By Sethuraman N R BENGALURU (Reuters) – Indian shares ended lower on Tuesday as losses in financial stocks outweighed gains in auto companies, while fears of inflation due to rising global crude oil prices also spooked investors. The NSE Nifty 50 index fell 0.53% to 17,957.40, while the S&P BSE Sensex dropped 0.72% to 60,176.50. …
Indian shares end lower as financials, inflation woes drag Read More »
SHANGHAI (Reuters) – Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, according to a filing with the Shanghai Clearing House. Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week. …
Huawei pays out $9.65 billion in dividends to current and retired staff Read More »
By Asha Sistla (Reuters) – Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by the Federal Reserve to rein in inflation. Spot gold was down 0.2% at $1,928.52 per ounce by 0457 GMT. U.S. gold futures were down 0.1% …
Gold slips as dollar holds firm on safe-haven flows Read More »
By Seher Dareen (Reuters) – Gold rose on Monday as investors sought the safe-haven asset amid prospects of Western countries imposing more sanctions on Russia over its invasion of Ukraine and likely higher inflation, though a stronger dollar and rising U.S. Treasury yields capped gains. Spot gold XAU= was up 0.4% at $1,932.78 per ounce …
Gold up on prospects of more sanctions on Russia, higher inflation Read More »
NEW DELHI (Reuters) – India’s antitrust watchdog has ordered an investigation of food delivery companies Zomato Ltd and Swiggy over the companies’ apps being “neutral” platforms, the Competition Commission of India (CCI) said on Monday. The order comes months after the National Restaurant Association of India (NRAI) asked the CCI to investigate the companies for …
India’s antitrust body to probe Zomato, Swiggy over neutrality Read More »
By Nupur Anand and Chris Thomas MUMBAI (Reuters) -India’s largest private lender HDFC Bank is buying its biggest shareholder in a $40 billion deal, the country’s biggest ever, creating a financial services titan to better tap rising demand for credit. HDFC Bank’s deal with housing finance firm HDFC Ltd, which owns about 21% of the …
HDFC Bank creates Indian lending behemoth in $40 billion deal Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares rose on Monday to close at a near three-month high, buoyed by a surge in India’s largest private lender HDFC Bank and mortgage lender Housing Development Finance Corp after the companies said they were merging in a $40 billion deal. The NSE Nifty 50 index closed …
By Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, Larsen & Toubro and Goldman Sachs-backed renewable energy producer ReNew Power will form a joint venture to develop the green hydrogen sector, helping India cut its carbon emissions. The three companies have signed a binding term sheet to jointly develop green …
Indian Oil Corp forms joint ventures for green hydrogen, electrolyser Read More »
MUMBAI (Reuters) – Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said on Monday. Mills have already dispatched around 5.7 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said …
India signs deals to export 7.2 million T sugar in 2021/22, says trade body Read More »
By Asha Sistla (Reuters) – Gold prices fell on Monday as the dollar and Treasury yields firmed after a solid U.S. payrolls report raised expectations of aggressive rate hikes, although the Ukraine crisis and talks of more sanctions against Russia supported safe-haven demand. A stronger dollar makes gold less attractive for other currency holders, while …
Gold slips as dollar, yields strengthen on robust U.S. jobs data Read More »
