(Reuters) – The Reserve Bank of India hiked its key repo rate by 25 basis points (bps) on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation. Most analysts had …
Instant View:- India cenbank raises rates by 25 bps as widely expected Read More »
MUMBAI (Reuters) – The Reserve Bank of India will soon issue guidelines for regulated entities to boost green finance and mitigate climate-related financial risks, the central bank governor said on Wednesday. “It has been decided to issue guidelines for regulated entities on one, a broad framework for acceptance of green deposits, two, disclosure framework for …
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By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal Reserve chair to be dovish, even after he reiterated fighting inflation will require higher interest rates and more time. Powell said disinflation has started and …
Stocks rise, dollar slips on Powell comments seen as dovish Read More »
By Seher Dareen and Bharat Gautam (Reuters) – Gold eked out gains on Tuesday, tracking a slight pullback in the dollar and as investors digested comments from U.S. Federal Reserve Chair Jerome Powell on the outlook for rate-hike policy. Spot gold rose 0.2% to $1,870.49 per ounce by 2:02 p.m. ET (1902 GMT). U.S. gold …
Gold up as dollar cedes ground after Fed chief Powell’s comments Read More »
BENGALURU (Reuters) -India’s Adani Green said on Tuesday its profit jumped more than two-fold in the third quarter, as the total power it supplied to customers increased. Adani Green is one of several Adani Group companies caught in the eye of a storm since Jan. 24 when U.S.-based short-seller Hindenburg Research raised concerns on the …
India’s Adani Green posts surge in quarterly profit on higher power supply Read More »
By Mohi Narayan and Sakshi Dayal BENGALURU (Reuters) – Adani Total Private Ltd expects to receive 2.2 million tonnes of liquefied natural gas (LNG) at its terminal at Dhamra on India’s eastern coast during the year ending March 2024, the company’s chief executive told Reuters on Tuesday. Adani Total has a 20-year take-or-pay contract to …
Adani Total expects to receive 2.2 million T at Dhamra LNG terminal in FY24 Read More »
By Sethuraman N R and Aditya Kalra BENGALURU (Reuters) -India’s Adani Group is considering independent evaluation of issues relating to legal compliance, related party transactions and internal controls following a U.S. short-seller’s critical report on its businesses, disclosures showed on Tuesday. The group, led by billionaire Gautam Adani, has been roiled by days of market …
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(Reuters) – India’s Chambal Fertilisers and Chemicals Ltd reported a near 26% slump in quarterly profit on Tuesday after a weak demand due to erratic monsoon led to a pile-up of unsold stock. The agro-products manufacturer’s consolidated net profit fell to 3.24 billion rupees ($39.18 million) for the three months ended Dec. 31, from 4.35 …
India’s Chambal Fertilisers posts Q3 profit drop on high inventory costs Read More »
BENGALURU (Reuters) – Kalyan Jewellers India Ltd reported a near 11% rise in quarterly profit on improved demand during the festive season and said the ongoing wedding season is pushing sales higher. Demand picked up in the quarter during the festive season when Indians spend heavily on big-ticket items such as cars, electronic appliances, and …
India’s Kalyan Jewellers Q3 profit rises on strong festive demand Read More »
BENGALURU (Reuters) – Adani Ports and Special Economic Zone Ltd, part of the embattled Adani Group, posted a lower quarterly profit on Tuesday as forex losses soared, and said it would pay back about 13% of its outstanding debt next fiscal and halve its capital expenses. The company, India’s largest private port operator, is one …
India’s Adani Ports says Q3 profit drops; to cut capex, repay debt next year Read More »
