By Brijesh Patel (Reuters) – Gold prices fell on Wednesday, weighed down by an uptick in the dollar and U.S. Treasury yields after minutes from the Federal Reserve’s June policy meeting cemented expectations that rates will stay higher for longer. Spot gold was down 0.5% at $1,916.49 per ounce by 02:32 p.m. EDT (1832 GMT). …
Gold slips as US dollar, yields rise after Fed minutes Read More »
(Reuters) – The Reserve Bank of India has allowed UBS-acquired Credit Suisse to retain the banking license in its name in India, ET Now reported on Wednesday. (Reporting by Chandni Shah in Bengaluru; Editing by Shweta Agarwal)
BENGALURU (Reuters) -Adani Wilmar said on Wednesday its first-quarter sales slumped 15% as a sharp fall in edible oil prices eclipsed strong consumer demand for its products. Edible oil prices have fallen more than 50% in less than a year, hit by lower consumer demand in developed economies, easing of supply in the Black Sea …
India’s Adani Wilmar Q1 sales down 15% on fall in edible oil prices Read More »
By Sethuraman N R BENGALURU (Reuters) – The Indian rupee on Wednesday logged its worst session in a month on persistent dollar demand from importers, while traders awaited minutes from the U.S. Federal Reserve’s June policy meeting for cues on the future rate hike path. The rupee ended down 0.25% at 82.2250 per dollar, compared …
Rupee logs worst session in a month; traders eye Fed minutes Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were little changed on Wednesday as a rise in auto and consumer stocks offset the slide in high-weightage financials. The Nifty index settled 0.05% higher at 19,398.50, while the S&P BSE Sensex fell 0.05% to 65,446.04. Both the indexes had hit all-time highs at each of the four …
Indian shares close flat as auto, consumer stocks offset slide in financials Read More »
By Neha Arora NEW DELHI (Reuters) – India’s finished steel purchases from China touched a six-year high in the first two months of the fiscal year beginning in April, according to provisional government data reviewed by Reuters, while its overall imports reached a three-year high. In April and May, China emerged as the second-biggest steel …
India’s April-May finished steel imports from China at six-year high Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India will put up barriers in green hydrogen trade in response to other nations imposing restrictions, the nation’s renewable energy ministry said at a conference on Wednesday. As one of the world’s biggest emitters of climate-warming gases, India is betting on green hydrogen to help cut its …
India will put retaliatory barriers on green hydrogen trade – minister Read More »
BENGALURU/CHENNAI (Reuters) -India’s Godrej Consumer Products on Wednesday estimated that its sales increased in the double-digit percentage range in the June quarter, led by strong demand for its home care and personal care products. Godrej Consumer said its India home care business unit, which houses the Goodknight and HIT brands, recorded double-digit volume growth in …
India’s Godrej Consumer Products estimates double-digit Q1 sales growth Read More »
DUBAI (Reuters) – Aster DM Healthcare on Wednesday confirmed that it was in discussions with Fajr Capital, as well as other parties, as part of exploring a potential carve-out of its Gulf business. Reuters reported on Tuesday that private equity firm Fajr is in exclusive talks to buy a majority stake in Aster’s Gulf business, …
Aster DM Healthcare confirms talks with Fajr Capital, others on Gulf business Read More »
By Anant Chandak BENGALURU (Reuters) – India’s service sector growth weakened to a three-month low but remained resilient in June amid strong demand, according to a private business survey on Wednesday, despite prices rising at their quickest pace in nearly six years. Sustained growth in the sector, which accounts for around 60% of overall output, …
India June services growth remained strong despite high price inflation Read More »
