ltd (BPCL) issued tenders this week seeking crude oil, trade sources said on Tuesday, after harsher U.S. sanctions disrupted Russian supply. The tenders come more than a week after Washington announced sweeping sanctions …
Indian refiners seek crude after US sanctions disrupt Russia oil supply Read More »
(Reuters) -U.S. President Trump said he could impose 25% tariffs on Canada and Mexico from Feb. 1, sending shares of several Asian automakers and battery firms lower in trading on Tuesday. Here are companies that may be affected (by sector, in alphabetical order): AUTOMAKERS AUDI Volkswagen’s Audi plant in San Jose Chiapa, Mexico, makes the …
Global companies likely to be affected by Trump’s promised tariffs Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -India’s decision to allocate satellite spectrum, rather than auction it, will give consumers more choice, the telecoms minister said on Monday, playing down concern by Mukesh Ambani’s Reliance Jio that it could lose out to Elon Musk’s Starlink. Starlink has long wanted to launch in India …
By Nidhi Verma NEW DELHI (Reuters) – Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to manage costs, three refining sources said, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike. Refiners in India, which imports over 80% of …
India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say Read More »
By Daksh Grover (Reuters) – Gold prices edged higher on Monday, bolstered by a weaker U.S. dollar, as markets assessed the potential economic impact of U.S. President Donald Trump’s second-term policies following his inauguration. Spot gold added 0.3% to $2,709.09 per ounce as of 1:49 p.m. ET (1849 GMT) with trading volumes thin due to …
Gold firms on softer dollar, markets eye Trump’s second-term plans Read More »
LONDON (Reuters) -Sugar prices hit their lowest in more than three years on Monday on news that India, the world’s second largest producer of the sweetener, will allow 1 million metric tons of sugar exports in the current season that runs to end-September. Reuters reported on Sunday that New Delhi was set to allow the …
Sugar prices hit three-year lows as India allows exports Read More »
By Divya Chowdhury and Praveen Paramasivam DAVOS, Switzerland (Reuters) – India’s economic slowdown is not expected to show up in the country’s housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday. Godrej, an Indian conglomerate which mainly targets the “middle category” of India’s housing sector, is keeping a close watch …
Indian housing market shows slowdown immunity, Godrej chairperson says Read More »
