By Ashitha Shivaprasad (Reuters) – Safe-haven gold consolidated gains on Tuesday as traders kept a close eye on developments surrounding the Israel-Hamas conflict, while also positioning for cues on the U.S. rate hike path from Federal Reserve Chair Jerome Powell this week. Spot gold was up 0.1% at $1,920.36 per ounce by 2:14 p.m. ET …
Gold firms as Middle East risks buoy safe-haven appeal Read More »
(Reuters) -India has cut the windfall tax on petroleum crude, aviation turbine fuel and diesel, according to a government notification on Tuesday. The windfall tax on petroleum crude will be reduced to 9,050 Indian rupees ($108.74) per ton from 12,100 Indian rupees per ton, effective Oct. 18. The government also cut the windfall tax on …
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed higher on Tuesday as oil prices stabilised around $90 per barrel, while bank stocks were further propped up after analysts said top lender HDFC Bank would see margins improve going ahead. The NSE Nifty 50 index settled 0.40% higher at 19,811.50, and the S&P BSE Sensex rose …
Banks power Indian shares amid earnings rush, global rebound Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – State-run firms, Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF), will invest 30.95 billion rupees ($371.90 million) in their fertiliser joint venture in Odisha, two government officials told Reuters. GAIL and RCF will put in 17.3 billion rupees, while Coal India will …
Coal India, partners to invest $372 million in fertiliser JV to boost output – sources Read More »
By Jayshree P Upadhyay (Reuters) – India’s markets regulator and its central bank are investigating about a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations, including “evergreening” of stressed loans, according to three sources with direct knowledge of the matter. The investigations could lead to increased disclosures and greater scrutiny …
India’s top regulators investigating some alternate investment funds -sources Read More »
BENGALURU (Reuters) – Maruti Suzuki India, the country’s top carmaker by sales, said on Tuesday it would issue shares worth 128.41 billion rupees ($1.54 billion) to Suzuki Motor to buy a local manufacturing plant from the Japanese automaker. This is the first time that Maruti has disclosed a value for the plant in the western …
India’s Maruti to pay $1.54 billion in stock to Suzuki for local plant Read More »
BENGALURU (Reuters) – India’s Jio Financial Services JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market. Despite strong growth, penetration of financial investment products in India is low relative to the size of …
Jio Financial set to launch suite of loan products in billionaire Ambani’s finance push Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) – Indian space startup Agnikul Cosmos said on Tuesday it had raised 2 billion rupees ($26.7 million) in additional funds ahead of its first rocket launch, as private space firms benefit from the successful landing of an Indian spacecraft on the moon. Chennai-based Agnikul, whose name is derived from the …
India’s Agnikul raises $27 million more ahead of first rocket launch Read More »
By Harshit Verma (Reuters) – Gold prices fell on Monday after solid gains in the previous session, but the safe-haven metal held firm above the key $1,900 per ounce level as escalating conflict in the Middle East kept investors on edge. Spot gold was down 0.7% at $1,918.20 per ounce by 2:13 p.m. ET (1813 …
Gold slips, but holds above $1,900 pivot on Israel-Hamas conflict Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares closed marginally lower on Monday, tracking weaker global stocks as nervousness around the escalating conflict in the Middle East dampened risk appetite, while a rise in metals stocks capped losses. The NSE Nifty 50 index settled 0.10% lower at 19,731.75, and the S&P BSE Sensex fell 0.17% …
Indian blue-chips slip on Mideast conflict concerns; metals cap losses Read More »
