NEW DELHI (Reuters) – India’s state run refiner Bharat Petroleum Corp is looking at buying Venezuela oil, its head of refineries Sanjay Khanna said on Wednesday. “Our refineries are capable of processing Venezuelan oil and we have given our international trade (department) okay to buy it,” Khanna said in an industry event. The import of …
India’s BPCL looking at buying Venezuela oil, official says Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to have a quiet opening on Wednesday after U.S. inflation came broadly in-line with expectations, with traders now awaiting the Federal Reserve’s new forecasts on interest rates. Non-deliverable forwards indicate rupee will open broadly unchanged from 83.3875 in the previous session. U.S. core consumer …
Rupee eyes Fed rate projections after in-line U.S. inflation data Read More »
By Ashitha Shivaprasad and Anushree Ashish Mukherjee (Reuters) – Gold prices on Tuesday pared gains on news that U.S. consumer prices rose unexpectedly in November, while traders focused onkey central bank policy meetings for clues on monetary policy. Spot gold was steady at $1,978.68 per ounce, as of 1:55 p.m. ET (1855 GMT), after rising …
Gold prices pare gains after U.S. inflation data Read More »
By VarunVyas Hebbalalu and Kashish Tandon BENGALURU (Reuters) -India’s SpiceJet said on Tuesday it would raise 22.50 billion rupees ($270 million) by selling shares and warrants to help revive its grounded planes that continue to weigh on the cash-starved low-cost carrier’s financial results. Once India’s second-largest airline, SpiceJet has grounded 25 of its jets as …
India’s SpiceJet to raise $270 million as grounded fleet weighs on results Read More »
BENGALURU (Reuters) -India’s largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will raise 50 billion rupees ($599.8 million) by issuing non-convertible debentures and 2.5 billion rupees through non-cumulative redeemable preference shares. The company, which operates 13 ports and terminals in the country including its largest container handling port, Mundra …
India’s Adani Ports to raise $600 million via non-convertible debentures Read More »
BENGALURU (Reuters) – South Korea’s Mirae Asset Securities on Tuesday said it would acquire French bank BNP Paribas’ Indian retail brokerage unit, Sharekhan, in a 487 billion won ($370.11 million) deal. Mirae Asset, an investment banking and stock brokerage firm, is acquiring a 72.76% stake in Sharekhan for around 288 billion won from BNP Paribas, …
South Korea’s Mirae Asset to buy BNP Paribas’ Indian brokerage unit for $370 million Read More »
BENGALURU (Reuters) -Hindalco Industries said on Tuesday it will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility to tap the expanding electric vehicles market in India, the world’s third-largest car market. The plant, set to be opened in the eastern state of Odisha, is slated to be operational by …
India’s Hindalco to invest $96 million to set up battery foil plant in Odisha state Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee edged higher on Tuesday, with traders anticipating a narrow trading range as they await a closely watched U.S. inflation report and the outcome of the Federal Reserve meeting. The rupee was at 83.3650 against the U.S. dollar as of 10:15 a.m. IST, up 0.03% from its …
Rupee inches up but may tiptoe in tight range ahead of US CPI, Fed outcome Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices fell to a three-week low on Wednesday as the dollar and U.S. Treasury yields firmed, while investors awaited several crucial central bank meetings and U.S. inflation data that could influence the Federal Reserve’s policy path. Spot gold was down 1.1% at $1,980.69 per ounce, as of 2:53 …
Gold slips to three-week low; focus shifts to US inflation data Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -India’s No. 2 IT services provider Infosys said on Monday Nilanjan Roy has resigned as its finance chief and would be succeeded by insider Jayesh Sanghrajka. Roy, who joined Infosys from Bharti Airtel and has been its chief financial officer since March 2019, decided to step …
India’s Infosys CFO Nilanjan Roy resigns, Jayesh Sanghrajka to succeed Read More »
