By Sherin Elizabeth Varghese (Reuters) – Gold prices dipped on Thursday as U.S. Treasury yields firmed after the release of weekly jobless claims data, while markets awaited U.S. non-farm payrolls figures for fresh insights into the Federal Reserve’s stance on interest rate cuts. Spot gold was down 0.7% at $2,630.30 per ounce, as of 02:03 …
Gold slips as higher yields weigh; focus turns to US payrolls Read More »
By Dhwani Pandya MUMBAI (Reuters) – Sweden’s EQT has invested more than its targeted $5 billion in India over the last few years, the head of its Asian business said on Thursday, as the private equity firm focuses on buyouts and investments in the country where it is sees strong deal activity. EQT, with about …
Sweden’s EQT exceeds investment targets in India, doubles down on healthcare Read More »
By Jessica DiNapoli and Richa Naidu NEW YORK (Reuters) – Procter & Gamble has overhauled its supply chain for the tiny, extra-thin strips of stainless steel in its Gillette razors to source from India, a move expected to help protect its margins from any tariffs U.S. President-Elect Donald Trump may impose. The stainless steel the …
Exclusive-As tariffs loom, Gillette-razor maker P&G sourcing more steel from India Read More »
By Bharath Rajeswaran (Reuters) -Indian shares advanced on Thursday as U.S.-focused IT stocks jumped on a rosy picture of the U.S. economy, while financials extended their rally to a fifth session on hopes of domestic policy easing. The benchmark NSE Nifty 50 jumped 0.98% to 24,708.4, while the BSE Sensex added 1% to 81,765.86, logging …
Financials, IT drive Indian shares higher ahead of cenbank policy decision Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended little changed following a rangebound trading session on Thursday, with market players speculating whether the country’s central bank will initiate an interest rate easing cycle on Friday to stimulate economic growth. The rupee, ended at 84.7325 to the U.S. dollar, from Wednesday’s close of 84.74. …
Rupee little changed as cenbank rate decision, growth commentary looms Read More »
By Sakshi Dayal NEW DELHI (Reuters) -Russian oil producer Rosneft invested $20 billion in India recently, the Indian government quoted Russian President Vladimir Putin as saying in a statement on Thursday, without giving details. Putin said in January that Rosneft planned to expand its presence in India and Indian government officials said in July that …
Russia’s Rosneft invested $20 billion in India, Indian government quotes Putin as saying Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Sugar prices in India fell to their lowest level in 1-1/2 year due to ample supplies, making it difficult for mills to pay farmers the cane price as the crushing season gains momentum, industry officials told Reuters. The fall in prices is prompting industry to demand immediate revision in …
India sugar prices hit 18-month low, mills struggle to make cane payments Read More »
By Bharath Rajeswaran (Reuters) – Foreign outflows from Indian equity markets moderated in November after these investors turned buyers in the second-half of the month, snapping a record 38-session selling streak. Last month, foreign portfolio investors (FPI) poured money mainly into financials and IT stocks, which brought down outflows to $2.55 billion from a record …
By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route …
Foreigners buy $1 billion of Indian bonds on bets of policy easing after GDP data Read More »
(Reuters) – Hyundai Motor India said on Thursday it would hike prices across all its models by up to 25,000 rupees ($295.07), as the newly-listed automaker seeks to mitigate the impact of rising costs. The price increase will come into effect from Jan. 1, 2025, the country’s No.2 carmaker by market share said. “With the …
Hyundai Motor India to hike prices across models amid higher costs Read More »
