CAIRO (Reuters) -Egypt added India as new wheat import origin, the state news agency reported, citing the country’s agriculture minister on Thursday. Egypt’s Supply Ministry confirmed earlier this week that it was considering this month adding wheat from India to 16 other national import origins accepted by its state grains buyer, as it seeks to …
Egypt adds India as new wheat import origin – state news agency Read More »
By Asha Sistla (Reuters) – Gold eased on Thursday after the dollar strengthened and yields rose as investors geared up for U.S. interest rate hikes, but safe-haven demand triggered by the Ukraine crisis and mounting inflation kept bullion on track to post a weekly gain. Spot gold XAU= fell 0.5% to $1,967.91 per ounce by …
Gold dips, but set for weekly gain on safe-haven demand Read More »
BENGALURU (Reuters) -India’s Tata Power Company said on Thursday that BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake. The investment is expected to fund Tata Power Renewable Energy’s aggressive growth plans in the rooftop and electric vehicle …
BlackRock, Mubadala to invest $526 million in Tata Power’s renewable energy unit Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India is likely to receive normal monsoon rains this year, the state-run weather office said on Thursday, raising prospects of higher farm and general growth in Asia’s third-biggest economy. The rains, which usually lash the southern tip of Kerala state around June 1 and retreat by September, are expected to …
India likely to get average monsoon rains in 2022 Read More »
BENGALURU (Reuters) -Holcim, the world’s largest cement maker, may exit India, putting its twin listed arms Ambuja Cements Ltd and ACC Ltd up for sale, the Economic Times reported, citing multiple people aware of the decision. The Swiss conglomerate is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore …
Holcim considers sale of Indian arms Ambuja Cement, ACC -ET Read More »
By Asha Sistla (Reuters) – Gold traded flat on Thursday but prices were set for a second consecutive weekly gain as the Ukraine crisis and broadening inflationary pressures lifted the safe-haven metal’s appeal. Spot gold was little changed at $1,974.28 per ounce, as of 0426 GMT. U.S. gold futures were down 0.4% at $1,977.60. The …
Gold on course for weekly gain as Ukraine, inflation boost safe-haven bids Read More »
(Reuters) – India’s Reliance Industries is exploring a bid for drug retailer Walgreens Boots Alliance’s UK-based Boots business, Bloomberg News reported on Wednesday, citing people familiar with the matter. Boots is being sold as part of an auction process led by Goldman Sachs and can be valued at up to 8 billion pounds ($10.49 billion), …
Reliance explores bid for Walgreens’ Boots business – Bloomberg News Read More »
BENGALURU (Reuters) – Indian budget carrier SpiceJet Ltd said on Wednesday the country’s aviation regulator has asked 90 of its pilots to refrain from flying Boeing 737 MAX planes until they have been retrained. SpiceJet, which currently operates 11 MAX aircraft and has 144 pilots to fly them, said the pilots have been restricted from …
India’s aviation regulator bars 90 SpiceJet pilots from flying Boeing MAX planes Read More »
By Asha Sistla (Reuters) – Gold prices hit a one-month high on Wednesday as rising consumer prices boosted its appeal as an inflation hedge, with investors seeming to look past an impending interest rate hike by the Federal Reserve. Spot gold XAU= rose 0.6% to $1,978.21 per ounce by 2:37 p.m. ET (1837 GMT), after …
Gold hits 1-month peak as high inflation boosts appeal Read More »
By Aditya Kalra NEW DELHI (Reuters) -Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used state-backed transfer network, spurring users to renew demands for regulatory clarity. India has spent years working on a law to ban or regulate cryptocurrencies, with a ban backed by …
Indian investors alarmed as crypto exchanges block transfer network Read More »
