By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee weakened on Tuesday, slipping back towards the 82 per dollar mark, as the greenback broadly rebounded and Asian currencies weakened. The rupee was trading at 81.84 per dollar by 9:37 a.m. IST, compared to its previous close of 81.6125. The currency saw its worst session in …
Rupee edges lower towards 82/USD as Asian currencies drop Read More »
By Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) – Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly …
Exclusive-Indian, European oil firms evaluating bids for Guyana blocks Read More »
By Kavya Guduru (Reuters) – Gold prices edged lower from a more than eight-month high on Monday, but held above the key $1,900 per ounce level on expectations that the U.S. Federal Reserve will be less aggressive on raising interest rates. Spot gold fell 0.3% to $1,914.16 per ounce by 1:47 p.m. ET (1847 GMT), …
Gold rally takes a breather as dollar regains some ground Read More »
(Reuters) -India has cut its windfall tax on crude oil and exports of aviation turbine fuel (ATF) and diesel, according to a government notification dated Jan. 16. It cut its windfall tax on crude to 1,900 rupees ($23.28) per tonne from 2,100 rupees per tonne, effective Tuesday. The government also cut export tax on ATF …
India cuts windfall tax on crude, export taxes on aviation fuel and diesel Read More »
DUBLIN (Reuters) – InterGlobe Aviation’s IndiGo airline sees “huge pent up demand” for domestic travel in India and increasing interest in flying abroad, its finance chief said on Monday. “Overall we are seeing huge pent up demand coming in because, post-COVID, everybody wants to travel. It’s not just domestic traffic within India, which is huge; …
India’s IndiGo sees ‘huge pent up demand’ for domestic travel Read More »
By Peter Hobson LONDON (Reuters) – Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above $1,900 …
Gold prices seen rising towards record highs as rate rises near end Read More »
NEW DELHI (Reuters) -India is hopeful of a rupee trade with Russia, a trade ministry official said on Monday, as government data showed a near 400% jump in Russian merchandise imports from April-December compared with a year ago. India has been exploring a rupee trade settlement mechanism with Russia since soon after Moscow invaded Ukraine …
India hopeful of rupee trade with Russia after imports surge Read More »
By John Revill ZURICH (Reuters) – Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its …
DUBLIN (Reuters) – Air India is set to order around 500 planes as an airline industry recovery takes hold following the pandemic, one of the world’s leading aircraft lessors said on Monday. “As a result of this recovery, there is now more momentum for large orders from airlines who have sort of sat back and …
By Maha El Dahan DAVOS, Switzerland (Reuters) – India’s ReNew Power, a unit of New York-listed ReNew Energy Global Plc is studying opportunities to expand into green hydrogen in India, Egypt and elsewhere, its chairman and CEO said on Monday. The firm, which now generates nearly 1.8% of India’s total electricity annually, has a total …
Davos 2023: India’s ReNew Power exploring Egypt green hydrogen project Read More »
