By Tanvi Mehta NEW DELHI (Reuters) – A strike across India involving bus, truck and tanker drivers was called off after two days following assurance from the government that new laws for hit-and-run accidents will not be implemented until further talks with union representatives. Petrol and diesel supplies were hit across parts of the country …
India transport workers call off protest after talks with govt Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold entered 2024 under pressure from a jump in the U.S. dollar, but held its ground on expectations the Federal Reserve will cut interest rates this year and rising concerns over attacks on shipping in the Red Sea. Spot gold steadied at $2,061.59 per ounce on Tuesday by 2:30 …
Gold begins new year restrained by stronger dollar Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Indian budget carrier Akasa Air is set to close an order for around 150 Boeing 737 MAX narrowbody planes, two sources said, its latest bid to tap the travel boom in the world’s fastest-growing aviation market. Contract negotiations are ongoing and a deal is expected …
Exclusive-India’s Akasa Air nears order for 150 Boeing jets – sources Read More »
By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) – India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed. Indian Oil Corp, which was …
India turns to Saudi as purchases of Russian oil fall in Dec Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes fell on Tuesday, dragged by financials, auto and information technology stocks, as selling pressure emerged at near record high levels. The blue-chip NSE Nifty 50 fell 0.35% to 21,665.80 points, while the S&P BSE Sensex shed 0.53% to 71,892.48. “We expect selling pressure at near record high …
Indian shares fall on selling pressure at near record high levels Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended weaker on Tuesday, in line with broad weakness in Asian currencies, and pressured by U.S. dollar demand from oil companies and foreign banks. The rupee ended at 83.3175, lower by 0.1% compared with its close at 83.2375 in the previous session. The dollar index rose …
Rupee closes lower amid US dollar demand from oil companies, foreign banks Read More »
By VarunVyas Hebbalalu BENGALURU (Reuters) -India’s Vodafone Idea is not in talks to tie up with billionaire Elon Musk’s satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring. The clarification came after Vodafone Ideas’ stock surged in the past …
India’s Vodafone Idea says not in tie-up talks with Musk’s Starlink Read More »
MUMBAI (Reuters) – The Indian rupee is likely to appreciate to 81 against the U.S. dollar over the next 12 months amid expectations of heavy foreign capital inflows, Goldman Sachs said in a note on Tuesday. Still, the currency will underperform its Asian peers as the Reserve Bank of India (RBI) could continue to accumulate …
Indian rupee may rise to 81/USD by 2024 end amid robust inflow hopes – Goldman Sachs Read More »
(Reuters) – India has hiked the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, according to a government notification. The government hiked the windfall tax on petroleum crude oil to 2,300 Indian rupees ($27.63) a ton from 1,300 rupees, it said. A tax on diesel of 0.5 rupee …
By Bharath Rajeswaran BENGALURU (Reuters) -Indian blue-chip stocks ended with small gains on Monday as investors booked profits late in the session after the benchmarks extended their record rally into the first day of 2024. The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94. …
Indian blue-chips stocks end with small gains on first day of 2024 Read More »
