By Ashitha Shivaprasad (Reuters) – Gold prices gained on Friday, helped by a technical rebound after a nine-day losing streak, although robust U.S. jobs data raised worries over another U.S. rate hike and kept bullion on track for its second weekly drop. Spot gold was up 0.6% at $1,831.09 per ounce by 1:41 p.m. EDT …
Gold attempts rebound, but heads for second weekly dip on rate-hike fears Read More »
By Krishna N. Das NEW DELHI (Reuters) – India’s Norris Medicines has recalled a cough syrup and an allergy syrup that the country’s federal drugs regulator had found to be toxic, its managing director said on Friday, adding that the products had only been sold in India. Tests by India’s Central Drugs Standard Control Organisation …
Norris Medicines recalls toxic syrups, says only sold in India Read More »
BENGALURU (Reuters) -Billionaire Mukesh Ambani’s Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India’s largest retailer ahead of a potential stock market listing. The investment by ADIA at a valuation of $100.8 billion will translate into a stake …
Indian billionaire Ambani’s Reliance Retail to raise $598 million from ADIA Read More »
(Reuters) -Dabur India said on Friday its second quarter operating profit would be subdued, partly due to a later than usual festive season and delayed monsoon rains, even as it reaped the benefits of moderating inflation and cost-saving initiatives. The update follows its peer Marico which also flagged below-normal rainfall distribution weighing on profitability. Dabur, …
Dabur India flags weak Q2 operating profit on delayed monsoon Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – India’s benchmark 10-year bond yield posted its biggest one-day jump in 17 months on Friday, with overall bond yields expected to rise further, on the Reserve Bank of India’s plan of open market sales of bonds via auctions. The 10-year yield rose to 7.3645%, with the …
India bond yields may jump on central bank’s “Damocles sword” plan of auction sales Read More »
MUMBAI (Reuters) – India’s central bank is closely monitoring some fast-growing personal loan categories for signs of nascent stress, its chief said on Friday. Banks and non-bank lenders would be “well advised to strengthen their internal surveillance mechanisms, address the build-up of risks, if any, and institute suitable safeguards in their own interest,” Shaktikanta Das, …
India cenbank monitoring certain personal loans for signs of nascent stress, chief says Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) offloaded Indian equities worth 147.68 billion rupees ($1.77 billion) on a net basis in September, data from the National Securities Depository Ltd (NSDL) showed. FPIs had bought Indian shares for six months in a row from March to August, with inflows aggregating to 1.69 trillion …
FPIs snap six-month buying streak in September – NSDL data Read More »
MUMBAI (Reuters) – The Reserve Bank of India kept its key lending rate steady for a fourth consecutive policy meeting on Friday, as widely expected, but signalled it would keep liquidity tight using bond sales to bring inflation closer to its 4% target. The monetary policy committee kept the key lending rate, or repo rate, …
By Ashitha Shivaprasad (Reuters) – Gold prices edged lower for a ninth straight session on Thursday, as U.S. data indicating tight labor market conditions raised worries about the Federal Reserve keeping interest rates higher for sometime. Spot gold eased 0.1% to $1,819.98 per ounce by 2:04 p.m. EDT (1804 GMT). U.S. gold futures settled 0.2% …
Gold extends decline for ninth day as fears of higher US rates weigh Read More »
BENGALURU (Reuters) – Softbank-backed India’s Oyo Hotels and Homes is in talks to refinance a $660 million loan with Apollo Management Inc after a delay in its initial public offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The hotel aggregator is seeking to extend the maturity of the loan to five …
India’s Oyo in talks with Apollo to refinance $660 million loan – Bloomberg News Read More »
