Reuters India Business

By Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers will raise petrol and diesel pump prices by 0.8 rupees ($0.0105) per litre from Tuesday, the first increase since November, two dealers told Reuters late on Monday. The dealers, who declined to identified, said they had received information from oil companies about the retail …

India to raise petrol, diesel retail prices after 4-month hiatus – dealers Read More »

By Swati Bhat MUMBAI (Reuters) – Indian bond yields edged up on Monday while the rupee weakened as an uptick in crude oil prices fanned fears of imported inflation and higher trade and current account deficits. Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as …

Indian rupee, bonds retreat as oil prices jump Read More »

By Asha Sistla (Reuters) – Gold prices rose on Monday, lifted by demand for the safe-haven metal as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve’s plan of aggressive measures to combat inflation. Spot gold rose 0.2% to $1,924.45 per ounce by 0712 GMT. U.S. …

Gold rises as Ukraine crisis persists, hawkish Fed caps gains Read More »

By Nidhi Verma NEW DELHI (Reuters) – Indian bulk diesel buyers are snapping up diesel from retail stations as pump prices are 25 rupees ($0.33) a litre cheaper than their bulk contract prices, a spokesperson for a fuel retail joint venture of Reliance Industries Ltd and energy major BP said. Indian state-run fuel retailers, who …

Indian bulk diesel buyers rush to secure supplies from cheaper retail outlets Read More »

NEW DELHI (Reuters) – Reliance Retail, owned by Indian billionaire Mukesh Ambani, said on Sunday it acquired a majority stake in Purple Panda Fashions Private Limited, which owns a popular lingerie brand, for $125 million, further expanding in the apparel and underwear sectors. India’s largest retail chain will own an 89% equity stake in Purple …

India’s Reliance Retail acquires lingerie brand for $125 million Read More »

By Asif Shahzad ISLAMABAD (Reuters) – The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin said on Sunday. “There are no issues. We have given them details as to where the funds would come from,” …

IMF asked Pakistan to show how it would fund $1.5 billion subsidy package – minister Read More »

By Sanjeev Miglani NEW DELHI (Reuters) – India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia. The surge in oil prices following Russia’s invasion of Ukraine last month threatens …

India’s oil imports from U.S. to rise, amid criticism for Russian purchases Read More »