Reuters India Business

BENGALURU (Reuters) -Indian shares declined on Wednesday, with metal stocks leading a broad-based retreat as investors fret over the rising COVID-19 cases in China and the Federal Reserve’s interest-rate hiking path. The Nifty 50 index was down 0.70% at 18,104.10 as of 11:22 a.m. IST, while the S&P BSE Sensex fell 0.69% to 60,869.73. The …

Indian shares drop, led by metal firms, ahead of Fed minutes Read More »

By Anant Chandak BENGALURU (Reuters) – India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid robust demand, fuelling business optimism despite high costs, a private-sector survey showed. The S&P Global India services purchasing managers’ index (PMI) rose to 58.5 in December from 56.4 in …

India’s services growth at 6-month high on robust demand – PMI Read More »

BENGALURU (Reuters) -Adani Enterprises said on Tuesday it will raise the amount it pays New Delhi Television Ltd stockholders who tendered their shares in the conglomerate’s open offer to match what it paid the news broadcaster’s founders for their stake. Adani Enterprises said it will pay an additional 48.65 rupees per NDTV share to investors …

Adani lifts payout for NDTV open offer to match payment to founders Read More »

By Ashitha Shivaprasad (Reuters) – Gold prices jumped more than 1% to a six-month high on Tuesday on technical trading, while investors looked forward to minutes from the U.S. Federal Reserve’s latest policy meeting for more cues on its rate-hike path. Spot gold was up 1.2% at $1,846.08 per ounce as of 0728 GMT in …

Gold scales 6-month peak on technical buying; Fed minutes in focus Read More »

By Ankur Banerjee SINGAPORE (Reuters) – The yen spiked to a seven-month high against the U.S. dollar on Tuesday on rising expectations that the Bank of Japan might move away from its ultra-easy monetary policy. Speculation that the BOJ was set to start shifting off its ultra-loose policy flared when the central bank widened the …

Yen scales seven-month high on BOJ policy shift hopes Read More »

BENGALURU (Reuters) -Indian shares reversed losses to move higher on Tuesday, helped by an uptick in financials on strong quarterly updates and hopes of liquidity surplus in the banking system. The Nifty 50 index was up 0.18% at 18,230.05 as of 11:25 a.m. IST, while the S&P BSE Sensex gained 0.15% to 61,260.25. Most of …

Indian shares recoup losses to move higher on financials’ boost Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee was little changed to the U.S. currency on Tuesday, tracking a muted dollar, as markets awaited a host of data from the world’s top economy to find direction this week. The rupee was at 82.76 per dollar at 10:40 a.m. IST, against its previous close of …

Rupee largely unchanged as U.S. data, Fed minutes awaited Read More »

By Wayne Cole SYDNEY (Reuters) – Asian shares recovered from early losses on Tuesday as investors weighed the near-term costs of the coronavirus infections in China against the longer-term benefits of a complete reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.5%, having been down more than …

Asia shares weigh China risks, yen hits 6-month high Read More »