By Aditi Shah and Tim Hepher BENGALURU/PARIS (Reuters) -Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters. The deal, …
Air India seals record order for about 500 jets from Airbus, Boeing -sources Read More »
By Davide Barbuscia and Carolina Mandl (Reuters) -Some investors planning to take advantage of recent price swings in dollar bonds issued by India’s troubled Adani Group are struggling to find counterparties, which is preventing them from buying more paper or betting on further drops in value. Dollar bonds issued by Adani Group entities fell sharply …
Tight liquidity makes Adani dollar bonds a tough buy or sell Read More »
By Tanvi Mehta, Scott Murdoch and Rodrigo Campos NEW DELHI/SYDNEY/NEW YORK (Reuters) – Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller’s report. New York-based …
Adani crisis deepens with Moody’s downgrades and index weighting cuts Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel. Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 …
Oil prices rise over 2% on Russian plan to cut output Read More »
By Seher Dareen (Reuters) – Gold inched higher on Friday while markets awaited next week’s U.S. inflation data that could influence the Federal Reserve’s monetary policy trajectory. Spot gold was up 0.2% to $1,864.10 per ounce by 2:34 p.m. EST (1934 GMT). U.S. gold futures for February delivery settled 0.2% lower at $1,874.50 per ounce. …
Gold inches higher as market looks to U.S. inflation data next week Read More »
BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra Ltd reported a 15% rise in third-quarter profit on Friday, helped by strong demand for its new range of sports utility vehicles (SUV) and tractors, but flagged concerns about shortage of certain components. Mahindra, known for XUV, Thar and Scorpio cars, said profit rose to 15.28 billion rupees …
Indian automaker Mahindra’s Q3 profit rises on SUV, tractor demand Read More »
By Siddhi Nayak MUMBAI (Reuters) – India’s National Bank for Financing Infrastructure Development (NaBFID) is looking to raise 50 billion rupees($606.38 million) through its maiden bond issue in the April-June quarter, a senior official said on Friday. The funds will likely be raised through long-term infrastructure bonds, managing director and chief executive officer Rajkiran Rai …
India’s infrastructure bank set to make bond market debut in April-June Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s attractive “carry” relative to other Asian markets and muted volatility could lead to a pickup in dollar inflows into the debt market, supporting the local currency, analysts said. Carry trades involve investors using a lower-yielding currency to buy high-yielding units. The Reserve Bank of India’s hawkish …
Indian rupee’s ‘carry’ appeal to boost debt inflows – analysts Read More »
NEW DELHI (Reuters) – India’s Goods and Services Tax (GST) Council will decide whether to cut tax rates on cement after an expert team submits its recommendation, the chairperson of the Central Board of Indirect Taxes and Customs said on Friday. The fitment committee, which looks at the impact of rate changes, will meet to …
India’s GST Council will decide on cement tax rate after expert study Read More »
By Giulio Piovaccari TRAVAGLIATO, Italy (Reuters) – By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group are helping carmakers to simplify manufacturing and cut costs by up to 40% in some areas. Tesla has pioneered the use of massive casting …
Gigapresses – the giant die casts reshaping car manufacturing Read More »
