By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) – India’s oil imports from Russia rebounded in September after hitting a seven month low in August as prices fell against Middle Eastern oil, preliminary trade flow data from LSEG, Kpler and Vortexa showed. India, the world’s third biggest oil importer and consumer, also raised imports …
India imports of Russian, Iraqi oil rebound in September Read More »
BENGALURU (Reuters) -The Jalan Kalrock Consortium (JKC) said on Friday that it has completed its commitment to infuse 3.50 billion rupees ($42.14 million) in the now-defunct Indian carrier Jet Airways as per a court-approved plan. Earlier this year, India’s national company law tribunal allowed the ownership of Jet Airways to be transferred to the consortium …
Jalan Kalrock Consortium completes capital infusion to revive India’s Jet Airways Read More »
By Aftab Ahmed and Dharamraj Dhutia NEW DELHI/MUMBAI (Reuters) -Global index provider FTSE Russell said on Friday it would not yet include India in an government bond index, a week after JPMorgan said India would be part of its influential GBI-EM index suite starting next year. “Areas for improvement in the Indian government bond market …
India misses out on FTSE Russell government bond index inclusion Read More »
By Sethuraman N R and Jayshree P Upadhyay BENGALURU (Reuters) -Multi Commodity Exchange of India (MCX) on Friday said the country’s markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week, sending shares crashing. Shares of MCX fell 8.7% in early trade, …
India markets regulator asks MCX to put launch of new platform on hold Read More »
By Bhakti Tambe, Nikunj Ohri and Dharamraj Dhutia NEW DELHI/MUMBAI (Reuters) – Life Insurance Corp of India (LIC), the country’s largest insurer, has stepped up federal and state debt purchases to reduce capital volatility, according to sources and market participants, also helping lower government borrowing costs. The shift, previously unreported, has helped states reduce costs …
Strategy shift at India’s top insurer LIC aids government borrowing costs Read More »
By Nishit Navin and Shivam Patel BENGALURU (Reuters) -Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it will sell its stake in two of India’s Adani Group companies, a move that comes as billionaire Gautam Adani’s business continues its battle against fraud allegations. Overseas investors such as the IHC have backed Adani in …
Abu Dhabi’s IHC to sell stake in two Adani group companies Read More »
By Ashitha Shivaprasad (Reuters) – Gold plumbed a six-month low on Thursday as bets for higher-for-longer U.S. interest rates diminished non-yielding bullion’s appeal, while traders shifted focus to inflation readings this week for clues on the Federal Reserve’s strategy. Spot gold fell 0.7% to $1,861.59 per ounce by 2:06 p.m. EDT (1806 GMT), its lowest …
Gold slides on hawkish Fed, inflation test looms Read More »
By Navamya Ganesh Acharya and VarunVyas Hebbalalu BENGALURU,India (Reuters) – Farmers and trade unions in India’s southern Karnataka state have called for a day-long strike on Friday to protest against sharing water from a river with neighbouring Tamil Nadu state, in a drawn-out conflict that has flared up again in recent days. Protests began this …
India’s Karnataka state gears up for strike over water-sharing dispute Read More »
BENGALURU (Reuters) – India’s Asian Paints on Thursday said Ashwin Dani, co-founder and non executive director of the paint maker, passed away. (Reporting by Kashish Tandon in Bengaluru;Editing by Dhanya Ann Thoppil)
By Nidhi Verma MOSCOW/NEW DELHI (Reuters) – Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports. Russia’s main export grade Urals has been trading above the $60 …
Russian oil sold to India at 30% above Western price cap -traders Read More »
