By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday. Lower purchases by the world’s top edible oil …
India’s Jan palm oil imports drop as refiners switch to soft oils Read More »
By Bharat Gautam (Reuters) – Gold prices eased on Monday from a three-month high touched in the previous session, pressured by strength in the U.S. dollar and bond yields, although losses were limited as rising tensions surrounding Ukraine supported safe-haven demand for bullion. Spot gold was down 0.3% at $1,854.00 per ounce, as of 0729 …
Gold off 3-month peak as U.S. dollar, yields edge higher Read More »
By Abhirup Roy MUMBAI (Reuters) – The former head of India’s largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse’s much-awaited public listing. In a case of “bizarre misconduct” that was a “glaring breach” of regulations, …
Himalaya yogi ran India’s top bourse as puppet master, regulator says Read More »
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest economy by a considerable margin. The offering is crucial …
India’s Life Insurance Corp files $8 billion IPO papers Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known …
India cuts tax on crude palm oil imports to help consumers, refiners Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation. Owned by billionaire Mukesh Ambani, Reliance has in the past year unveiled plans to reduce its dependence …
India’s Reliance plans to turn syngas into blue hydrogen Read More »
By Arathy Somasekhar (Reuters) – Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged …
Oil soars 3% to 7-yr highs on Ukraine jitters, tight supplies Read More »
(Reuters) – Feb 11 (Reuters) – Gold prices rose on Friday and were on track for their biggest weekly percentage gain in three months, helped by a pullback in U.S. Treasury yields and as growing inflation concerns boosted the metal’s safe-haven appeal. Spot gold XAU= was up 0.4% at $1,833.49 per ounce by 11:42 a.m. …
Gold heads for best week in 3 months as inflation worries mount Read More »
By Aditi Shah NEW DELHI (Reuters) – Ford Motor Co said on Friday it is considering producing electric vehicles (EVs) in India for export, and possibly for sale in the domestic market, just months after the U.S. automaker decided to stop selling and manufacturing cars in the country. Ford’s comments mark a shift in strategy …
Ford reconsiders India after halting production, this time for EVs Read More »
By Manoj Kumar NEW DELHI (Reuters) -Indian and Australian negotiators are close to clinching a limited trade pact or so-called “early harvest agreement”, India’s commerce and industry minister Piyush Goyal said on Friday after talks with his Australian counterpart. The negotiations should be complete within 30 days, Goyal told a joint news briefing with Australian …
India and Australia close to sealing early trade pact, Indian minister says Read More »
