By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee logged slight gains on Thursday, aided by a fall in U.S. Treasury yields which pulled back slightly after surging higher in light of hotter than expected U.S. inflation data. The rupee was at 83 against the U.S. dollar as of 10:20 a.m. IST, against its close …
Rupee gains slightly aided by slip in US bond yields, forward premiums tick up Read More »
By Anushree Ashish Mukherjee and Ashitha Shivaprasad (Reuters) – Gold prices lingered below the key $2,000-per-ounce level on Wednesday after hotter-than-expected U.S. inflation data prompted investors to lower bets for early Federal Reserve interest rate cuts, while palladium jumped over 8%. Spot gold was steady at $1,991.92 per ounce as of 01:44 p.m. EST (1844 …
Cooling Fed rate-cut bets pin gold below $2,000 level; palladium jumps Read More »
BENGALURU (Reuters) – India’s central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter. The central bank has not specified why they have placed these restrictions, the sources said, adding that …
India cenbank asks Visa, Mastercard to stop B2B payments via fintech platforms -sources Read More »
By Siddhi Nayak and Sarita Chaganti Singh MUMBAI/NEW DELHI (Reuters) -India’s financial crime fighting agency is seeking details on overseas transactions by Paytm Payments Bank after the central bank last month ordered it to wind down operations, a source close to the company and a government source said on Wednesday. The Reserve Bank of India …
Indian agency seeks overseas transaction details from Paytm Payments Bank, sources say Read More »
BENGALURU (Reuters) – Indian automaker Mahindra and Mahindra posted a smaller-than-expected rise in third-quarter profit on Wednesday as weak demand for its profit-boosting tractors offset sport utility vehicle (SUV) sales. The ‘Scorpio’ SUV-maker’s standalone profit after tax rose 60.6% to 24.54 billion rupees ($295 million) in the three months to Dec. 31, missing analysts’ estimate …
Weak tractor sales weigh on Mahindra & Mahindra’s Q3 results Read More »
BENGALURU (Reuters) – Shares of India’s Adani Green Energy rose over 2% on Wednesday, bucking the weakness in broader markets and leading gains among the listed Adani Group stocks after rating agency Moody’s upgraded four group companies to “stable”. Moody’s upgraded two unlisted units of Adani Energy Solutions as well as Adani Green and Adani …
India’s Adani Group stocks rise after Moody’s upgrades to “stable” Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) – State-run Coal India plans to start operations at five new mines and expand capacity of at least 16 existing ones to address growing demand for the fuel, its chairman told Reuters on Wednesday. India has increasingly relied on coal to address record power demand in recent months, with the …
Coal India to add new mines, expand existing ones to meet higher demand, chairman says Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India’s wholesale price index in January rose at a slower pace than in the previous month, mainly due to an easing of food prices and a sharper fall in prices of manufactured products, government data showed on Wednesday. In January, wholesale price rose 0.27% year-on-year, compared with a 0.73% …
India’s January wholesale prices rise at a slower pace Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Green Energy is likely to raise $500 million by issuing dollar bonds in March, two officials aware of the plans said, making it the first Adani group company to return to the overseas bond market in a year. “The company is doing the groundwork and talking to …
India’s Adani Green Energy likely to tap dollar bond market in March, sources say Read More »
By Anushree Ashish Mukherjee and Ashitha Shivaprasad (Reuters) – Gold prices fell below the key $2,000 per ounce level to a two-month low on Tuesday, as a stronger-than-expected U.S. inflation report tempered prospects of an early interest rate cut from the Federal Reserve. Spot gold was down 1.3% at $1,993.29 an ounce by 01:56 p.m. …
Gold slides below $2,000/oz for first time in two months after US inflation data Read More »
