By Arundhati Sarkar (Reuters) – Gold prices steadied in a tight range on Tuesday as optimism that the U.S. central bank will not hike interest rates this month kept the dollar under pressure. Spot gold held its ground at $1,960.89 per ounce by 0239 GMT. U.S. gold futures edged 0.1% higher to $1,976.80. The dollar …
Gold holds ground on softer dollar, rate-hike pause bets Read More »
BENGALURU (Reuters) – Indian ports-to-power conglomerate Adani Group has completed a $2.65 billion deleveraging program, it said on Monday in its credit update for fiscal 2023. The group’s shares have lost more than $110 billion in value since January, when U.S. short-seller Hindenburg Research alleged it had indulged in stock manipulation and improper use of …
India’s Adani Group completes $2.65 billion deleveraging program Read More »
(Reuters) -Apple Inc shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although the company’s market value remained short of an all-time peak of $3 trillion. Apple is expected to launch a mixed-reality headset at its Worldwide Developers Conference (WWDC) later in the …
Apple shares notch all-time high ahead of developer conference Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares settled higher on Monday, propped by sustained gains in auto stocks and on stronger bets that the Federal Reserve may skip an interest rate hike later this month. The blue-chip Nifty 50 index closed 0.32% higher at 18,593.85, while the benchmark S&P BSE Sensex finished 0.38% up to …
Indian shares end higher on hopes of Fed rate hike pause Read More »
BENGALURU (Reuters) – Indian edtech company Byju’s on Monday said it will take its educational institute Aakash Education Services public through an initial public offering (IPO) by mid-2024. (Reporting by Varun Vyas in Bengaluru; Editing by Nivedita Bhattacharjee)
MUMBAI (Reuters) – The boards of Indian banks should address gaps in governance frameworks, including ensuring appropriate risk management practices and adhering to acceptable customer and market conduct, a deputy governor of the Reserve Bank of India (RBI) said in a speech in May. Boards should set clear expectations for management and should require reports …
India central bank deputy urges banks to address gaps in governance framework Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined on Monday and far forward premiums dropped to the lowest level this year, tracking the move up in U.S. yields post the jobs report. The rupee was quoting at 82.5550 to the U.S. dollar by 10:50 IST, down from 82.3050 in the previous session. The …
Rupee drops, premiums plunge on jump in US yields Read More »
By M. Sriram NEW DELHI (Reuters) – Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal’s closure by July, three people with direct knowledge said. The Indian REIT of one of the world’s largest alternative asset groups Brookfield …
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s dominant services sector activity slowed slightly last month but held at a firm pace as demand remained strong despite high inflationary pressures, a business survey showed on Monday. The S&P Global India services Purchasing Managers’ Index fell to 61.2 in May from 62.0 in April, but …
India’s services growth defies inflation pressures – PMI Read More »
By Vivek Mishra BENGALURU (Reuters) – Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found. A surge in savings and minimal income disruption to cash-rich home buyers during the pandemic led to …
India home prices set to stay above inflation: Reuters poll Read More »
