CHENNAI (Reuters) – Ramco Cements reported an 18% fall in quarterly profit on Tuesday as a rise in fuel, power and other input costs outpaced demand at the Indian cement maker. Net profit after tax for Chennai, Tamil Nadu-based Ramco fell to 673.9 million rupees ($8.15 million) for the third quarter ended Dec. 31, from …
India’s Ramco Cements profit falls 18% as expenses surge Read More »
BENGALURU (Reuters) – India’s state-run Oil and Natural Gas Corp Ltd will explore investing in gas assets in Argentina, its chairman said on Tuesday. The company also signed a memorandum of understanding with Argentina’s state oil company YPF for hydrocarbon cooperation. “This is an enabling MoU. They have gas (assets)… so we will explore investing …
India’s ONGC to explore investing in Argentina gas assets Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s National Bank for Agriculture and Rural Development (NABARD) plans to raise funds by issuing its first-ever green bonds and could tap the market this month, three bankers aware of the development told Reuters on Tuesday. The state-run company is planning to raise between 30 billion rupees and 50 …
India’s NABARD aims to raise 30-50 billion rupees in debut green bond issue – sources Read More »
By Nidhi Verma BENGALURU, India (Reuters) -Petronet LNG, India’s top gas importer, will seek up to 1 million tonnes per annum (mtpa) in additional liquefied natural gas (LNG) supplies when it renews its long-term deal with Qatar, the company’s chief executive said on Tuesday. “We are seeking an additional 0.75 to 1 mtpa on top …
India’s Petronet seeks more LNG under long-term Qatar deal Read More »
By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82% in January versus December, …
Cryptoverse: Is bitcoin out of the woods? Consider the options Read More »
BENGALURU (Reuters) – Indian shares struggled for direction on Tuesday, see-sawing between optimism that the Reserve Bank of India will pause rate hikes after Wednesday, and worries that the Fed was likely to keep upping rates for longer. The Nifty 50 index was down 0.10% to 17,746.40, while the S&P BSE Sensex fell 0.17% to …
Indian shares struggle for direction ahead of RBI’s rate decision Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar jumped to a four-week high against the euro on Monday, as last week’s blockbuster U.S. jobs report raised the likelihood of the U.S. Federal Reserve keeping on with its inflation-fighting interest rate hikes for longer. The euro slipped 0.6% against the dollar to $1.0724, …
Dollar extends rebound as U.S. data supports; yen slips Read More »
By Seher Dareen (Reuters) – Gold edged higher on Monday, with investors banking on the precious metal’s safe-haven appeal as concerns about an economic slowdown linger, after a stronger dollar and higher Treasury yields nudged prices to a one-month low. Spot gold was up 0.2% to $1,868.96 per ounce by 2:37 p.m. ET (1937 GMT). …
Gold up from 1-month lows but stronger dollar, yields check gains Read More »
(Reuters) -Indian bourse National Stock Exchange of India (NSE) has revised the circuit limits of Adani Green Energy Ltd and Adani Transmission Ltd to 5%, according to data on its website on Monday. The NSE had revised the price bands of both companies to 10% from 20% last week. Stock exchanges set the circuit limits …
India’s NSE lowers price band on two Adani firms Read More »
By Nidhi Verma and Arunima Kumar BENGALURU, India (Reuters) -Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major Rosneft said on Monday, now Asia has emerged at the largest buyer of Russian oil since the West placed it under sanctions. Around 70% of …
Russia’s Sechin says Europe no longer sets Urals price Read More »
