By Anushree Ashish Mukherjee (Reuters) – Gold prices held steady on Friday but headed for their biggest weekly gain in four as the dollar and Treasury yields weakened amid growing expectations that the U.S. Federal Reserve is done with its monetary policy tightening. Spot gold was steady at $1,980.20 per ounce by 2:45 p.m. ET …
Gold set for best week in four on Fed pause bets Read More »
By Ira Dugal MUMBAI (Reuters) -State Bank of India, the country’s top lender, expects minimal impact on its capital ratios from the central bank’s tighter rules for personal loans, its chairman told Reuters in a phone interview. The impact of the increased risk weight on personal loans, including credit cards, will be 55-60 basis points …
State Bank of India sees minimal hit from tighter rules for personal loans Read More »
By Chris Thomas and Siddhi Nayak BENGALURU (Reuters) -Tighter rules for personal loans and credit cards in India are expected to raise costs for consumers and curtail the growth and profits of banks, which have ridden rising demand among small borrowers, bankers and analysts said on Friday. The Reserve Bank of India (RBI) on Thursday …
India’s new personal loan rules seen curbing bank growth, shares slip Read More »
By Rajendra Jadhav and Anjana Anil (Reuters) – Indian buyers brushed off record high local prices this week making gold purchases during the Diwali festival week in the country, while China premiums remained buoyant after the top-buyer continued to accumulate gold holdings. “Demand improved gradually this week. It was as good as last year despite …
Indians brush off record rates to load up on gold for Diwali Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s Nifty 50 and Sensex stock indexes logged their third consecutive weekly gains, boosted by information technology (IT) stocks on easing global interest rate outlooks. The NSE Nifty 50 index gained 1.58% this week, its best in two months, while the Sensex rose 1.37%. Stocks of IT companies, which earn …
India’s blue-chips log third week of gains on IT boost Read More »
By Florence Tan, Muyu Xu and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia’s Far East to Indian Oil Corp, the country’s top refiner, in recent months, according to shiptracking data from LSEG, Kpler and trade sources. The U.S. on Thursday imposed sanctions on maritime …
Tankers newly sanctioned by US supplied Russian oil to India Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such …
India raises concerns over potential carbon taxes in UK FTA talks – sources Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate …
Exclusive-India seeks to restart stalled Adani coal imports probe Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices rose more than 1% on Thursday as the dollar and Treasury yields dipped after U.S. weekly jobless claims increased more than expected, cementing expectations that the Federal Reserve will pause its interest rate hiking cycle. Spot gold rose 1.2% to a 10-day high at $1,983.29 per ounce …
Gold climbs over 1% after US data cements Fed pause bets Read More »
(Corrects paragraph 4 to say stake sale happened in “March”, not “May”) BENGALURU (Reuters) -SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing sources. The Japanese conglomerate may sell the shares, which equates to a roughly 4% stake in Delhivery, via a block deal, …
SoftBank likely to sell stake worth $150 million in India’s Delhivery – Moneycontrol Read More »
