By Seher Dareen (Reuters) – Gold prices extended gains to a second straight session on Thursday, boosted by a slide in Treasury yields after the U.S. Federal Reserve signalled an end to its monetary tightening cycle might be on the cards. Spot gold rose 1.2% to $1,993.09 per ounce by 2:59 p.m. ET (1859 GMT), …
BENGALURU (Reuters) – The launch of cheaper postpaid plans with unlimited 5G by Reliance’s Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday. Jio, the telecoms unit of Indian conglomerate Reliance Industries, launched new postpaid …
Reliance Jio’s new 5G plans may impact Bharti Airtel’s key metrics- JP Morgan Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares settled lower on Thursday, dragged by information technology stocks and financials, after the U.S. Federal Reserve reiterated its fight against inflation with a quarter-point rate hike even as it signalled that a pause in policy tightening could be near. After two sessions of gains, the Nifty 50 index …
IT, financials lead Indian shares lower after Fed rate hike Read More »
By Jayshree P Upadhyay (Reuters) – India’s market regulator is to take action against at least four companies alleged to have been pushing stock tips via social media without authorisation, documents reviewed by Reuters showed and two sources with direct knowledge of the matter said. The regulator’s action, which follow four earlier orders passed in …
Indian market watchdog speeds up action against social media stock tips – sources Read More »
JERUSALEM (Reuters) – El Al Israel Airlines said on Thursday it would resume flights to India in October after a three-year absence, citing shorter flight times due to the ability to fly over Saudi Arabia and Oman. Israel’s flag carrier will operate four weekly flights to Mumbai from Tel Aviv using Boeing 737 aircraft, with …
Israel’s El Al to resume India flights using Saudi corridor Read More »
BENGALURU (Reuters) – Maruti Suzuki India Ltd said on Thursday it would raise prices across models come April, as high domestic inflation and new emission norms pressure the country’s top car maker. The unit of Japan’s Suzuki Motor did not say how much prices of cars would go up by, or which models will be …
Maruti Suzuki India to hike prices to pass on input cost pressures Read More »
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – India has asked state-owned lenders to submit details of their bond portfolios ahead of a quarterly meeting between the government and banks this Saturday, amid the turmoil in global banks, seven bankers with direct knowledge of the matters told Reuters on Thursday. “The finance ministry has …
India seeks data on state-bank bond portfolios amid global banking turmoil – sources Read More »
BENGALURU (Reuters) -Indian billionaire Anil Agarwal-led Vedanta Ltd called talks of any stake sale in the mining major “untrue and baseless” on Thursday, after a media report said the tycoon was weighing selling less than 5% stake in the company. Bloomberg News reported citing people familiar with the matter that Agarwal was studying options including …
India’s Vedanta says talk of stake sale baseless as shares drop 6% Read More »
MUMBAI (Reuters) – The Indian rupee strengthened against the U.S. dollar on Thursday after the U.S. Federal Reserve hiked interest rates by 25 basis points (bps), as expected, but signalled the monetary tightening cycle may be coming to a close. The rupee opened at 82.3750 per dollar, its strongest level in a week. The currency …
Indian rupee firms as Fed hints hiking cycle near its end Read More »
By Bharat Gautam and Seher Dareen (Reuters) – Gold prices climbed on Wednesday after the U.S. Federal Reserve toned down its aggressive approach to reining in inflation in a widely anticipated policy statement, and indicated that an end to interest rate hikes was on the horizon. Spot gold was up 1.7% at $1,973.52 per ounce …
Gold jumps after US Fed signals rate-hike pause imminent Read More »
