By Sethuraman N R and Hritam Mukherjee BENGALURU (Reuters) -Indian benchmarks settled at record closing highs on Tuesday, posting their best day in more than two weeks, lifted by a surge in heavyweight financial and bank stocks that have lagged sectoral peers so far this year. The NSE Nifty 50 index added 0.8% at 23721.3, …
Financials, banks boost Indian shares to best day in more than two weeks Read More »
MOSCOW (Reuters) – India and China were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in May, traders said and LSEG data showed. Russian fuel oil and VGO seaborne exports last month rose 12% from April to about 4 million metric tons, helped by completion of seasonal maintenance. The European …
India and China top buyers of Russian fuel oil in May, LSEG data shows Read More »
BENGALURU (Reuters) – India has offered telecom spectrum worth around 962.38 billion rupees ($11.53 billion) for auction on Tuesday, it said in a release, even as analysts expect lacklustre participation from players as they shore up their existing spectrum. A total of 10 GHz of radiowaves is up for sale in this auction, ranging between …
India kicks off $11.5 billion spectrum auction; analysts expect lacklustre bidding Read More »
By Sudarshan Varadhan and Shivangi Acharya SINGAPORE (Reuters) – Indian imports of Russian coal have declined while U.S. shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive. Russia’s exports of all types of coal to India over the period …
Indian imports of Russian coal fall, U.S. shipments rise Read More »
By Brijesh Patel (Reuters) – Gold prices rose on Monday, helped by a pullback in the dollar, while investors looked forward to U.S. inflation data due later this week that could influence the Federal Reserve’s monetary policy path. Spot gold was up 0.5%, to $2,332.62 per ounce, as of 02:02 a.m. ET (1802 GMT). U.S. …
Gold gains on dollar retreat, focus now on US inflation data Read More »
BENGALURU (Reuters) – Indian battery maker Amara Raja Energy and Mobility said on Monday it signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a unit of China-based Gotion High Tech Co, to produce lithium-ion batteries in India. GIB EnergyX Slovakia, a joint venture between Gotion and Slovakia-based InoBat, will license Gotion’s lithium iron phosphate technology for …
By Neha Arora BENGALURU (Reuters) – India’s state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said. “Adani and Hindalco attended the pre-bid conference earlier today,” the source said, declining to be identified due …
By Siddhi Nayak MUMBAI (Reuters) -India’s current account balance posted a surplus for the first time in 10 quarters in the January-March period, helped by higher service exports and private transfer receipts, the central bank said on Monday. The current account surplus stood at $5.7 billion, or 0.6% of the GDP, in the fourth quarter …
India’s January-March quarter current account balance logs first surplus in 10 Read More »
(Reuters) – India will auction 21 critical mineral blocks as part of the fourth tranche worth 830 billion rupees ($9.94 billion) across more than six states, the government said on Monday. Ten out of these are blocks from previous tranches. India has been auctioning critical mineral blocks since November as part of efforts towards a …
India to auction 21 critical mineral blocks across more than six states Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Indians bought a record 500,000 metric tons of sunflower oil for June delivery, as competition between leading suppliers Russia and Ukraine made it cheaper than soyoil and palm oil, two leading buyers and a customs official told Reuters. Higher sunflower oil purchases by the world’s biggest importer of vegetable …
India buys record amount of sunoil as Ukraine-Russia fight for market share cuts price Read More »
