By Rajendra Jadhav MUMBAI (Reuters) -India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation. India is the world’s biggest importer of vegetable oils such as palm …
India grants duty concessions for corn, vegetable oil imports Read More »
(Reuters) -Haleon will sell its nicotine replacement therapy business outside the U.S. to a unit of India’s Dr. Reddy’s for 500 million pounds ($632.55 million), the British consumer healthcare company said on Wednesday. The divestment is expected to dilute Haleon’s 2024 net revenue and adjusted operating profit by about 0.5% and about 1%, respectively. The …
Haleon to sell nicotine replacement therapy business outside US for $633 million Read More »
By Hritam Mukherjee and Bharath Rajeswaran BENGALURU (Reuters) -Indian benchmarks logged record closing highs for the second straight session on Wednesday, led by gains in heavyweights Reliance Industries and private banks as investors looked for under-heated pockets for better valuations and safety. The NSE Nifty 50 added 0.62% to 23,868.80, while the S&P BSE Sensex …
Reliance, private banks power Indian shares to second straight record-high close Read More »
BENGALURU (Reuters) -Vedanta Resources will sell a 2.6% stake in Indian metals-to-oil firm Vedanta to a group of institutional investors, the former said in a statement on Wednesday. The move marks an about-turn from a week ago when Vedanta Chairman Anil Agarwal said there were no plans for a stake sale by the company’s controlling …
Vedanta’s parent to sell 2.6% stake in Indian miner in about-turn Read More »
By Sumit Khanna and Chris Thomas AHMEDABAD, India – The finance chief of the Adani Group conglomerate on Tuesday deemed some of the Indian market regulator notices received by group firms citing alleged regulatory lapses as “trivial” in nature. Led by billionaire Gautam Adani, the group has faced regulatory challenges in India since a report …
Adani CFO calls some regulator notices group received ‘trivial’ Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns, two sources with direct knowledge of the matter said. These steps, aimed at preventing market manipulation following …
By Brijesh Patel (Reuters) – Gold prices slipped on Tuesday, hurt by an uptick in the dollar and Treasury yields as investors awaited U.S. inflation data due later this week that could provide cues on the timing of interest rate cuts by the Federal Reserve this year. Spot gold was down 0.6% at $2,318.82 per …
Gold slips as dollar, yields gain; traders await more US data Read More »
By Jaspreet Kalra and Swati Bhat MUMBAI (Reuters) – Reserve Bank of India Governor Shaktikanta Das said on Tuesday that India needs a clear and unambiguous focus and commitment to lower inflation to its 4% goal. India’s annual retail inflation fell to 4.75% in May, down from 4.83% in April but still well above the …
India must focus on cutting inflation to 4%, says central bank governor Read More »
By Sethuraman N R and Hritam Mukherjee BENGALURU (Reuters) -Indian benchmarks settled at record closing highs on Tuesday, posting their best day in more than two weeks, lifted by a surge in heavyweight financial and bank stocks that have lagged sectoral peers so far this year. The NSE Nifty 50 index added 0.8% at 23721.3, …
Financials, banks boost Indian shares to best day in more than two weeks Read More »
MOSCOW (Reuters) – India and China were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in May, traders said and LSEG data showed. Russian fuel oil and VGO seaborne exports last month rose 12% from April to about 4 million metric tons, helped by completion of seasonal maintenance. The European …
India and China top buyers of Russian fuel oil in May, LSEG data shows Read More »
