By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares rose marginally on Thursday, led by information technology stocks on easing rate concerns in the U.S., although caution ahead of the gross domestic product (GDP) data for the June quarter capped gains. The Nifty 50 index was up 0.05% at 19,360.50 at 10:23 a.m. IST, …
IT buoys Indian shares as US rate concerns ebb; Adani stocks fall Read More »
By Harshit Verma (Reuters) – Gold hit its highest in nearly a month on Wednesday, as a fresh batch of weak U.S. economic readings reinforced the view that the Federal Reserve may have to hit pause on its interest rate hikes. Spot gold rose 0.4% to $1,943.92 per ounce by 2:20 p.m. EDT (1820 GMT), …
Gold climbs as more weak US data boosts Fed rate-pause bets Read More »
(Reuters) – Johnson & Johnson and Indian drugmaker Lupin will supply their versions of the tuberculosis drug bedaquiline at a significantly cheaper price in low- and middle-income countries, a global anti-tuberculosis group said on Wednesday. The United Nations-backed Stop TB Partnership said J&J’s new price of $130 and Lupin’s price of $194 for a six-month …
J&J, India’s Lupin cut prices for tuberculosis drug in lower-income countries Read More »
NEW DELHI (Reuters) – At least 32 international electronics companies have applied to India’s incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. Prime Minister Narendra Modi’s government is pushing to boost domestic manufacturing capacity under its “Make …
India says Dell, HP among 32 firms that applied to make laptops locally Read More »
BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at 9.47 billion rupees ($114.7 million), exchange data showed. The venture capital fund, part of Japan’s SoftBank Group, sold 100 million shares at 94.7 rupees apiece in bulk deals. International Monetary Fund, Morgan …
SoftBank fund cuts stake in India’s Zomato in $115-million deal Read More »
MUMBAI (Reuters) – India on Wednesday decided to allocate export quotas of non-basmati white rice to Bhutan, Mauritius and Singapore, the government said in a statement. Exports of 79,000 metric tons of non-basmati white rice would be allowed to Bhutan, while export quotas of 50,000 tons and 14,000 tons, respectively, would be allocated for Singapore …
India allots rice export quotas to Bhutan, Singapore, and Mauritius Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares erased gains and settled near the session’s low on Wednesday as a rise in IT stocks on easing interest rate concerns in the United States was offset by a late slide in financials, dragged by private lender HDFC Bank on block deals. The Nifty 50 …
Indian shares flat as financials offset US data-powered IT Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened for the second day on Wednesday as U.S. dollar demand from importers and equity-related outflows pressured the domestic unit despite lower U.S. treasury yields and softness in the dollar. The rupee closed slightly lower at 82.7325, as compared to 82.7050 in the previous session. Asian …
Rupee ends weaker as dollar demand from importers, equity outflows exert pressure Read More »
BENGALURU (Reuters) -Walmart-owned Indian payments firm PhonePe on Wednesday said it had launched a stock broking platform Share.Market that went live with stocks and exchange trading funds, as it expanded its range of financial services. PhonePe, which already offers insurance policies and allows users to invest in mutual funds through its payments app, will look …
Indian payments firm PhonePe forays into online stock broking Read More »
NEW DELHI (Reuters) -India will buy oil from all sources that offer it at the “lowest possible prices”, the country’s oil minister told broadcaster ET Now on Wednesday. India has been buying crude oil from Russia, which is now its top oil supplier, at discounted prices since the west imposed import curbs following its invasion …
India will buy oil from anyone who offers the ‘lowest possible prices’ – minister Read More »
