By Sherin Elizabeth Varghese (Reuters) -Gold hit a record high for the fourth straight session on Thursday and soared past $4,300 an ounce as investors flocked to the safe-haven metal on brewing U.S.-China trade tensions and the U.S. government shutdown, with rate cut bets fueling the momentum. Spot gold was up 2.6% at $4,316.99 per …
Safe-haven surge, Fed rate-cut bets drive gold beyond $4,300/oz Read More »
(Reuters) -Gold soared past $4,300 an ounce for the first time on Thursday as tensions between the U.S. and China pushed investors to safe haven assets, while rising expectations of a Federal Reserve rate cut this month amplified the momentum. Spot gold hit a record $4,312.00 per ounce while U.S. gold futures for December also …
Gold marches past $4,300/oz on Fed rate cut bets, Sino-U.S. tensions Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Indian IT firms Infosys, Wipro and LTIMindtree beat estimates for quarterly revenue on Thursday and pointed to improving demand in the back half of the year as clients show more willingness to fund AI projects. Their upbeat results follow a strong showing by market leader Tata …
India’s IT sector shows signs of demand recovery as clients warm up to AI projects Read More »
By Aleef Jahan C S and Komal Salecha (Reuters) -India’s Zee Entertainment Enterprises said on Thursday its full-year profit margin and advertising growth targets look challenging to meet after quarterly profit fell more than 60% as advertising sentiment remains weak. The broadcaster’s 8–10% ad revenue growth goal for the year “looks a bit difficult” to …
Indian broadcaster Zee says meeting margin, ad goals ‘difficult’ after profit drop Read More »
(Reuters) -Metro Brands missed its second-quarter profit estimates on Thursday, as footwear demand softened in anticipation of India’s consumption tax cuts. The firm, which sells Crocs and Fila besides its own brands, posted consolidated quarterly profit of 676.9 million rupees ($7.69 million), missing analysts’ expectation of 822.6 million rupees, according to data compiled by LSEG. …
India’s Metro Brands misses profit view as footwear demand slipped ahead of tax cuts Read More »
NEW DELHI (Reuters) -India’s federal power regulator on Thursday launched a probe into alleged insider trading in Indian Energy Exchange (IEX) shares by some of its employees, after receiving an interim order from the Securities and Exchange Board of India (SEBI). SEBI, in a late‑Wednesday order, alleged two Central Electricty Regulatory Commision (CERC) officials traded …
India power regulator opens probe into alleged insider trading Read More »
BENGALURU (Reuters) -India’s Zepto has raised $450 million, it said on Thursday, valuing the quick commerce platform at $7 billion in a booming market driven by urban demand and rapid digital adoption. Urban consumers are increasingly embracing quick commerce – the delivery of groceries and daily essentials in under 10 minutes, disrupting traditional mom-and-pop stores …
India’s Zepto raises $450 million at $7 billion valuation amid quick commerce boom Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Gold smuggling into India has spiked ahead of key festivals, government and industry officials told Reuters, in response to record-high prices and a supply crunch. Smuggling of gold into the world’s second biggest buyer of the precious metal had fallen after the government slashed import taxes on it to 6% …
Gold smuggling surges in India as price spikes before festivals Read More »
(Corrects headline, paragraph 1 to say net profit was down 28.8%, not 40%, paragraph 3 to say revenue was down 3.7% to 17.81 bln rupees, not down 1% to 18.31 bln rupees) (Reuters) -India’ Cyient on Thursday reported a 28.8% fall in profit, as a higher wage bill in a seasonally tough quarter weighed on …
India’s Cyient posts 28.8% profit drop in seasonally challenging second-quarter Read More »
NEW DELHI (Reuters) -India’s foreign ministry said on Thursday that it was not aware of any telephone conversation between Prime Minister Narendra Modi and U.S. President Donald Trump on Wednesday. Trump said on Wednesday that Modi “assured me today” that India will not be buying oil from Russia. (Reporting by Shivam Patel; writing by Sudipto …
Not aware of any Modi-Trump conversation on Wednesday, India’s foreign ministry says Read More »
