MUMBAI (Reuters) – More than two dozen mills in India’s top sugar producing state of Maharashtra had stopped cane crushing by the end of February, nearly two months earlier than last year, due to adverse weather, a senior state government official said. The early closures suggest Maharashtra will produce far less sugar than the initial …
Over two dozen sugar mills close early in India’s Maharashtra state Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.2% at $1,832.60 per ounce as of 0845 GMT, after …
Gold loses steam as dollar turns higher, rate worries persist Read More »
By Nikunj Ohri and Sarita Chaganti Singh (Reuters) – The Indian government has written to the markets regulator underscoring its opposition to Hindustan Zinc’s plans to buy two Vedanta Group subsidiaries, three government officials said on Thursday. The board of Hindustan Zinc (HZL) – in which the government is the largest minority shareholder with a …
India writes to markets regulator opposing Hindustan Zinc-Vedanta deal- sources Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) -India’s top court on Thursday asked the market regulator to investigate any possible lapses in securities law or other regulatory disclosures by the Adani group that has been hard by allegations of business malpractice by a U.S. short seller. The Supreme Court of India also ordered the formation of …
India court asks regulator to check on Adani’s related party transactions Read More »
(Reuters) – India’s market regulator on Thursday passed two interim orders against entities that used YouTube channels to manipulate stocks, barring them from the capital markets. The Securities and Exchange Board of India (SEBI), in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks. These entities – a …
India’s market regulator cracks down on stock manipulation via YouTube Read More »
By Nandan Mandayam BENGALURU (Reuters) – Two of India’s top three listed bike makers beat domestic sales estimates in February as chip supply shortages eased, while passenger vehicle sales continued to grow on the back of demand for utility vehicles. Domestic two-wheeler sales, which is indicative of the financial health of India’s rural economy and …
India’s Feb bike sales climb on wedding demand, easing chip shortages Read More »
(Reuters) – Crude oil processed by Indian refiners reached record levels in January, provisional government data showed on Wednesday, as the country boosted shipments of lucrative Russian barrels that Western countries shunned. Refinery throughput at 5.39 million barrels per day (22.80 million tonnes) for January was the highest since Reuters records going back to 2009. …
Indian refiners churn record amounts of crude in January Read More »
By Seher Dareen (Reuters) – Gold prices gained 1% on Wednesday as strong Chinese economic data dented the dollar and drove some bets for better physical demand from the top bullion consumer, although the risk of rising U.S. interest rates capped gains. Spot gold was up 0.6% at $1,838.20 per ounce by 02:05 p.m. ET …
Gold scales 1-week peak as dollar slides on robust China data Read More »
By Rupam Jain and Neha Arora NEW DELHI (Reuters) – The year-long Russian war in Ukraine took centre stage on the eve of a G20 foreign ministers’ meeting in New Delhi on Wednesday with the EU foreign policy chief saying its success would be measured by what it could do to help end the conflict. …
EU, Russia take strong positions as Ukraine takes centre stage at G20 Read More »
By Rupam Jain NEW DELHI (Reuters) -Russian Foreign Minister Sergei Lavrov held talks with his Indian counterpart on Wednesday, a day before attending the G20 foreign ministers’ meeting in India, which has kept a largely neutral stance on Russia’s invasion of Ukraine. India has declined to blame Russia for the war, seeking a diplomatic solution …
Russia’s Lavrov meets Indian counterpart ahead of G20 talks Read More »
