MUMBAI (Reuters) – The Indian central bank is likely selling dollars via state-run banks to prevent the rupee from slipping to a record low, three traders told Reuters on Monday. The rupee was at 83.0850 to the dollar, marginally higher than its close of 83.1025 on Friday. The Reserve Bank of India (RBI) likely sold …
India central bank likely sold dollars via state-run banks –traders Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors’ (FPIs) purchases of Indian shares fell to a five-month low in the first half of August, amid declines in domestic and global equities due to rising interest rate concerns in the U.S. and worries over China’s economy. FPIs bought shares worth 7.37 billion rupees on a …
FPI buying in Indian shares falls in first half of August Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India will impose with immediate effect a 40% export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the vegetable, the ministry of finance said in a notification on Saturday. The duty imposed by the world’s biggest exporter of onions will help New Delhi …
India imposes 40% export duty on onions to calm rising prices Read More »
MUMBAI (Reuters) – Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore ‘Block 128’ in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter. Conflicting territorial claims over South China Sea stretch back many decades but have intensified in recent years …
Indian energy company ONGC Videsh secures 3-yr extension to explore South China Sea Read More »
MUMBAI (Reuters) – The Indian government has set an emission limit of two kilogram carbon-dioxide for every kilogram of hydrogen produced to be classified as “green” from renewable sources, the Ministry of New and Renewable Energy said on Saturday. It said in a statement its notification would bring widely-awaited clarity for green hydrogen production in …
India govt sets emission limit for hydrogen to qualify as ‘green’ Read More »
(Reuters) – Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a …
GQG Partners buys additional stake in Adani Ports Read More »
MUMBAI (Reuters) -India’s Tata Group-owned Titan Co will raise its stake in its subsidiary CaratLane Trading by 27.2% for 46.21 billion rupees ($555.8 million), the parent company said in an exchange filing on Saturday. Titan has entered into a share purchase agreement to acquire all the 91,90,327 equity shares held by the founder of CaratLane …
India’s Titan Co to pay $560 million to raise stake in CaratLane Read More »
BENGALURU (Reuters) – India’s Mahindra and Mahindra said on Friday it would inspect 108,306 units of its XUV700 sports utility vehicle manufactured between June 8, 2021 and June 28, 2023 for a potential risk of damage to the wiring loom. XUV is among SUVs such as Scorpio and Thar manufactured by Mahindra, India’s second-largest maker …
India’s Mahindra to inspect over 100,000 XUVs for potential wiring issue Read More »
By Seher Dareen (Reuters) – Gold was little changed on Friday, but bullion was bound for its third straight weekly dip as recent sound U.S. economic data raised bets for interest rates staying higher for longer. Spot gold was steady at $1,887.79 per ounce by 2:22 p.m. ET (1822 GMT), down 1.4% for the week …
Gold bound for weekly dip on bets for higher-for-longer rates Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – Indian farmers have planted 36.1 million hectares (89.2 million acres) with rice, up 4.3% on the same period last year, farm ministry data showed on Friday, as ample monsoon rains in July and higher prices helped boost acreage. Higher rice planting in India, the world’s second biggest producer …
Indian farmers plant 4.3% more land with rice than last year Read More »
