By Sethuraman N R BENGALURU (Reuters) – Indian shares fell on Thursday, reversing early gains, led by losses in information technology and consumer stocks, while weakness in global equities markets on fears of higher interest rates and surging crude prices weighed. The Nifty 50 fell 0.75% to 19,582 points as of 01:44 p.m IST, while …
Indian shares fall on weak global cues, higher crude prices Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s current account deficit widened in the April-June quarter, from the previous three months, largely due to a higher trade deficit, lower surplus in net services and a drop in private transfer receipts, the central bank said on Thursday. The current account deficit widened to $9.2 billion, or 1.1% of …
India’s April-June current account gap widens sequentially -cenbank Read More »
By Neha Arora NEW DELHI (Reuters) – Steel Authority of India is expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonnes, Chairman Amarendu Prakash told reporters on Thursday. “We had four ships in the first quarter (April-June) and similarly we are expecting four such shipments …
India’s SAIL expects four coking coal ships from Russia in Sept-qtr Read More »
MUMBAI (Reuters) – India’s Adani group has switched the auditor of its main UK subsidiaries to the smaller London-based firm Ferguson Maidment & Co after previous auditor Crowe UK resigned in March, FT reported. Ferguson Maidment & Co audited the annual accounts that Adani Energy Holdings and its subsidiaries filed with British government agency Companies …
India’s Adani group appoints new auditor for UK subsidiaries – FT Read More »
By Aditya Kalra (Reuters) -Indian conglomerate Vedanta Ltd will separate its commodities businesses into four companies to get better valuations, a source with direct knowledge of the move told Reuters on Thursday. The company will spin off its metals, power, aluminium and oil and gas businesses, with an official announcement likely to come this week, …
India’s Vedanta to spin off four commodity companies -source Read More »
MUMBAI (Reuters) – India’s central bank is likely selling U.S. dollars at around 83.22-83.25 rupee levels to prevent the rupee from heading towards a record low, seven traders said. The Reserve Bank of India also likely supplied dollars in the non-deliverable forward market before the spot market opened, five traders said. The rupee opened little …
By Anjana Anil (Reuters) – Gold extended declines for the third straight session on Wednesday as appeal for non-yielding bullion took a hit from bets that the Federal Reserve may keep interest rates elevated, while traders hoped for more cues from U.S. inflation numbers this week. Spot gold dropped 1.4% to $1,874.34 per ounce by …
Gold hastens retreat on higher-for-longer rate bets Read More »
BENGALURU (Reuters) – Indian commercial port operator JSW Infrastructure received bids worth 606.13 billion rupees ($7.29 billion) in its initial public offering (IPO), exchange data showed on Wednesday. The JSW Group-owned company received bids for 5.09 billion shares at between 113 and 119 rupees, 37.37 times more than the 136.3 million shares offered, National Stock …
India’s JSW Infrastructure receives bids worth $7.3 billion in IPO Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed little changed on Wednesday, despite weakness in Asian peers, as the Reserve Bank of India likely sold dollars to prevent the rupee from falling to a fresh record low. The rupee closed at 83.22 against the U.S. dollar compared with a close of 83.23 in …
India rupee ends flat, ducks global pressures on likely cenbank help Read More »
By Munsif Vengattil BENGALURU (Reuters) -Pegatron has resumed production at its contract facility for Apple in southern India after a shutdown over the weekend due to a fire, the company said on Wednesday. An Indian government source told Reuters that manufacturing has been resumed in a phased manner, while a company spokesperson declined to confirm …
Pegatron says iPhone assembly resumes at Indian factory after fire Read More »
