By Emma Rumney LONDON (Reuters) – Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as easing cost pressures help brewers close the gap on the spirits giants that have outshone them for years. While spirits companies enjoyed record growth during a …
Analysis-Beer time? Investors tempted by brewers as spirits sales falter Read More »
By Bharath Rajeswaran and Nandan Mandayam BENGALURU (Reuters) -India’s blue-chip index Nifty 50 index advanced to a new record high for the fifth consecutive session on Friday, aided by financials and information technology stocks. The Nifty 50 rose 0.36% to an all-time high of 22,297.50 in early trade, and was last up 0.19%. The BSE …
India’s Nifty 50 extends record rally led by financials, IT Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices fell from a near two-week high on Thursday after jobless claims data indicated a strong economy, while investors awaited further economic data for guidance on the U.S. Federal Reserve’s interest rate stance. Spot gold lost 0.1% to $2,022.74 an ounce by 01:42 p.m. ET (1842 GMT), after …
Gold slips after US data signals resilient economy Read More »
(Reuters) -India’s crude oil imports jumped to a 21-month high in January as the world’s third-biggest oil importer and consumer brought in more fuel to meet surging demand led by strong industrial activity. Crude oil imports in January rose 9.5% month-on-month to 21.39 million metric tons, and were up 5.7% from a year ago, according …
By Indranil Sarkar and Akash Sriram BENGALURU (Reuters) – Uber is exploring offerings such as intercity bus and metro rail ticket bookings in India as part of a partnership with a government backed e-commerce initiative, a source told Reuters on Thursday. CEO Dara Khosrowshahi was in India’s Bengaluru earlier in the day when Uber signed …
Uber explores metro, bus bookings in partnership with India’s ONDC – source Read More »
By Swati Bhat MUMBAI (Reuters) – India’s current monetary policy is appropriate with growth holding firm and inflation trending down to the target, Reserve Bank of India Governor Shaktikanta Das said in the minutes of the February monetary policy meeting, released on Thursday. “At this juncture, monetary policy must remain vigilant and not assume that …
Majority on India’s rate panel believe current policy appropriate, minutes show Read More »
BENGALURU (Reuters) – India’s third-largest telecom operator Vodafone Idea is considering raising funds through routes including a rights issue or a further public offer of shares, the company said on Thursday. The debt-saddled company’s board will consider proposals for the fund raise on Feb. 27, it added. The company did not say how much it …
(Corrects headline and paragraph 1 to say rupee ended at a more than five-month closing high) By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee rose on Thursday to a more than five month closing high, aided by an uptick in its Asian peers and on the back of dollar inflows into the domestic share …
Rupee at over 5-month closing high tracking Asian peers, foreign fund inflows Read More »
By Bharath Rajeswaran and Nandan Mandayam BENGALURU (Reuters) -Indian shares shrugged off losses to end higher in a volatile session on Thursday, led by a rebound in information technology stocks and supported by gains in ITC. The blue-chip Nifty 50 index rose 0.74% to a record closing high of 22,217.45, while the BSE Sensex ended …
IT lifts India’s Nifty 50 to a record close in volatile trade Read More »
NEW DELHI (Reuters) – India on Wednesday said it will allow 100% foreign direct investment (FDI) in the manufacture of satellite systems without any prior approval and eased the rules for launch vehicles, aiming for a greater share of the global space market. Before the policy change, such investments were allowed but needed government approvals …
Factbox-India eases entry for foreign direct investment in space sector Read More »
