KYOTO (Reuters) -The price of gold is expected to hit $4,980 a troy ounce over the next 12 months, up some 27% from current levels, delegates to the London Bullion Market Association’s (LBMA) annual gathering in Kyoto predicted on Tuesday. On track for its biggest yearly rise since 1979, gold’s 52% growth so far this …
Gold industry sees price rising to near $5,000 an ounce over 12 months Read More »
HYDERABAD, India (Reuters) -Oil India has been unable to transfer a $300 million dividend from its stakes in two Russian oil fields recently sanctioned by the United States, with the funds currently held in Russian banks, Chairman Ranjit Rath said on Tuesday. The Indian state-run explorer, along with Indian Oil Corp and Bharat PetroResources, holds …
By Shivam Patel NEW DELHI (Reuters) -Indian state-owned warplane maker Hindustan Aeronautics Ltd said on Tuesday it had signed an initial agreement to build civil commuter aircraft with a Russian aerospace firm subject to Western sanctions. The agreement with United Aircraft Corporation marks a step towards producing a passenger aircraft in India for the first …
India signs pact with sanctioned Russian firm to build civil aircraft Read More »
(Reuters) -India’s kitchenware maker TTK Prestige reported a nearly 22% rise in its second-quarter profit on Tuesday, driven by mass-priced launches in smaller towns and margin-boosting premium offerings in metropolitan markets. The company’s consolidated net profit rose to 642.4 million rupees ($7.3 million) in the quarter ended September 30, from 528.7 million rupees a year …
Indian kitchenware maker TTK Prestige’s quarterly profit jumps on premium offerings Read More »
HYDERABAD, India (Reuters) -India’s Bharat Petroleum Corporation Ltd (BPCL) will issue a spot crude purchase tender in 7-10 days as a replacement for Russian oil, a source familiar with the matter said on Tuesday. The source said BPCL will buy Russian oil only if it is supplied by non-sanctioned entities. (Reporting by Nidhi Verma, writing …
India’s BPCL to issue spot crude tender as replacement for Russian oil, source says Read More »
By Rajendra Jadhav DHARASHIV, India (Reuters) -Indian farmers’ hopes for bumper crops following this year’s abundant monsoon rains were dashed by heavy downpours just before harvest that damaged their fields, crushing the dreams of millions who rely solely on agriculture for their livelihoods. The losses to crops such as cotton and soybean are expected to …
Monsoon promise turns sour for India’s crops ruined by late downpours Read More »
By Anjana Anil and Pablo Sinha (Reuters) -Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S.-China trade tensions reduced some of the bullion’s safe-haven appeal, while market participants awaited the U.S. Federal Reserve’s interest rate decision this week. Spot gold was down 2.7% at $4,002.29 per ounce at …
Gold slips below $4,000 per ounce as US-China trade progress cools safe-haven demand Read More »
(Reuters) -Indian aerospace and auto components supplier Raymond reported a 20% fall in quarterly profit on Monday, as rising expenses outpaced revenue growth in its second earnings report since spinning off its realty and apparel businesses. The firm said its profit from continuing operations before exceptional items and taxes fell to 1.93 billion rupees ($21.96 …
Indian aerospace supplier Raymond posts quarterly profit decline as costs surge Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) -India’s rice traders plan to seek export deals for the new season’s crop with buyers in emerging markets such as Iraq, Indonesia and Saudi Arabia, a top industry official said, after above-average monsoon rains boosted output. “India is already a major player in the global rice trade, and our …
India’s rice exporters seek deals with emerging markets after strong monsoon Read More »
By Hritam Mukherjee (Reuters) -India’s PVR Inox expects record quarterly footfalls at its multiplexes for the rest of the fiscal year, banking on promotions, federal tax cuts and a strong content slate to draw moviegoers, a senior executive told Reuters on Monday. A pipeline of hits – both from Hollywood and Bollywood – have brightened …
India’s PVR Inox eyes record quarterly footfalls on strong film slate, tax cuts Read More »
