By Brijesh Patel (Reuters) – Gold prices edged lower on Tuesday as Treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to U.S. jobs data due later this week for more signals on U.S. interest rate cuts. Spot gold was down 0.3% at $2,324.88 per ounce by …
Gold down as elevated bond yields weigh, US jobs data in focus Read More »
By Urvi Dugar, Shankar Ramakrishnan and Jayshree P Upadhyay (Reuters) -Hindenburg Research has denied allegations by India’s securities regulator that it colluded with a U.S. asset manager to use non-public information to set up a short bet against Adani Group last year, which if proven would breach the country’s rules. Hindenburg posted a copy of …
Hindenburg denies Indian regulator’s allegations on Adani short bet Read More »
MUMBAI (Reuters) – Kotak Mahindra International Limited said on Tuesday that U.S. short-seller Hindenburg Research has never been an investor in the K-India Opportunities Fund. Kotak was responding to allegations that Hindenburg colluded with its client Kingdon Capital Management and used a Kotak group offshore fund to short Adani group shares last year. “The Fund …
Kotak Mahindra says Hindenburg was not an investor in its fund Read More »
By Neha Arora NEW DELHI (Reuters) -India is in talks with countries in Africa and Latin America to get critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary of the Ministry of Mines, said at an industry event on Tuesday. The official said that India is also in discussions with Australia for …
By Jatindra Dash and Arpan Chaturvedi NEW DELHI (Reuters) – An Indian state government’s inspection of a Som Group distillery said child labourers, some aged between 13 and 17, were made to fill and pack liquor bottles and worked long hours. Police are investigating the use of child labour at the distillery in Madhya Pradesh …
Child labourers at India’s Som liquor unit worked 11 hours a day, government says Read More »
By Brijesh Patel (Reuters) – Gold prices edged higher on Monday, buoyed by some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve. Spot gold was up 0.2% at $2,329.79 per ounce as of 1:52 p.m. …
Gold holds ground as investors await US jobs data Read More »
(Reuters) -The Indian government has raised the windfall tax on petroleum crude to 6,000 rupees ($72) per metric ton from 3,250 rupees, effective from July 2, a notification issued on Monday showed. The windfall tax, which is revised every two weeks, remained unchanged at zero for diesel and aviation turbine fuel. India had on June …
BENGALURU (Reuters) – India’s market regulator proposed a series of easier rules for passively managed mutual fund schemes on Monday, looking to reduce the compliance burden, encourage competition and ease the entry of funds seeking to launch only less risky schemes. The proposed rules could be an incentive for asset managers like Vanguard to enter …
India market regulator proposes easier rules for passive mutual fund schemes Read More »
BENGALURU (Reuters) – India’s market regulator, on Monday, approved baby products retailer FirstCry’s filing for an initial public offering at the second time of asking, after having raised doubts over certain aspects in the first submission. FirstCry, backed by Softbank, TPG and Mahindra and Mahindra, sells baby products such as clothes, diapers and toys, and …
Indian retailer FirstCry gets regulatory nod for IPO Read More »
NEW DELHI (Reuters) – India collected 1.74 trillion rupees ($20.86 billion) as gross goods and services tax (GST) in June, 8% more than the same period last year, a source aware of the matter said on Monday. The government had collected 1.61 trillion rupees as GST in the same month last year. ($1 = 83.4305 …
India collects nearly $21 billion as goods and services tax in June Read More »
