By Seher Dareen (Reuters) – Gold dipped on Friday in a volatile week that saw bullion prices north of the key $2,000 figure as bank contagion fears bolstered both safe-haven demand and bets on a pause in Federal Reserve rate hikes. The U.S. dollar rose about 0.5%, making the greenback-priced gold more expensive among overseas …
Gold eases from key $2,000 level as dollar firms Read More »
By Hannah Lang WASHINGTON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid lingering nervousness over banks. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been …
Dollar outshines euro, sterling amid European bank jitters Read More »
By Mohi Narayan and Neha Arora NEW DELHI (Reuters) -Five Russia-bound containers from India’s Jindal Stainless Ltd (JSL) have been stuck at the Belgian port of Antwerp for around a year, unable to enter the European Union, the company said on Friday. “The containers are carrying around 100 metric tonnes of stainless steel,” a company …
Russia-bound Jindal containers stuck at Antwerp port for year -company Read More »
NEW DELHI (Reuters) -India has raised the securities transaction tax (STT) on futures and options contracts, the government said in amendments to the finance bill, 2023, passed on Friday. STT on options contracts were raised to 0.0625% from 0.05%, the finance ministry said, correcting figures issued in the finance bill earlier in the day. …
India hikes securities transaction tax on futures, options contract Read More »
By Nikunj Ohri NEW DELHI (Reuters) – The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a bid to lower concentration of risk following criticism of its investment in Adani group companies. After the Adani group lost over $100 billion …
India’s LIC plans investment exposure caps post Adani share rout- sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares extended losses for the third consecutive week as investors turned cautious after the government hiked securities transaction tax (STT) on futures and options contracts, while lingering concerns of contagion in the global banking sector weighed. The Nifty 50 index closed 0.77% lower at 16,945.05. The S&P BSE …
Indian shares fall for third week on STT hike on derivatives, banking concerns Read More »
NEW DELHI (Reuters) – India will tax investments in debt mutual funds as short-term capital gains, according to amendments to the finance bill passed in parliament on Friday, a move that could strip investors of the long-term tax benefits that made such investments popular. The change could spur growth in bank deposits, which have been …
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BENGALURU (Reuters) – The Indian stock market may outperform its Asian and emerging market peers in the long term as lofty valuations ease and investors look to bet on the economy’s growth prospects, brokerage group Jefferies said in a note. The benchmark Nifty 50 Index’s price-to-earnings premium to China’s Hang Seng Index declined to 115% …
Indian stocks may outperform Asian peers in long term – Jefferies Read More »
(Reuters) – India will tax investments in debt mutual funds as short-term capital gains, a source with knowledge of the matter said on Friday, a move that could strip investors of the long-term tax benefits that made such investments popular. The decision was moved as part of the finance bill amendments passed in parliament earlier …
Instant View: India removes long-term tax benefits for debt mutual funds – source Read More »
WASHINGTON (Reuters) – The IMF, World Bank and India, current president of the Group of 20 major economies, will convene a new sovereign debt roundtable again on April 3, an IMF official said on Thursday, with an eye to accelerating work on debt relief for countries in need. The gathering of deputies will be followed …
IMF sets next sovereign debt roundtable for April 3 Read More »
