By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was little changed on Tuesday after surrendering its opening gains due to the dollar demand from corporates, traders said. The rupee was at 82.6325 to the U.S. dollar by 10:46 a.m. IST, barely changed from the previous session. The currency had inched up to 82.5850 at …
Rupee flat as corporate dollar purchases counter weaker dollar Read More »
By Jayshree P Upadhyay (Reuters) – An investigation of India’s Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) launched the inquiry after …
Indian regulator’s probe faults Adani group on disclosure rules -sources Read More »
By Harshit Verma (Reuters) – Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook. Spot gold rose 0.3% to $1,919.41 per ounce by 1:45 p.m. EDT (1745 GMT). U.S. gold …
Gold firms as yields pull back, focus on US economic data Read More »
BENGALURU (Reuters) – U.S.-based private equity firm Tiger Global on Monday sold its remaining stake in Indian food delivery firm Zomato in a deal valued at 11.24 billion rupees ($136.08 million), according to exchange data. The private equity firm sold 123.5 million shares at 91.01 rupees per share through bulk deals, while Morgan Stanley Asia …
PE firm Tiger Global sells remaining stake in India’s Zomato in $136 million deal Read More »
By Nidhi Verma NEW DELHI (Reuters) – Reliance Industries Ltd will continue to operate its refineries and petrochemical projects profitably, even as fossil fuel demand wanes due to a gradual global shift to clean energy, Chairman Mukesh Ambani said on Friday. “We have already put in place a comprehensive strategy to ensure that all our …
Global clean energy shift won’t hit Reliance’s oil business- Ambani Read More »
By Munsif Vengattil and Dhanya Skariachan BENGALURU (Reuters) -India’s Reliance Industries Ltd on Monday appointed the three children of Chairman Mukesh Ambani as board directors at the oil-to-telecoms conglomerate, as the billionaire prepares to eventually hand over the reins. Ambani, Asia’s richest person, has previously said his children Isha, Akash and Anant would have significant …
India’s Reliance appoints Ambani children to board in succession plan Read More »
(This Aug. 26 story has been corrected to fix typos in paragraph 1 and 3 and IEA’s growth projection in paragraph 5) By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) – Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating …
BP urges more oil, gas investment while speeding energy transition Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian refiner Bharat Petroleum Corp plans to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net zero goal, Chairman G Krishnakumar said on Monday. Companies in India, the world’s third largest emitter of …
Indian refiner BPCL to spend $18.16 billion in oil, green energy over 5 years Read More »
By Savio Shetty MUMBAI (Reuters) – India’s inflation should be brought within the central bank’s 2%-6% tolerance band on a sustainable basis and its trajectory towards 4% must be “visible” before the war on inflation can be slackened, a monetary policy committee (MPC) member said on Monday. Led by vegetables, food inflation in India soared …
By Shivangi Acharya NEW DELHI (Reuters) – U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation’s new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement. Tai’s intervention comes amid worries the licensing regime could impact shipments from the likes of Apple and …
US trade chief flags concerns over India’s license mandate for laptop, tablet imports Read More »
