By Aftab Ahmed and Nupur Anand MUMBAI (Reuters) – Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill …
Proposed India bill banning crypto payments could mean jail for violations -document Read More »
By Shivani Singh BENGALURU (Reuters) -Indian shares ended more than 1.5% higher on Tuesday, with banking and metal stocks bouncing back from the previous session after fears about the potential severity of the Omicron coronavirus variant eased. At the closing bell, the blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex were both …
Indian shares end higher on bank, metals boost as Omicron jitters wane Read More »
BENGALURU (Reuters) -India’s Spinny said on Tuesday it had raised $283 million in a funding round led by Abu Dhabi-based ADQ and Tiger Global, giving the used-car retailing platform a valuation of about $1.8 billion. The round includes a primary capital infusion of $250 million and a secondary sale of about $33 million by select …
Indian used-car platform Spinny valued at $1.8 billion in new funding round Read More »
(Repeats story published on Dec 6 with no changes to text) By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said. …
India central bank may refrain from reverse repo hike on Omicron worry Read More »
MOSCOW/NEW DELHI (Reuters) -Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC) with up to 2 million tonnes of crude next year, the Russian oil producer said in a press release on its website. “The new oil supply deal confirms the strategic nature of long-term partnership between Rosneft and Indian Oil”, head …
Russia’s Rosneft and Indian Oil sign 2022 crude supply deal Read More »
(Corrects policy day in lede to Wednesday from Thursday) By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said. Fifty economists …
India central bank may refrain from reverse repo hike on Omicron worry Read More »
BENGALURU (Reuters) -Indian shares closed nearly 2% lower on Monday, hurt by a selloff in information technology (IT) stocks, as increasing cases of the Omicron coronavirus variant spooked investors ahead of the central bank’s decision on interest rates. The blue-chip NSE Nifty 50 index slipped below the 17,000 mark and was down 1.65% at 16,912.25, …
Indian shares fall nearly 2% as IT stocks weigh, Omicron fears loom Read More »
By Tushar Goenka BENGALURU (Reuters) – The Reserve Bank of India will hike its reverse repo rate early next year and increase its repo rate the following quarter, according to a Reuters poll of economists who were split on whether the latest COVID-19 variant risked delaying those moves. This comes when retail inflation – the …
India central bank to hold rates at Dec meeting, hike early next year: Reuters poll Read More »
(Reuters) – Gold prices held steady on Monday as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labour market was rapidly tightening. FUNDAMENTALS * Spot gold was little changed at $1,783.91 per ounce by 0038 GMT. U.S. gold futures rose 0.1% …
Gold holds steady as investors weigh faster Fed taper prospects Read More »
By Scott DiSavino NEW YORK (Reuters) – Crude prices ended little changed on Friday after erasing earlier big gains on growing worries that rising coronavirus cases and a new variant could reduce global oil demand. Earlier in the day, oil prices climbed more than $2 a barrel after producer group OPEC+ said it could review …
Oil steadies, paring gains as rising COVID cases spur demand worries Read More »
