By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee is likely to rise further this week on the back of a struggling U.S. dollar but traders were inclined to be wary of possible dollar-buying intervention by the Reserve Bank of India (RBI) that could limit sharp gains. Government bond yields are expected …
Rupee outlook positive, central bank eyed; bond yields likely to rise Read More »
MUMBAI (Reuters) – HDFC Bank, India’s largest private lender, on Saturday reported a 18.5% jump in net profit for the October-December quarter, aided by higher top-line and healthy loan growth. Net profit for the quarter was 122.59 billion rupees ($1.51 billion), up from 103.42 billion rupees in the same quarter a year earlier. That was …
HDFC Bank, India’s biggest private lender, says net profit jumps 18.5% Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks scored its sixth straight session of gains on Friday as investors assessed the start of U.S. earnings season and the path of inflation, while the yen jumped to a seven-month high on speculation the Bank of Japan may alter its loose monetary policy. …
Stocks rise for sixth straight session, BOJ speculation lifts yen Read More »
(Reuters) -Alphabet Inc’s Google said on Friday that India’s new antitrust order to change how the company markets its Android platform will drive up costs for app developers, equipment makers, and consequently, consumers. The Competition Commission of India (CCI) in October fined Google $161 million for exploiting its dominant position in Android, and asked it …
Google says India antitrust ruling to drive up costs for app developers Read More »
By Seher Dareen (Reuters) – Gold prices scaled an over eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve. Spot gold rose 1.3% to $1,920.70 per ounce by 2:11 p.m. ET (1911 GMT), the highest since …
Gold rises over 1% on slower Fed rate-hike prospects Read More »
By Nidhi Verma NEW DELHI (Reuters) – India has capped trading margins on the resale of gas produced from deepwater blocks, according to a government order issued on Friday, to cut profiteering by traders and bring down prices. The federal government fixes the ceiling price of gas produced from the deepwater fields as the nation …
India caps trading margin on resale of gas from deep sea fields Read More »
By Siddhi Nayak MUMBAI (Reuters) – Core inflation in India is an area of concern and the Reserve Bank of India needs to be very vigilant of it, the bank’s chief Shaktikanta Das said on Friday. India’s annual retail inflation rose 5.72% in December from 5.88% in the previous month, government data showed on Thursday. …
India central bank chief calls for vigilance on high core inflation Read More »
By Sethuraman N R and Nishit Navin BENGALURU (Reuters) -India’s Wipro Ltd warned on Friday that revenue in its key IT services business could decline in the current quarter as clients delayed making spending decisions, a worry that the company’s peers have flagged as well. The Indian IT services industry, which enjoyed a pandemic-led boom, …
India’s Wipro warns IT services rev could drop on slow client spending Read More »
(Reuters) – From tax notices to allegations of illegally boosting market share, French liquor giant Pernod Ricard is facing several business and regulatory challenges in India, one of its key growth markets. The maker of Chivas Regal and Absolut vodka is the second-largest spirits company globally and in India. It accounts for 17% of the …
Factbox-French spirits giant Pernod faces growing challenges in India Read More »
NEW DELHI (Reuters) – Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India’s oil and gas exploration and production sector, the country’s oil minister said in a speech on Friday. India, the world’s third biggest oil importer and consumer, buys more than 84% of its oil needs from …
Chevron, Exxon and Total keen to invest in India, says minister Read More »
