By Chandini Monnappa HYDERABAD, India (Reuters) – New Indian budget airline Akasa Air plans to launch its first commercial flight in June and is working to get all relevant licences, Chief Executive Vinay Dube said on Friday. The airline is backed by billionaire Rakesh Jhunjhunwala, known as “India’s Warren Buffett”, who has teamed up with …
Indian budget airline Akasa plans first commercial flight in June Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine crisis spawns fears over higher inflation and slower economic growth in these markets. According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out …
Investors dump emerging market funds on slowdown worries Read More »
(Adds analyst quote, updates closing levels) By Anuron Kumar Mitra BENGALURU (Reuters) – Indian shares fell on Friday to end the week with losses of nearly 1%, dragged down by fears that a surge in oil prices due to the Ukraine war could accelerate inflation and further sap growth in an economy already slowed by …
Indian shares end week lower on inflation worries Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season’s exports at 8 million tonnes, government and industry sources told Reuters. An announcement could come early next month, they said. Shares in sugar manufacturers slid …
Exclusive-India to restrict sugar exports, cap of 8 million tonnes one option -sources Read More »
By Aditi Shah NEW DELHI (Reuters) – Indian full-service airline Vistara is in talks with lessors about getting long-haul planes to cover a gap left by delays in Boeing 787 deliveries, chief executive Vinod Kannan said. Vistara, owned by Singapore Airlines and India’s Tata Group, is waiting to receive four aircraft from Boeing’s 787 production …
Vistara looks to lessors to fill long-haul gap amid 787 delays Read More »
By Asha Sistla (Reuters) – Gold was set on Friday for a third weekly gain in four, as the lack of material progress in Russia-Ukraine peace talks lifted the safe-haven metal, although a spike in U.S. yields on fears of aggressive tightening measures dented bullion’s appeal. Spot gold stood its ground at $1,958.41 per ounce …
Gold set for weekly gain as Ukraine conflict deepens Read More »
By Brijesh Patel (Reuters) – Gold rose to a more than one-week high on Thursday as concerns over soaring prices and uncertainty surrounding the war in Ukraine lifted bullion’s appeal as a safe-haven and an inflation hedge. Spot gold was up 1% at $1,963.21 per ounce at 1:48 p.m. EDT (1748 GMT), its highest level …
Gold scales more than one-week peak on Ukraine, inflation worries Read More »
By Sheila Dang (Reuters) – Meta Platforms Inc will make it easier for brands to run three-dimensional ads on Facebook and Instagram through a new partnership with an ecommerce technology firm. The integration with VNTANA will allow brands to upload the 3D models of their products to the social media platforms and easily convert them …
3D ads come to Facebook, Instagram in step toward the metaverse Read More »
By Seher Dareen (Reuters) – Export prices of rice in top exporters India and Thailand fell this week on the back of a decline in domestic currencies, while traders awaited an upcoming harvest in Vietnam. India’s 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week’s $371 to $378, …
Weak local currencies rein in India, Thai export rates Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian private refiner Nayara Energy, part-owned by Russia’s Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows. Indian companies are snapping up Russian oil as it is available …
India’s Nayara buys Urals after 1 yr; IOC books another 3 million bbls Read More »
