By Seher Dareen (Reuters) – Gold prices held firm near an eight-month peak on Tuesday, buoyed by a weaker dollar and hopes of slower U.S. rate hikes after the Federal Reserve Chair Jerome Powell failed to provide more clarity on tightening path. Spot gold rose 0.2% to $1,875.01 per ounce by 1:42 p.m. ET (1842 …
Gold at 8-month peak on weaker dollar, slower rate-hike hopes Read More »
NEW DELHI (Reuters) -Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana’s President Mohamed Irfaan Ali and Suriname’s President Chandrikapersad “Chan” Santokhi, who are visiting India, held discussions on Monday …
Guyana seeks Indian investment in its hydrocarbon sector -Indian official Read More »
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI (Reuters) – The growth of Google’s Android ecosystem is on the brink of stalling in India due to an antitrust order that asks the company to change how it markets the platform, the U.S. company has said in a Supreme Court challenge seen by Reuters. …
Exclusive-Google warns Android growth in India will stall due to antitrust order Read More »
JERUSALEM (Reuters) -A consortium led by India’s Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday. The sale of one Israel’s main seaports has taken five years and marks the culmination of a nearly two-decade reform of an underperforming sector …
Adani-led group completes purchase of Israel’s Haifa Port Read More »
BENGALURU (Reuters) -Fast-moving consumer goods firm Adani Wilmar Ltd said on Tuesday its sales would grow in high single digits in the third quarter, helped by strong demand during the festive season and stronger out-of-home consumption. Standalone sales volume will grow in high teens, the company said in a regulatory filing. Price volatility in its …
India’s Adani Wilmar sees Q3 sales growth in high single digits Read More »
By Sudarshan Varadhan SINGAPORE/NEW DELHI (Reuters) – India expects its power plants to burn about 8% more coal in the fiscal year ending March 2024, according to a senior government official and a power ministry presentation, after the country missed its 2022 renewable energy goal by more than 30%. The world’s third-largest energy consumer and …
India expects utilities’ annual coal demand to surge about 8% after renewables shortfall Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares closed lower on Tuesday, as risk-aversion gripped broader equities over hawkish comments from U.S. Federal Reserve officials, and led to a decline in over-valued stocks such as the Adani Group. The Nifty 50 index was down 1.03% at 17,914.15 at the close, while the S&P BSE Sensex …
Indian shares fall as hawkish Fed remarks revive rate worries Read More »
BENGALURU (Reuters) -Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC for around $300 million, two sources told Reuters on Tuesday. The equity for the transaction will come from funds managed and advised by entities affiliated with Carlyle Asia Partners, Carlyle said in a statement, without …
Carlyle buys majority stake in India’s VLCC for $300 million – sources Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India’s wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders told Reuters. Higher wheat output could encourage India, the world’s second-biggest producer of the grain, …
India wheat harvest could hit record on higher planting area, favourable weather Read More »
BENGALURU (Reuters) – India’s Tata Consultancy Services fell nearly 3% on Tuesday after missing profit estimates and flagging challenges in Europe while the IT major’s first workforce decline since the pandemic in 2020 indicated a sharp growth moderation ahead, analysts said. Shares of India’s largest IT services provider fell as much as 2.7% to 3,230.1 …
India’s TCS slips 2.7% on profit miss, weak outlook Read More »
