By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were little changed on Tuesday, tracking the pause in a global rally, while analysts expected some profit booking after an eight-session winning streak. The NSE Nifty 50 index added a marginal 0.08% to 25,030.9 as of 10:05 a.m. IST. The S&P BSE Sensex rose 0.1% to 81,809. The …
Indian shares’ eight-day rally on pause due to likely profit booking Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices firmed on Monday, nearing its recent record high, amid solid bets of a September interest-rate cut following dovish signals from Federal Reserve Chair Jerome Powell and safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.3% to $2,518.47 per ounce at 01:45 p.m. …
Gold nears record high on US rate-cut optimism, geopolitical risks Read More »
BENGALURU (Reuters) – Anil Ambani, one of India’s best-known businessmen and chairman of Reliance Group, was banned from the securities market for five years and fined about $3 million by the country’s markets regulator last week on charges of diversion of funds. Anil Ambani said he was reviewing the order and will take appropriate next …
SEBI’s ban on India’s Anil Ambani and his Reliance Group troubles Read More »
BENGALURU (Reuters) – India’s UltraTech Cement said on Monday it has raised $500 million through a sustainability-linked loan with contributions from six banks. The fundraise marks the Aditya Birla Group-backed cement maker’s second sustainability-linked financing, after it raised $400 million in 2021. Sustainability-linked finance is a method through which borrowers meet environmental, social and governance …
India’s UltraTech Cement raises $500 million via sustainability-linked financing Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian information technology stocks pushed domestic shares to within touching distance of a record high on Monday after the Federal Reserve chief signalled imminent interest rate cuts. The NSE Nifty 50 index was up 0.76% at 25,010.6, while the S&P BSE Sensex settled 0.75% higher at 81,698.11. The Nifty 50 …
IT prods Indian shares towards record highs after Powell’s dovish tilt Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Monday, as dollar demand from importers and foreign banks offset early gains driven by a rise in most Asian currencies. The rupee closed at 83.90 against the U.S. dollar, nearly unchanged from its close at 83.89 in the previous session. The currency …
Rupee ends flat, unable to benefit from rise in Asian peers Read More »
MUMBAI (Reuters) – India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, the governor of the Reserve Bank of India (RBI) said on Monday. The Unified Lending Interface (ULI), to be launched “in due course”, will cut …
India to launch platform for rural, small business lending, cenbank governor says Read More »
By Rajendra Jadhav and Sherin Elizabeth Varghese BENGALURU (Reuters) – Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said. Higher demand in the world’s second-largest gold consumer could …
India’s gold duty cut likely to spark buying spree during festivals Read More »
By Devayani Sathyan BENGALURU (Reuters) – India’s economic growth likely moderated and grew at its slowest pace in a year in the April-June quarter due to lower government spending amid a national election that concluded in June, a Reuters poll found. Growth in Asia’s third-largest economy had been well above 7% during previous quarters thanks …
NEW DELHI (Reuters) – Industrialist Anil Ambani is reviewing the Indian markets regulator’s order banning him and 24 others from the securities market for five years on charges of diversion of funds, his spokesperson said on Sunday. Ambani, one of India’s best known industrialists, will take appropriate next steps as legally advised, the spokesperson added. …
Industrialist Anil Ambani considers response to ban from Indian markets watchdog Read More »
