By Paresh Dave and Julia Love (Reuters) -Alphabet Inc’s Google has settled with six current and former employees who had alleged the company unfairly stifled worker organizing in a case stemming from potential sales of its cloud technology to U.S. immigration authorities — an abrupt ending to a trial that had been paused for several …
Google settles over firing of workers protesting immigration cloud deal Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback had been fluctuating between slight gains and …
By Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers will raise petrol and diesel pump prices by 0.8 rupees ($0.0105) per litre from Tuesday, the first increase since November, two dealers told Reuters late on Monday. The dealers, who declined to identified, said they had received information from oil companies about the retail …
India to raise petrol, diesel retail prices after 4-month hiatus – dealers Read More »
BENGALURU (Reuters) -Indian shares ended nearly 1% lower on Monday after making sizeable gains the previous week, weighed down by losses in bank stocks, while a surge in oil prices stoked inflation fears. The blue-chip NSE Nifty 50 index closed 0.98% lower at 17,117.60, while the benchmark S&P BSE Sensex lost 0.99% to end at …
Indian shares kick off week with 1% fall as oil prices climb Read More »
By Swati Bhat MUMBAI (Reuters) – Indian bond yields edged up on Monday while the rupee weakened as an uptick in crude oil prices fanned fears of imported inflation and higher trade and current account deficits. Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as …
By Asha Sistla (Reuters) – Gold prices rose on Monday, lifted by demand for the safe-haven metal as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve’s plan of aggressive measures to combat inflation. Spot gold rose 0.2% to $1,924.45 per ounce by 0712 GMT. U.S. …
Gold rises as Ukraine crisis persists, hawkish Fed caps gains Read More »
NEW DELHI (Reuters) – Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday. It is the first major EV plan announced by Maruti Suzuki for India in a bid to align itself …
Japan’s Suzuki to invest $1.4 billion for EVs at India factory Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian bulk diesel buyers are snapping up diesel from retail stations as pump prices are 25 rupees ($0.33) a litre cheaper than their bulk contract prices, a spokesperson for a fuel retail joint venture of Reliance Industries Ltd and energy major BP said. Indian state-run fuel retailers, who …
Indian bulk diesel buyers rush to secure supplies from cheaper retail outlets Read More »
NEW DELHI (Reuters) – Reliance Retail, owned by Indian billionaire Mukesh Ambani, said on Sunday it acquired a majority stake in Purple Panda Fashions Private Limited, which owns a popular lingerie brand, for $125 million, further expanding in the apparel and underwear sectors. India’s largest retail chain will own an 89% equity stake in Purple …
India’s Reliance Retail acquires lingerie brand for $125 million Read More »
By Asif Shahzad ISLAMABAD (Reuters) – The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin said on Sunday. “There are no issues. We have given them details as to where the funds would come from,” …
IMF asked Pakistan to show how it would fund $1.5 billion subsidy package – minister Read More »
