By Noel John and Sherin Elizabeth Varghese (Reuters) -Gold prices were on track for their steepest daily fall in five years on Tuesday, as investors booked profits after expectations of U.S. interest rate cuts and sustained safe-haven demand drove the metal to a record high in the previous session. Spot gold was down 5.5% to …
Gold retreats after record rally, on track for biggest daily drop since 2020 Read More »
NEW DELHI (Reuters) -India’s infrastructure output grew at its slowest pace in three months in September, weighed by a decline in coal, natural gas and refinery products. The index, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at 3% year-on-year in September versus a revised 6.5% growth …
India’s infrastructure output growth slows to three-month low in September Read More »
By Bharath Rajeswaran (Reuters) -India’s benchmarks inched higher in the special Diwali session on Tuesday, extending their recent rally on optimism over earnings and potential easing of U.S.-China trade tensions. The Nifty 50 rose 0.1% to 25,868.6 and the BSE Sensex rose 0.07% to 84,426.34, their highest close since September 2024. On the day, 12 …
Indian stock benchmarks inch higher to one-year highs in special Diwali session Read More »
By Jennifer Rigby LONDON (Reuters) -India has more work to do in halting sales of toxic cough syrup, despite some progress, a World Health Organization official told Reuters, after at least 24 children died following consumption of a domestically-made medicine. The children died after taking the Coldrif cough medicine made by Sresan Pharma, which tests …
WHO says India has much to do on toxic cough syrup despite some progress Read More »
By Hannah Lang (Reuters) -The dollar edged higher against the yen on Monday as investors shifted their focus to political developments in Japan and the euro area, while U.S. credit risk concerns lingered. The yen edged lower as hardline conservative Sanae Takaichi is almost certain to become Japan’s first female prime minister after a decisive parliamentary …
Dollar wavers with politics and trade tensions in focus Read More »
By Noel John and Pablo Sinha (Reuters) -Gold prices rose by over 2% on Monday, buoyed by expectations of further U.S. interest rate cuts and sustained safe-haven demand, as investors awaited upcoming U.S.-China trade talks and inflation data out of the U.S. this week. Spot gold was up 2.3% at $4,346.39 per ounce, as of …
Gold climbs on rate-cut bets, broader uncertainty; investors eye US-China trade talks Read More »
By Chandini Monnappa and Kashish Tandon BENGALURU (Reuters) -Ola Electric founder Bhavish Aggarwal and a senior executive have been named in a police complaint after an employee accused them of harassment in a 28-page note before dying by suicide, according to a copy of the police report seen by Reuters. The complaint, filed by the …
(Reuters) -The Reserve Bank of India sold a net of $7.7 billion in the spot foreign exchange market in August, data released on Monday showed, as the central bank looked to support the Indian rupee that fell 0.68% in the month. The RBI said in its monthly bulletin that it did not purchase any dollars …
India cenbank sold net $7.7 billion in August to arrest rupee’s fall, bulletin shows Read More »
MUMBAI (Reuters) -Flux in the global economy presents considerable challenges to the global macroeconomic outlook and the Indian economy is not immune, the central bank said in its monthly bulletin. But the domestic economy has so far exhibited resilience, it said, adding that low inflation, strong corporate and banking balance sheets are contributing to this. …
Indian economy not immune to global challenges, but resilient, cenbank report says Read More »
By Ashwin Manikandan and Nishit Navin NEW DELHI/MUMBAI (Reuters) -India’s Punjab National Bank (PNB) will face an estimated 90 billion-rupee ($1.03 billion) impact as the lender transitions to a central bank-mandated credit loss framework by 2031, its chief executive said on Monday. The country’s third-largest state-owned lender by market capitalisation is one of the first …
India’s PNB expects $1 billion hit in transition to new credit rules, CEO says Read More »
