By Anjana Anil and Ashitha Shivaprasad (Reuters) – Gold scaled a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a U.S. interest rate cut in June and on safe-haven demand due to the conflict in the Middle East. Spot gold gained 0.8% to $2,132 per …
Mounting US rate cut bets fuel gold to record highs Read More »
By Polina Devitt and Ashitha Shivaprasad LONDON (Reuters) – Gold hit a record high on Tuesday, with growing expectation of U.S. monetary easing and continued geopolitical risk buoying activity from momentum-driven funds which could propel the precious metal further. A wider robust fundamental backdrop added support, including strong physical demand in Asia and central bank …
Gold carried to record high on wave of momentum with focus on US rates Read More »
(Reuters) -Singapore’s competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions. Singapore’s flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant …
Air India-Vistara merger gets Singapore’s conditional approval Read More »
MUMBAI/CHENNAI (Reuters) -An executive at McDonald’s biggest Indian franchisee Westlife Foodworld said on Tuesday the country’s top food standards authority had verified its claims of using real cheese in its products after a crackdown by Maharashtra state. The Western state of Maharashtra in November suspended the licence of a McDonald’s outlet in the east of …
India agency verifies that McDonald’s uses real cheese, franchisee says Read More »
By Bhakti Tambe and Shankar Ramakrishnan MUMBAI (Reuters) -India’s Adani group saw massive demand on Monday for its first dollar bond since a short-seller attack last year, in what two banking sources said was being seen internally as a test for the conglomerate’s access to global capital markets. Adani Green Energy, one of India’s largest …
India’s Adani dollar bonds see robust demand; signals comeback to global market Read More »
BENGALURU (Reuters) – The Indian government has extended the mandate for the country’s power producers to import 6% of their coal requirements until June, despite adequate domestic availability, amid transport constraints and higher electricity demand, a power ministry note said on Tuesday. India last year had asked utilities to import 6% of their coal requirements …
India extends mandate for utilities to import 6% of coal needs until June Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Indian equity markets will continue to grow, driven by domestic consumption, manufacturing and physical asset creation, especially in the construction, capital goods and real estate sectors, a top executive at Trust Mutual Fund said on Tuesday. “I would say construction, capital goods including defense, some of the power …
Domestic consumption next catalyst for India equity markets, Trust MF CIO says Read More »
By Sudarshan Varadhan, Sarita Chaganti Singh and Sethuraman N R SINGAPORE/NEW DELHI (Reuters) – Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW …
Exclusive-Indian firms look to bet big on coal-fired power after long absence Read More »
BENGALURU (Reuters) -Shares of Tata Motors, India’s most valuable carmaker, hit a record high on Tuesday, a day after the company said it will split into two listed firms, separating its commercial vehicle business from its passenger vehicle arm. The stock, currently up 4.6%, is leading gains on the Nifty Auto index, which is up …
India’s Tata Motors hits record high on plan to split into two listed firms Read More »
By Siddhi Nayak and Rama Venkat BENGALURU (Reuters) -India’s IIFL Finance sank 20% on Tuesday after the country’s central bank barred the non-banking finance company from offering gold loans, raising concerns about the action’s impact on one of the company’s largest earning assets. The Reserve Bank of India (RBI) late on Monday flagged “serious deviations” …
India’s IIFL Finance plunges after cenbank ban on offering gold loans Read More »
