By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell across the board on Thursday, moving in line with lower Treasury yields, as investors stuck to their views that the Federal Reserve does not need to raise interest rates any more than it should as inflation is starting to get under control. The Swedish …
U.S. dollar falters as Fed outlook weighs; focus on next week’s inflation data Read More »
By Seher Dareen (Reuters) – Gold prices fell on Thursday as investors braced for more interest-rate hikes from the U.S. Federal Reserve, with focus now turning to inflation data due next week that could be an important factor for the central bank’s monetary policy plans. Spot gold fell 0.5% to $1,865.60 per ounce by 2:09 …
Gold dips with more Fed rate hikes in the offing; CPI to be key Read More »
By Ross Kerber and Tommy Wilkes (Reuters) – Sustainalytics downgraded corporate governance-related scores for three of India’s Adani Group companies on ethics concerns, the sustainability ratings company said on Wednesday, citing questions a short-seller raised last month. The lowered scores, including for Adani Green Energy and Adani Transmission, come after a Jan. 24 report from …
Sustainalytics downgrades three Adani companies’ governance scores Read More »
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -India’s Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies’ securities. Billionaire Gautam Adani has seen some $110 billion wiped off the value of seven firms in the group he …
Adani faces fresh risk as MSCI examines free float of its stocks Read More »
By Nikunj Ohri and Nandan Mandayam BENGALURU (Reuters) -Life Insurance Corporation of India (LIC) <LIFI.NS> on Thursday reported a 27-fold surge in quarterly profit as it recognised a large gain due to changes in its accounting policy, and said it has not made provisions for debt held in the embattled Adani Group. LIC, which has …
India’s LIC posts surge in profit, says no provisions for Adani debt Read More »
BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra Ltd said on Thursday it will invest 10 billion rupees ($121 million) to set up a manufacturing facility in the southern state of Telangana to make electric three- and four-wheelers. The investment will be made over eight years at the company’s Zaheerabad plant to develop its last mile …
India’s Mahindra to invest $121 million to set up EV facility in Telangana state Read More »
CHENNAI (Reuters) – Indian tyremaker MRF reported a 16% jump in quarterly profit on Thursday, as raw material prices eased and a pickup in economic activity led to higher demand for its now-pricier tyres. Standalone profit from continuing operations was 1.69 billion rupees ($20.46 million) for the third quarter ended Dec. 31, according to an …
India’s MRF reports Q3 profit jump on softer raw material prices, solid demand Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds jumped nearly 72% to 125.47 billion rupees ($1.52 billion)in January, their highest in four months, data from the Association of Mutual Funds in India (AMFI) showed. Net equity inflows rises to four-month high in January https://www.reuters.com/graphics/EQINFLOWS-JAN/JAN-EQINFLOWS/dwpkdeqzrvm/chart.png The inflows had more than tripled in …
India equity mutual fund inflows hit four-month high in January – industry data Read More »
NEW DELHI (Reuters) – India’s finance minister told the chief of the International Monetary Fund on Thursday that debt discussions would be at the forefront during a meeting of G20 finance officials later this month. Indian Finance Minister Nirmala Sitharaman and IMF’s Kristalina Georgieva also discussed regulating crypto assets. (Reporting by Tanvi Mehta; Editing by …
India says debt talks in focus at G20 finance meet Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee declined against the U.S. dollar on Thursday, tracking most of its Asian peers, after U.S. Federal Reserve officials said they were likely to continue raising rates for longer. The rupee was trading at 82.61 per dollar by 10:38 a.m. IST, against its previous close of 82.4925. …
Rupee slips as Asian peers weaken on hawkish Fed remarks Read More »
