Reuters India Business

By Brijesh Patel (Reuters) – Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine crisis and soaring inflation lifted demand for safe-haven gold. Palladium, used by automakers in catalytic converters to curb emissions, rose 3% to $2,748.86 by …

Supply woes lift Palladium to 7-month peak, gold firms on Ukraine crisis Read More »

By Bharat Gautam (Reuters) – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish Federal Reserve and safe-haven demand due to the Ukraine crisis boosted gold prices. Spot prices of palladium, used by automakers in catalytic converters to …

Palladium scales 7-month peak, gold firms as Ukraine crisis rages on Read More »

By Swati Bhat MUMBAI (Reuters) – India’s trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge and the domestic economy reopens from a third wave of the pandemic, economists and analysts said. India’s trade deficit widened sharply to $21.19 billion in February compared to $17.94 …

Indian trade, current account deficit seen widening, rupee under pressure Read More »

By Swati Bhat MUMBAI (Reuters) – Indian bond yields rose further on Thursday, tracking an uptick in global crude oil prices, while expectations of a March rate increase by the U.S. Federal Reserve were reaffirmed by comments from its chairman, pushing up U.S. yields. Oil prices extended their rally, with Brent rising above $118 a …

Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers Read More »

By Timothy Gardner WASHINGTON (Reuters) – The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change? The answer is probably not. On the …

Explainer – Why $100 oil could hurt the energy transition more than it helps Read More »

BENGALURU (Reuters) -Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance …

Reliance to invest $220 million in Sanmina JV in electronics manufacturing push Read More »