By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed broadly unchanged on Thursday, swinging from a higher open to succumbing to profit-booking along the way, as caution set in ahead of the quarterly earnings season. The NSE Nifty 50 and the S&P BSE Sensex dipped a marginal 0.03% to end at 24,315.95 and 79,897.34, respectively. They …
Indian shares end muted on caution ahead of earnings Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended slightly weaker on Thursday, pressured by dollar demand from state-run banks and importers, although most of its Asian peers gained ahead of a key U.S. inflation report. The rupee ended at 83.56 against the U.S. dollar, moderately lower than its close at 83.52 in the …
Rupee ends weaker, pressured by state-run banks’ dollar bids; eye on US inflation Read More »
NEW DELHI (Reuters) – India’s Oil and Natural Gas Corp has sought a waiver from the U.S. Office of Foreign Assets Control to lift crude oil from Venezuela, an industry source said on Thursday. ONGC is optimistic of winning an approval, the source said, declining to be named due to the sensitivity of the matter. ONGC …
India’s ONGC seeks US waiver to lift Venezuela oil, industry source says Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – Indians have been allowed wider usage of foreign currency accounts at the Gujarat International Finance Tec-City, or GIFT City, boosting business prospects for a finance hub pushed by Prime Minister Narendra Modi. GIFT City, launched in the western state of Gujarat by Modi in 2011, has been planned …
India widens use of foreign currency accounts in GIFT City Read More »
(This July 9 story has been corrected to clarify that the group has helped projects raise more than 220 million euros, not raise the financing itself, in paragraph 2) By David Stanway SINGAPORE (Reuters) – A team of European carbon removal specialists launched an initiative on Tuesday to help Indian businesses develop projects that suck …
European carbon removal specialists to support new projects in India Read More »
By Rahul Paswan and Daksh Grover (Reuters) – Gold prices rose on Wednesday after comments from Federal Reserve Chair Jerome Powell raised expectations that the U.S. central bank is on track to lower interest rates soon, while investors awaited U.S. inflation data for more cues. Spot gold rose 0.6% to $2,378.25 per ounce by 12:36 …
Gold rises on Fed rate-cut expectations, US inflation data in focus Read More »
By Aditi Shah and Saurabh Sharma NEW DELHI/LUCKNOW (Reuters) – A move by India’s Uttar Pradesh state to waive some levies on hybrid cars will make them 10% cheaper, delivering Japan’s Toyota Motor a big win in lobbying efforts and raising industry and analyst expectations that other states could follow suit. Just as it does …
In a boost for Toyota, Indian state cuts levies on hybrid cars Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares declined on Wednesday, weighed by banks on worries of moderation in their earnings and by Mahindra and Mahindra after it slashed prices of some cars. The benchmarks NSE Nifty 50 fell 0.45% to 24,324.45 points, while the S&P BSE Sensex settled 0.53% lower at 79,924.77. …
Mahindra & Mahindra, banks hold up Indian shares’ record rally Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended marginally lower on Wednesday due to slight pressure from importers’ dollar bids, but was stuck in a narrow range for most of the session amid mostly quiet price action in its Asian peers. The rupee closed at 83.52 against the U.S. dollar, slightly weaker than …
Rupee ends tad lower after hovering in narrow band; forward premiums slip Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India plans to sell wheat from its state reserves to bulk consumers such as flour millers and biscuit makers from next month, according to a government order seen by Reuters, as it seeks to keep a lid on local prices by boosting supplies. The government …
India to sell wheat from state stocks to flour millers, biscuit makers Read More »
