By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. The rupee ended at 84.73 against the U.S. dollar, down from its close of 84.6875 …
Rupee ends marginally lower, near-term bearish bias tipped to persist Read More »
(Corrects media packaging code; no changes to text) By Sethuraman N R (Reuters) -Shares of India’s Godrej Consumer Products slumped 9% on Monday, set for their worst day since March 2020 and dragging down its peers in the fast moving consumer goods sector after the firm warned of stress on demand and profit margins in …
India’s Godrej Consumer slumps 9% after flagging weak Q3 demand Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is expected to be range-bound, along with government bond yields, as they take cues from local and U.S. inflation data this week that is likely to influence expectations of potential rate cuts by central banks. The rupee closed at 84.6875 against the U.S. …
Indian rupee, bonds to take cues from inflation prints Read More »
DOHA (Reuters) – BRICS countries have no interest in weakening the U.S. dollar at all, India’s foreign minister Subrahmanyam Jaishankar said at an event in Qatar’s capital Doha on Saturday. His remarks came a week after U.S. President-elect Donald Trump had demanded that BRICS member countries, which include major emerging economies like India, Russia and …
BRICS have no interest in weakening USD, Indian foreign minister says Read More »
By Anjana Anil (Reuters) – Gold prices inched up on Friday after the November U.S. job growth report suggested the labor market continues to ease gradually, leaving room for the Federal Reserve to cut interest rates again. Spot gold gained 0.2% to $2,636.31 per ounce by 01:41 p.m. ET (1841 GMT). U.S. gold futures settled …
Gold edges higher after US jobs report supports rate cut bets Read More »
(Reuters) – India’s CEAT said on Friday it would buy French tyremaker Michelin’s Camso brand for $225 million, as it looks to expand into higher-margin tyres at a time when elevated rubber prices have eaten into its profits. Camso, a Canadian brand that Michelin acquired in 2018 for $1.45 billion, makes tyres that are fitted …
Indian tyremaker CEAT to buy Camso brand from France’s Michelin for $225 million Read More »
By Neha Arora NEW DELHI (Reuters) – India will no longer need to rely on refined copper imports once billionaire Gautam Adani’s new copper smelter ramps up its capacity, the federal Ministry of Mines said on Friday. India, which identified copper as a critical mineral last year, relies on imports to address shortfalls and meet …
Adani smelter expansion will cut India’s refined copper imports, government says Read More »
(Reuters) -India’s top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor – a joint venture between SAIC …
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India Read More »
By Praveen Paramasivam TIRUNELVELI, India (Reuters) – Tata Power’s newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially. Tata Power, one of India’s leading integrated power companies, has built a new …
India’s Tata Power prefers domestic market over lucrative solar exports, CEO says Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves rose for the first time in nine weeks and stood at $658.09 billion as of Nov. 29, coming off five-month lows, data from the Reserve Bank of India showed on Friday. The reserves rose by $1.5 billion in the reported week. They had dropped by $48.3 billion cumulatively …
India’s fx reserves halt eight-week losing streak, come off 5-month lows Read More »
