BENGALURU (Reuters) – Indian shares opened higher on Tuesday, tracking the gains in global equities ahead of U.S. inflation data due later in the day, while fears of further rate hikes after domestic retail inflation in January rose above the Reserve Bank of India’s upper threshold capped the move up. The Nifty 50 index was …
Indian shares rise ahead of U.S. inflation data; IT stocks gain Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – U.S. firm Epic Games is challenging Google in an Indian tribunal for not complying with some portions of an antitrust directive, alleging that the tech giant is not hosting the gaming company’s app store on Google’s Play Store app. Epic’s claims are the latest legal …
Epic Games alleges Google not complying with Indian antitrust order Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s one-year overnight indexed swap (OIS) rate, often seen as the clearest indication of future policy rates, rose to the highest level in three months, signalling that another interest rate hike is likely in April, analysts said. The jump in rates followed a higher-than-expected increase in retail inflation in …
India’s one-year OIS spikes signalling April rate hike – analysts Read More »
NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in January to 4.73% year-on-year, on cooling prices of some raw materials, government data showed on Tuesday. The reading was below the 4.95% rate recorded in the previous month but was higher than the Reuters poll forecast of 4.54%. Fuel and power inflation in …
India’s Jan wholesale inflation eases on cooling of some raw material prices Read More »
By Aditya Kalra and Greg Roumeliotis NEW DELHI/NEW YORK (Reuters) – India’s Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies in a bid to discredit claims by short-seller Hindenburg Research that have battered its stocks and bonds, two people familiar with the matter said on Monday. The …
Adani hires Grant Thornton for some independent audits after Hindenburg fallout -sources Read More »
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food …
Love in a time of inflation: how much will Valentine’s Day set you back? Read More »
By Seher Dareen (Reuters) – Gold prices dipped on Monday as investors braced for much awaited U.S. January consumer price index data that could steer the Federal Reserve’s rate-hike strategy. Spot gold fell 0.5% to $1,854.79 per ounce by 1:42 p.m. ET (1842 GMT), while U.S. gold futures settled 0.6% lower at $1,863.50. Gold was …
By Arpan Chaturvedi, Aditya Kalra and Jayshree P Upadhyay NEW DELHI (Reuters) – Adani Group sought to reassure investors on Monday, saying it had strong cashflows and its business plans were fully funded, as an Indian regulator confirmed it was investigating a critical report by a short-seller that has battered the group’s stocks. Led by …
India’s Adani tries to calm investors as regulator confirms probe Read More »
BENGALURU (Reuters) – Indian luxury auto dealer Landmark Cars reported a 37% jump in quarterly profit in its first earnings report since going public, driven by the strong demand for premium cars. The South Asian country, once a small and low-cost car market, is seeing a sharp expansion in demand for premium models with a …
India’s Landmark Cars profit jumps 37% in first earnings since listing Read More »
By Aftab Ahmed and Sarita Chaganti Singh (Reuters) – India’s annual retail inflation in January rose above the central bank’s upper threshold for the first time in three months, on higher food prices, vindicating last week’s hawkish monetary policy stance. India’s annual retail inflation rate rose to 6.52% in January from 5.72% in December, government …
India’s retail inflation breaches RBI’s tolerance level first time since October Read More »
