By Hritam Mukherjee and Kashish Tandon (Reuters) -Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of 3:30 p.m. IST, while the BSE Sensex declined 1.3% to …
Indian shares slump on caution before Fed meeting Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …
Rupee hits record low on widening trade deficit, weakness in local equities Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said. Lower imports by India, the world’s second-biggest consumer of the precious metal, …
India’s gold imports to plunge in December after record November Read More »
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India (RBI) likely intervened to support the rupee after the currency slipped to an all-time low on Tuesday amid worries over a sizeable widening of the Asian nation’s trade deficit. The rupee, having dropped to a record low of 84.92, was last at 84.9125 to …
India cenbank likely steps in as trade deficit woes push rupee to record low Read More »
(Reuters) – Indian hotel operator Ventive Hospitality has set a price band of 610 rupees to 643 rupees per share ($7.19-$7.57) for its initial public offering, a newspaper advertisement showed on Tuesday. Ventive, backed by U.S. private equity firm Blackstone Group and real estate developer Panchshil Realty, operates 11 hotels and resorts including JW Marriott …
India’s Ventive Hospitality sets price band of 610-643 rupees per share in IPO Read More »
(Reuters) – India’s GreenLine Mobility Solutions, a part of the retail-to-mining Essar Group, said on Tuesday it will supply battery manufacturing firm Exide Industries with liquefied natural gas (LNG) trucks. The partnership will help Exide reduce logistics-related emissions and align its supply chain with sustainability goals. (Reporting by Yagnoseni Das in Bengaluru; Editing by Mrigank …
India’s GreenLine Mobility to supply LNG trucks to Exide Industries Read More »
(Reuters) – Carraro India [CARD.NS] has set a price band of 668 rupees to 704 rupees per share ($7.87-$8.29) for its downsized $147 million initial public offering, a newspaper advertisement showed on Tuesday. Carraro India, a unit of Italian vehicle transmission systems manufacturer Carraro International, makes axles and transmission systems for agricultural tractors and construction …
Carraro India sets price band of 668-704 rupees per share in downsized IPO Read More »
By Sherin Elizabeth Varghese (Reuters) – Spot gold prices gained on Monday, supported by ongoing geopolitical concerns and a softer dollar, as markets awaited the Federal Reserve’s policy meeting, where a third rate cut and clues on the 2025 outlook are expected. Spot gold was up 0.2% at $2,654.27 per ounce as of 01:41 p.m. …
Gold gains as US dollar ease ahead of Fed policy meeting Read More »
By Sarita Chaganti Singh and Krishna N. Das NEW DELHI (Reuters) – An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. The Solar Energy …
NEW DELHI (Reuters) – India’s GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, CNBC-TV18 reported, citing sources. The potential tax cut, which could take effect from Jan. 1, 2022, would not allow food delivery platforms such as Zomato and Swiggy …
India tax panel may consider lowering GST on online food delivery fees, report says Read More »
