By Aditya Kalra NEW DELHI (Reuters) – Social media platform X’s head of policy for India and South Asia, Samiran Gupta, has resigned, two sources said, a top departure that comes ahead of India elections and as the company fights a court battle with New Delhi over content removal. Gupta was the most senior India …
X social media’s India, South Asia policy head Gupta resigns-sources Read More »
By Brijesh Patel (Reuters) – Gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors digested a still hawkish stance from the Federal Reserve. Spot gold rose 0.3% to $1,925.21 per ounce by 1:59 p.m. EDT (1759 GMT), following three sessions of losses. U.S. gold futures …
By Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) – Grounded Indian airline Go First’s revival could be derailed if a court agrees to demands of aircraft lessors, who are seeking certain records after jet parts went missing or faced deterioration, according to legal filings from the carrier. Foreign lessors have been locked in a …
India’s Go First says airline’s revival could be derailed by lessors’ demands Read More »
By Rishika Sadam HYDERABAD (Reuters) – Abbott Laboratories’ Indian unit has warned of potential supply shortages of two popular laxative syrups after production was prohibited in India’s Goa state, where drug inspectors have found lapses at a company factory, a letter shows. Goa, where Abbott has one of its two India plants, asked the company …
Abbott India warns of laxatives shortage in tussle with Goa regulator Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) -JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world’s fifth-largest economy and helping it finance its current account and fiscal deficits. India’s local bonds will be included in the Government …
India gets green light to join JPMorgan bond index; rupee, bonds gain Read More »
MUMBAI (Reuters) – Indian domestic bonds will be included in the JPMorgan emerging market debt index from June 2024, paving the way for billions of dollars worth inflows into the world’s fifth-largest economy. Here are reactions from analysts, economists and market participants: SANJAY MATHUR, CHIEF ECONOMIST, SOUTHEAST ASIA AND INDIA, ANZ, SINGAPORE: “Bond inclusion should …
Reaction to Indian bonds being included in JPMorgan index Read More »
By Siddhi Nayak MUMBAI (Reuters) -JPMorgan’s decision to include local Indian bonds in its widely tracked emerging market debt index could boost demand for debt and push India’s benchmark 10-year bond yield to sub-7% levels in the coming months, Citi and Bank of America said on Friday. The 10-year benchmark 7.18% 2033 bond yield dropped …
Citi, BofA see India’s 10-yr bond yield sub-7% post index inclusion Read More »
LONDON (Reuters) – Britain and Sweden’s central banks on Friday reaffirmed their commitment to the oversight of London Clearing House Limited. “The Riksbank and the Bank of England have today re-affirmed their existing strong commitment to effective oversight cooperation over London Clearing House Limited (LCH),” a statement published by the Bank of England said. (Reporting …
UK and Sweden central banks reaffirm oversight of London Clearing House Read More »
By Ira Dugal MUMBAI (Reuters) – Passive inflows into Indian bonds could rise to as much as $50 billion over the next 12 months if other foreign indexes add the country’s debt to their benchmarks, a top treasury official at ICICI Bank told Reuters on Friday. Earlier in the day, JPMorgan said it would include …
NEW DELHI (Reuters) – Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of some key food items, the government said in its monthly economic report on Friday. The comment comes as oil prices rose to 10-month highs earlier …
India says rising oil prices a concern, but economic outlook ‘bright’ Read More »
