MUMBAI (Reuters) – India is likely to get average monsoon rains this year, a private weather forecasting agency said on Tuesday, raising prospects of higher farm and economic growth in Asia’s third-biggest economy. Monsoon rains are expected to be 98% of the long-term average, and there is a 65% chance that India will get average …
India likely to get average monsoon rains in 2022 – Skymet Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares fell on Tuesday as demand worries in top consumer China hit metal stocks, while markets braced for domestic inflation data for cues on the impact of price surge on companies. The NSE Nifty 50 index was down 1.1% at 17,486.90, as of 0446 GMT, while the S&P …
Indian shares fall as China demand woes drag metals; inflation data eyed Read More »
By Asha Sistla (Reuters) – Gold prices inched higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data that could support the Federal Reserve’s aggressive policy stance to contain rising pricing pressures. Spot gold was up 0.3% at $1,958.61 per ounce, as of 0407 GMT, after hitting its highest in nearly a …
By Abinaya V and Nivedita Balu (Reuters) -Tesla Inc Chief Executive Elon Musk disclosed on Monday he had abandoned a plan to join Twitter Inc’s board just as his tenure was about to start, the latest move by the world’s richest man that defied corporate America’s norms. Musk revealed last week he had accepted a …
Elon Musk drops Twitter board seat in new U-turn Read More »
By Seher Dareen (Reuters) – Palladium steadied after jumping as much as 5% on Monday on supply concerns following a recent suspension on trading of the metal sourced from Russia in the London hub, while gold was buoyed by inflation fears. Palladium was steady at $2,425.04 per ounce by 2:14 p.m. ET (1814 GMT) in …
Palladium steadies after 5% jump on Russia supply risks Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden made clear to Indian Prime Minister Narendra Modi during a virtual meeting on Monday it was not in India’s interest to increase its imports of energy from Russia, White House press secretary Jen Psaki said. Psaki described the meeting as productive and constructive, and not “adversarial.” She declined …
Not in India’s interest to increase Russian energy imports, Biden told India’s Modi Read More »
By Asha Sistla (Reuters) – Palladium prices hit a more than two-week high on Monday on supply concerns following a recent suspension on trading of the metal sourced from Russia in the London hub, while gold was boosted by inflation fears. Palladium XPD= was up 0.7% at $2,442.09 per ounce by 12:08 p.m. ET (1608 …
Palladium extends gains after London hub suspends trading from Russia Read More »
By Bharat Gautam (Reuters) -India’s fuel demand rose to a three-year high in March, with petrol sales hitting an all-time peak, as the market accumulated supplies foreseeing price spikes while easing COVID-related curbs boosted demand. Consumption of fuel, a proxy for oil demand, rose 4.2% from the same month last year to 19.41 million tonnes, …
India’s March fuel demand hits 3-year high, petrol sales at record peak Read More »
NEW DELHI (Reuters) – Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to reduce reliance on its Chinese supply chain. The phone is being produced at a local plant of Apple’s Taiwanese contract manufacturer Foxconn, situated in the town of Sriperumbudur in …
By Aditya Kalra NEW DELHI (Reuters) – India’s $8 billion Amul dairy group said on Monday it is bracing for disruptions and higher input costs for some products from July when the government’s ban on plastic straws kicks in. India last week refused to waive an impending ban on straws that are packaged with small …
India’s Amul dairy says bracing for sales disruption due to straws ban Read More »
