By Anushree Ashish Mukherjee (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected interest rate cut by the Federal Reserve next month. Spot gold rose 0.3% to $2,524.94 per ounce, as of 2:57 p.m. ET (1857 GMT), …
Gold rises on softer dollar; market awaits further Fed guidance Read More »
By Lewis Jackson and Nichola Groom (Reuters) – U.S. Customs and Border Protection has detained nearly $43 million in shipments of electronics equipment from India since October under a 2022 law banning goods made with forced labor, according to agency data, representing a new focus for the trade enforcement agency. While CBP does not specify …
Indian solar panels face US scrutiny for possible links to China forced labor Read More »
By Praveen Paramasivam CHENNAI (Reuters) -Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on Tuesday, after agreeing to a new five-year deal. The agreement averted further issues in an already-strained global supply chain, which is struggling with higher freight costs …
Indian port workers call off strike, agree new wage deal Read More »
By Jayshree P Upadhyay Mumbai (Reuters) -The National Stock Exchange of India (NSE) on Tuesday restarted the process of its long-pending public offer, according to two sources with direct knowledge of the matter, which, if approved, could be one of the largest IPOs in the country. The exchange has reapplied for a “no-objection” with Securities …
By Rishika Sadam HYDERABAD (Reuters) – India’s Bharat Biotech said on Tuesday its oral cholera vaccine cleared a late-stage trial and that it plans a global launch, aiming to make up to 200 million doses a year amid an expanding outbreak of the disease and treatment shortages. India’s drug regulator has approved the vaccine, called …
India’s Bharat Biotech to launch oral cholera vaccine amid global shortage Read More »
BENGALURU (Reuters) – Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify its borrowings, its chief executive told Reuters on Tuesday. (Reporting by Nishit Navin; Editing by Sonia Cheema)
BENGALURU (Reuters) – Zee Entertainment Enterprises along with Sony’s local unit and Bangla Entertainment (BEPL) have mutually agreed to withdraw all claims against each other, the Indian media giant said on Tuesday. As part of the settlement, the firms will withdraw all claims made at the Singapore International Arbitration Centre and at India’s national tribunal. …
India’s Zee, Sony and BEPL settle merger disputes Read More »
(This Aug. 26 story has been refiled to fix syntax in the headline) BENGALURU (Reuters) – India’s markets regulator has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm’s November 2021 IPO over alleged misrepresentation of facts, Moneycontrol reported on Monday. The issue revolves around …
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) -Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek cheaper exposure to the market and better returns. Their selling has been driven by profit booking as Indian stocks trade at record highs, and at valuations …
Foreign investors ditch India’s pricey stocks, opt for new issues Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Tuesday, tracking a decline in its Asian peers, but its losses were limited by mild dollar sales by state-run banks, traders said. The rupee was at 83.9325 as of 10:10 a.m. IST, against a close of 83.90 in the previous session. Month-end dollar …
Rupee slips but state-run banks’ dollar sales cap losses Read More »
