BENGALURU (Reuters) -Indian shares cut some early losses on Monday and the rupee came off record lows, but investors remained worried that the spike in global oil prices would lead to higher domestic inflation. The blue-chip NSE Nifty 50 index fell 1.95% to 15,929.20 by 0718 GMT, while the S&P BSE Sensex dropped 2.17% to …
Indian shares cut some losses, rupee off record lows after oil shock Read More »
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank’s plans to dial back stimulus have been upended by Russia’s invasion of Ukraine. Policymakers meeting on Thursday must now grapple with the prospect of inflation, already at record highs, rising yet further just as a new crisis threatens the economy. “Of all …
Ukraine upends stimulus exit: Five questions for the ECB Read More »
By Abhirup Roy MUMBAI (Reuters) -India’s National Stock Exchange (NSE) said on Monday two key indexes were now operating normally after they earlier stopped updating “intermittently” – a glitch that came amid sharp drops in Indian shares. The country’s biggest bourse had flagged problems with the blue-chip NSE Nifty 50 index and Nifty’s bank index …
India’s NSE says key indexes operating normally after glitch Read More »
NEW DELHI (Reuters) -India’s federal police on Sunday arrested the former chief executive of the National Stock Exchange of India in a case related to alleged governance lapses at India’s top bourse, a source with direct knowledge told Reuters. Chitra Ramkrishna was arrested in New Delhi, the source at the Central Bureau of Investigation (CBI) …
Indian police arrest NSE stock exchange’s former head Ramkrishna -source Read More »
By Aditya Kalra and Abhirup Roy MUMBAI (Reuters) – At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India’s biggest retailer Reliance. Prospective customers were turned back by security, disappointed at the closed state of the store that still carries the signage of …
‘The shops are gone’: How Reliance stunned Amazon in battle for India’s Future Retail Read More »
By Shivani Singh BENGALURU (Reuters) – Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with the matter told Reuters. The Bengaluru-based social commerce platform is working to be ready for a listing by the end …
Exclusive: Facebook-backed Indian startup Meesho targets early 2023 for IPO – source Read More »
By Brijesh Patel (Reuters) – Palladium extended its rally to near a 10-month high within striking distance of $3,000 an ounce on Friday, as concerns over supply shortages from top-producer Russia mounted and the war in Ukraine bolstered demand for safe-haven gold. Spot palladium was up 6.1% to $2,943.56 per ounce as of 10:27 a.m. …
Palladium sprints to $3,000/oz mark as Russia supply fears grow Read More »
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Data showing a red-hot U.S. jobs market sent Treasury yields lower and strengthened the dollar on Friday, but the war in Ukraine overshadowed the blowout report as the euro plunged on expectations of slower European economic growth. U.S. job growth surged in February, pushing the …
Stocks sink, euro plunges as Ukraine war shakes markets Read More »
By Arpan Varghese (Reuters) – Palladium extended gains on Friday, breaking above $2,800 an ounce mark en route to its biggest weekly gains in two years as concerns grew about supply shortfalls from Russia, while the war in Ukraine kept safe haven gold on firm ground. Spot palladium rose 4.1% to $2,889.70 as of 1252 …
Palladium set for biggest weekly gain in 2 years as Russia supply concerns mount Read More »
BENGALURU (Reuters) -Indian shares dropped over 1% to log their fourth consecutive week of losses on Friday, led by a decline in financials and metals stocks, as a worsening Ukraine crisis sent oil prices surging and stoked inflation fears. The blue-chip NSE Nifty 50 index was down 1.53% at 16,245.35 at close, with most of …
Indian shares post fourth weekly loss as Ukraine crisis escalates Read More »
