By Sethuraman N R BENGALURU (Reuters) – Indian shares slumped on Monday to a near four-month low as rising Omicron cases and renewed lockdowns threatened to derail global economic recovery, while Future Group stocks jumped after the country’s antitrust agency suspended a deal with Amazon.com. The NSE Nifty 50 index closed 2.2% lower at 16,614.20, …
Indian shares tumble 2% as Omicron threatens global economic growth Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s market regulator ordered a year-long suspension of futures trading in key farm commodities on Monday, as the world’s biggest importer of vegetable oils, and a major producer of wheat and rice, struggles to tame food inflation. India’s most dramatic move since allowing futures trade in 2003 threatens market …
India halts futures trade in key farm commodities to fight inflation Read More »
By Sudarshan Varadhan CHENNAI (Reuters) -Police in India have released dozens of those detained for blocking a key highway in a protest against food poisoning at a Foxconn unit, the country’s second instance of unrest at an Apple Inc supplier factory in a year. India is among the countries, such as Mexico and Vietnam, that …
Dozens released after protest at India plant of Apple supplier Foxconn Read More »
BENGALURU (Reuters) -India’s CARS24 said on Monday it had raised $400 million in a funding round that saw participation of asset manager Alpha Wave Global, valuing the used-car retailing platform at $3.3 billion. The round comprises a $300 million equity infusion led by Alpha Wave and $100 million in debt from investors in India, Australia …
India’s used-car platform CARS24 valued at $3.3 billion in new funding round Read More »
BENGALURU (Reuters) -Shares of India’s Future Group companies surged about 20% on Monday after the country’s antitrust agency suspended Amazon.com Inc’s 2019 deal with the group, potentially making it easier for Reliance Retail to buy Future’s retail business. The regulator ruled that the U.S. e-commerce giant suppressed information while seeking regulatory approval two years ago …
Future Group stocks surge 20% after India suspends 2019 Amazon deal Read More »
By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) – Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter. This year, Kuwait had shortened an annual oil supply …
Kuwait extends oil supply deal for Indian refiners to March – sources Read More »
By Aditya Kalra NEW DELHI (Reuters) – Apple Inc has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows. The filing was made after …
By David Henry NEW YORK (Reuters) – The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases. The dollar index against major currencies rose 0.7%, recouping all of the value it had lost on Thursday following a …
Dollar jumps as Omicron spreads amid rate-hike talk Read More »
By David Randall and Tommy Wilkes NEW YORK (Reuters) -Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with rising numbers of Omicron cases and a hawkish turn from major central banks in the fight against inflation. Asian shares closed near …
Stocks slide as Omicron worries bolster safe havens Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust agency suspended Amazon.com’s 2019 deal with Future Group on Friday, potentially denting the U.S. e-commerce giant’s attempts to block the sale of Future’s retail assets to an Indian market leader. The regulator ruled that the U.S. company had suppressed information while seeking regulatory approval on an …
