By Bharat Gautam (Reuters) – Gold prices slipped from a one-week high in thin trading on Tuesday, as easing concerns over the Omicron coronavirus variant and strong U.S. retail sales data boosted risk appetite. Spot gold was down 0.1% at $1,809.68 per ounce by 0457 GMT, after hitting its highest since Dec. 17 on Monday. …
Gold prices off one-week high as risk appetite improves Read More »
By Chandini Monnappa and Swati Bhat BENGALURU/MUMBAI (Reuters) – Shares of RBL Bank Ltd recovered some losses in afternoon trade on Monday after the Reserve Bank of India said RBL was well capitalised and the bank’s financial position was satisfactory. Earlier in the session, RBL’s shares tanked nearly 25% after the company’s top boss went …
India’s RBL Bank shares cut losses after RBI says bank health ‘stable’ Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares ended higher in volatile trading on Monday, helped by IT and pharmacy stocks, while RBL Bank tumbled after its top boss went on medical leave and the central bank appointed an executive to the lender’s board. The NSE Nifty 50 index ended up 0.49% at 17,086.25 and …
IT, pharma help Indian shares eke out gains; RBL tanks Read More »
By Sonali Paul MELBOURNE (Reuters) -India’s Adani Group is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels. The Carmichael mine in outback Queensland state is likely to be the last new thermal coal mine …
India’s Adani nears first coal shipment from shunned Australian mine Read More »
MUMBAI (Reuters) – India’s RBL Bank said on Sunday the private bank’s business fundamentals were intact with scope for tremendous improvement, a day after its top executive stepped down and the central bank appointed an executive to its board. Rajeev Ahuja, the bank’s newly-appointed MD and CEO, told reporters the bank does not anticipate major …
India RBL executive says bank does not anticipate big short-term capital needs Read More »
BENGALURU (Reuters) -Indian shares snapped a three-day rally on Friday as surging cases of the Omicron coronavirus variant globally weighed on investor sentiment despite signs that it was less likely to lead to hospitalisation. The NSE Nifty 50 index closed 0.4% lower at 17,003.75 and the benchmark S&P BSE Sensex fell 0.33% to 57,124.31. But …
By Brijesh Patel (Reuters) -India’s crude oil imports in November rose to their highest level in 10 months as refiners stocked up to boost runs in anticipation of strong demand in the world’s third-largest oil consumer and importer. Crude oil imports last month rose 7.5% versus October and were also 0.5% higher than a year …
India’s crude imports hit 10-month peak as refiners bank on strong demand Read More »
By Carolyn Cohn and Aftab Ahmed NEW DELHI (Reuters) -HSBC is buying the mutual fund arm of India’s L&T Finance Holdings for $425 million, it said on Thursday, as it looks to build up its wealth business in Asia. Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into its …
HSBC buys India L&T’s mutual fund arm for $425 million in wealth expansion Read More »
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc is taking India’s financial crime fighting agency to court, seeking to quash an investigation into one of its 2019 deals, a court filing seen by Reuters shows. India’s Enforcement Directorate (ED) has for months been probing Amazon’s $200 million investment in India’s Future …
Amazon sues financial crime agency in latest twist of Indian battle Read More »
(Reuters) -Several apps and websites, including those of streaming service Hulu, office messaging app Slack and Epic Games, were up and running after being hit by a brief power outage at one of Amazon.com Inc’s data servers on the U.S. East Coast. “The issue has been resolved and the service is operating normally,” AWS said. …
Amazon restores cloud services after power outage hits data center Read More »
