Feb 11 (Reuters) – Indian banks’ loans rose 8.2% in the two weeks to Jan. 28 from a year earlier, while deposits rose 8.3%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 855.65 billion rupees ($11.37 billion) to 115.82 trillion rupees in the two weeks to Jan. 28. Non-food …
Indian banks’ loans rose 8.2% y/y in two weeks to Jan 28 – central bank Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares ended sharply lower on Friday, dragged by worries of more foreign outflows after red-hot U.S. inflation data increased bets on aggressive interest rate hikes by the Federal Reserve. The NSE Nifty 50 index fell 1.3% to 17,374.75, while the S&P BSE Sensex closed 1.3% lower at 58,152.92. …
Indian shares end lower as U.S. inflation sparks foreign outflow fears Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s basmati rice exports plunged a fifth from a year ago to the lowest level in four years in 2021 as top buyer Iran slashed purchases after its rupee reserves dwindled, government and industry officials said. The country’s basmati rice exports in 2021 fell 20% from a year ago …
India’s basmati rice exports hit 4-yr low as Iran trims buying Read More »
BENGALURU (Reuters) -Shares of Zomato Ltd tumbled up to 8.4% on Friday after the Indian food delivery firm posted tepid sequential gross order value growth (GOV) in the third quarter as more people opted to dine out following the easing of pandemic curbs. After market close on Thursday, Zomato said its third-quarter GOV – the …
Indian food delivery firm Zomato tumbles on tepid order value growth Read More »
By Kavya Guduru (Reuters) – Gold prices touched their highest level in two-weeks on Thursday, supported by a weaker dollar and as data showing a spike in U.S. consumer prices boosted the metal’s appeal as a hedge against inflation. Spot gold prices fell as much as 0.6% after hotter-than-expected U.S. inflation data supported the case …
Gold hits 2-week high on mounting inflation worries, softer dollar Read More »
By Kavya and Guduru (Reuters) – Feb 10 (Reuters) – Gold prices touched their highest level in two-weeks on Thursday, supported by a weaker dollar and as data showing a spike in U.S. consumer prices boosted the metal’s appeal as a hedge against inflation. Spot gold XAU= prices fell as much as 0.6% after hotter-than-expected …
Gold hits 2-week high on mounting inflation worries, softer dollar Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – Germany’s Bayer has applied to cultivate its next generation of genetically modified (GM) cotton seeds in India, government sources said, reviving plans to bring the high-yielding, herbicide-tolerant variety to the country. In late 2016, Monsanto withdrew an application seeking approval from New Delhi for the GM variety Bollgard …
Exclusive-Bayer revives plan to introduce new GM cotton seeds in India Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -The parent company of India’s ShareChat has acquired local rival MX’s short-video platform in a roughly $700 million deal, two sources told Reuters, as competition heats up in the sector where foreign investors have placed major bets. The two companies confirmed the deal in a statement …
India’s ShareChat buys rival MX’s short-video app in $700 million deal, sources say Read More »
SINGAPORE (Reuters) – Kuwait raised the March official selling prices (OSPs) for two crude grades it sells to Asia from the previous month, a price document reviewed by Reuters showed on Thursday. The producer has set March Kuwait Export Crude (KEC) price at $2.55 a barrel above the average of DME Oman and Platts Dubai …
Kuwait raises March crude prices for Asia -document Read More »
By Nidhi Verma NEW DELHI (Reuters) -India’s top gas importer Petronet LNG has not received any U.S. request to divert liquefied natural gas (LNG) cargoes to Europe, managing director A.K. Singh told an earnings conference on Thursday. Washington has approached major energy producers and buyers around the world over a potential diversion of gas to …
India’s Petronet has not been asked by U.S. to divert LNG to Europe Read More »
