NEW DELHI (Reuters) – Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over …
Russia seeks Indian investment in its oil and gas sector Read More »
By Seher Dareen (Reuters) – Gold retreated on Friday as Russian President Vladimir Putin’s comments on making some progress in talks with Ukraine eased demand for the safe-haven asset that was further pressured by the likelihood that the U.S. interest rates were set to rise. Spot gold was down 1.1% to $1,973.80 per ounce by …
Gold dips on Putin’s comments on Ukraine talks, U.S. rate hike bets Read More »
By Aditya Kalra, Aditi Shah and Abhirup Roy NEW DELHI (Reuters) – India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters. India’s push comes after the flop listing …
Exclusive-India tightens IPO valuation scrutiny, jolts startups eyeing listings-sources Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares were subdued on Friday amid mixed global cues of stable oil prices and surging U.S. inflation, although the main indexes were set for their first weekly gain in five. The blue-chip NSE Nifty 50 index was down 0.07% at 16,582.95 by 0500 GMT, and the S&P BSE …
Indian shares muted as stable oil prices counter U.S. inflation worries Read More »
BENGALURU (Reuters) – New Zealand dairy giant Fonterra Co-operative Group Ltd will wind down its 2018 joint venture with Future Consumer Ltd in the wake of COVID-led disruptions, Future said on Thursday. India’s growing number of dairy consumers remains a viable market for Fonterra and it will continue to have a presence and explore opportunities, …
NZ’s Fonterra ends India partnership with Future after COVID disruptions Read More »
By Seher Dareen (Reuters) – Gold steadied near the $2,000 an ounce level on Thursday, after big gyrations over the past couple of sessions, as its safe-haven appeal was supported by a lack of progress in talks between Russia and Ukraine. Spot gold were steady at $1,992.37 per ounce by 1544 GMT, after tumbling as …
Gold steadies near $2,000/oz as Ukraine worries support Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s ONGC Videsh failed to get bids in its tender to sell 700,000 barrels of Russian sokol crude in a growing backlash against Moscow for its invasion of Ukraine, sources familiar with the matter said. This was the first tender by ONGC Videsh, since the war in Ukraine …
India’s ONGC fails to get bids in its tender to sell Russian oil- sources Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares ended higher on Thursday, led by metals and consumer goods stocks, as the prospect of talks between Russia and Ukraine and state election results favouring Prime Minister Narendra Modi’s party lifted investor sentiment. The blue-chip NSE Nifty 50 index was up 1.53% at 16,594.90, at close, and the …
By Shashwat Awasthi and Harshita Swaminathan (Reuters) – Investors raised their bearish views on most Asian currencies, with short bets on the Indian rupee at a near two-year high, as Russia’s invasion of Ukraine supercharged commodity prices and stoked inflation concerns, a Reuters poll showed on Thursday. The poll of 13 respondents showed market participants …
By Tushar Goenka BENGALURU (Reuters) – Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months. Following Russia’s invasion of Ukraine, crude oil prices have skyrocketed – in March …
Indian inflation likely slipped in Feb but set to rebound soon – Reuters Poll Read More »
