By Arundhati Sarkar (Reuters) -Gold prices ticked down in light trade on Monday pressured by a stronger dollar, as investors assessed the path ahead for interest rates following hawkish remarks from U.S. Federal Reserve policymakers. Spot gold fell 0.1% to $1,955.49 per ounce by 0249 GMT. U.S. gold futures eased 0.2% to $1,967.60. The dollar …
Gold ticks lower, traders assess Fed rate trajectory Read More »
By Dharamraj Dhutia and Sethuraman N R MUMBAI (Reuters) – The Indian rupee will likely extend its gains this week due to persistent dollar inflows, although demand from importers could cap the rise, while government bond yields could edge higher after the hawkish comments from major global central banks. The rupee gained 0.6% to end …
Indian rupee to extend gains, bond yield seen edging higher Read More »
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology, JLR said, will allow it to monitor its supply chain …
JLR taps Everstream Analytics’ AI to dodge supply chain problems Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on …
Marketmind: Investors look ahead to China rate decision Read More »
(Reuters) – (This June 17 story has been corrected throughout to show comments were from Indian Oil executive, not head of ONGC, as erroneously reported by Interfax news agency; and adds quotes from online broadcast of the panel) Russia may account for almost a third of Indian Oil’s crude oil imports in the current financial …
Indian Oil exec expects Russia to make up 30% of company’s imports this year Read More »
NEW DELHI (Reuters) – The Indian government said on Sunday that its net direct tax receipts rose 11% year-on-year to 3.80 trillion Indian rupees ($46.39 billion) from April 1-June 17. Tax receipts include tax paid by corporates of 1.57 trillion rupees and personal income tax of Rs 2.22 trillion rupees, a Ministry of Finance statement …
India government direct tax collections rise 11% in April-June Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices were choppy on Friday as investors juggled a hawkish Federal Reserve outlook on interest rates, which offset support from the dollar’s overall retreat this week. Spot gold edged up 0.1% to $1,958.83 per ounce by 12 p.m. EDT (1800 GMT), en route to a 0.1% weekly dip. …
Gold wobbles as traders juggle hawkish Fed, weaker dollar Read More »
By Nikunj Ohri NEW DELHI (Reuters) -The Indian government held talks on the state of its economy with Moody’s Investors Service on Friday and pitched for a ratings upgrade, two officials said. Moody’s rates India at the lowest investment grade of “Baa3” with a “stable” outlook, similar to those assigned by S&P and Fitch at …
India talks economy with Moody’s, pitches for ratings upgrade – sources Read More »
By Sarah El Safty, Shivangi Acharya and Nadine Awadalla CAIRO/NEW DELHI (Reuters) – India is weighing a proposal to begin barter trade in goods like fertiliser and gas with Egypt as part of a wider deal that could see New Delhi extending a credit line worth several billion dollars to Cairo, sources told Reuters. An …
India weighs barter trade with crisis-hit Egypt in credit line talks – sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s Nifty 50 and Sensex stock indexes logged new closing highs on Friday and posted gains for the fourth week in a row, as U.S. data boosted bets that the Federal Reserve may be less hawkish than expected. The blue-chip Nifty index closed 0.74% up at 18,826.00, while the benchmark …
India’s Nifty 50, Sensex hit fresh closing highs Read More »
