By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee edged higher against the U.S. currency on Wednesday, tracking recovery in wider Asian markets, but gave up opening gains on importer-led dollar buying. The rupee traded at 82.45 per dollar by 10:50 a.m. IST after opening at 82.31, compared with 82.49 in the previous session. The …
Rupee retreats from opening highs on dollar demand Read More »
By Nishit Navin and Bharath Rajeswaran BENGALURU (Reuters) – Indian shares rose on Wednesday, tracking a rebound in global markets after U.S. inflation data came in line with expectations, improving the odds of a smaller rate hike at the upcoming Federal Reserve meeting. The Nifty 50 index gained 0.43% to 17,115.85, while the S&P BSE …
Indian shares advance as US data ups smaller rate-hike bets Read More »
By Nikunj Ohri NEW DELHI (Reuters) – The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands by insurance companies to reconsider the move. The government, presenting the 2023/24 budget on Feb. 1, said it …
India govt unlikely to roll back tax plan on high-value life insurance-sources Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, according to two people and a government document seen by Reuters. The plan for new rules, details of which have …
India plans new security testing for smartphones, crackdown on pre-installed apps Read More »
By Bharat Gautam (Reuters) – Gold fell on Tuesday as a rise in Treasury yields took the shine off bullion’s recent rise that was driven by the U.S. banking crisis, while an uptick in U.S. inflation in February raised more questions than answers on interest rates. Spot gold fell 0.2% to $1,909.55 per ounce by …
Gold’s crisis-driven surge halted by rising U.S. bond yields Read More »
(Reuters) -Honeywell International Inc said on Tuesday that Vimal Kapur, who has more than three decades of experience leading the diversified manufacturer’s various businesses, will succeed Darius Adamczyk as chief executive. The 57-year-old Kapur will take over the top role on June 1, roughly 10 months after he was appointed Honeywell’s president and chief operating …
Honeywell company veteran Kapur to replace Adamczyk as CEO Read More »
BENGALURU (Reuters) -India’s competition regulator said on Tuesday that it has cleared Reliance Industries Ltd’s 28.50 billion rupees ($346.16 million) acquisition of the Indian business of German retailer Metro AG. The deal, announced nearly three months ago, will help Reliance strengthen its wholesale format and cement its position as the biggest player in India’s burgeoning …
Indian regulator clears Reliance’s over $300 million buy of Metro’s local business Read More »
By Sheila Dang (Reuters) – Koo, an India-based social media app that aims to rival Twitter, has integrated OpenAI’s ChatGPT to help users more easily create posts, the company’s co-founder told Reuters. ChatGPT is an artificial intelligence bot that can create prose in response to prompts and has set off a tech industry craze over …
Twitter rival Koo integrates ChatGPT to help users create content Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares hit a five-month low on Tuesday as the relentless selling continued for a fourth session over a U.S. banking crisis that sparked a global selloff among lenders. The Nifty 50 index closed down 0.65% at 17,043.30, while the S&P BSE Sensex fell 0.6% to 57,900.19. The …
Indian shares hit 5-mth low on worries over U.S. banking crisis Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee posted its worst performance against the dollar in five weeks on Tuesday, as fears of contagion from the collapse of Silicon Valley Bank (SVB) weighed on risk sentiment ahead of a key U.S. inflation data. The rupee ended down 0.44% at 82.49 per dollar, marking its …
Rupee logs worst day in five weeks as SVB crisis roils sentiment Read More »
