BENGALURU (Reuters) – Embattled Indian conglomerate Adani Group has repaid a $500 million bridge loan that was due Thursday, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Adani released the money to the creditors on Tuesday, the report added. Representatives for Adani did not immediately respond to a Reuters request for …
India’s Adani repays $500 million bridge loan – Bloomberg News Read More »
By David Brunnstrom and Renju Jose WASHINGTON/SYDNEY (Reuters) -U.S. President Joe Biden will host leaders of Australia and Britain in San Diego next week to chart a way forward for provision of nuclear-powered submarines and other high-tech weaponry to Australia, sources familiar with the plans said. Australian Prime Minister Anthony Albanese said before leaving on …
Biden to host Australian, British leaders on AUKUS defence pact Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares ended higher for the third session in a row on Wednesday, in contrast to their Asian peers that fell after Federal Reserve Chair Jerome Powell warned of bigger interest rate hikes. The Nifty 50 index added 0.24% to 17,754.40, while the S&P BSE Sensex closed 0.21% higher at …
Indian shares defy global weakness to extend winning streak Read More »
MUMBAI (Reuters) – India’s money laundering laws will apply to trade in cryptocurrencies, the federal government said in a notification dated March 7. The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering …
India’s money laundering rules to apply to crypto trade – gov’t notification Read More »
By Nidhi Verma and Noah Browning NEW DELHI/LONDON (Reuters) – U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies. The dollar’s pre-eminence has periodically been called into question …
India’s oil deals with Russia dent decades-old dollar dominance Read More »
BENGALURU (Reuters) – Rookie Australian spinner Todd Murphy said he was relishing the opportunity to play in front of a possible record test crowd in Ahmedabad as they prepare to face India in the fourth and final match of their series starting on Thursday. The largest attendance for a single day of test cricket is …
Cricket-Australia’s Murphy excited to play in front of possible record test crowd Read More »
By Rajendra Jadhav and Mei Mei Chu KUALA LUMPUR (Reuters) – India’s palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to COVID-led lockdowns, a senior industry official told Reuters on Tuesday. Higher purchases by the …
India’s palm oil imports could jump to 4-year high on lower prices – industry official Read More »
By Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese said on Tuesday his government wants to diversify trade and foreign investment partners, as he prepares to lead a business delegation to India which he said shares Australia’s democratic values. Australia wanted “greater diversity in who we trade with – and greater variety in what …
Australian PM seeks to diversify trade, investment on India visit Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended marginally higher on Monday, giving up most of the day’s gains as the Chinese yuan fell and the dollar index rebounded slightly. The rupee finished at 81.91 per dollar, compared to its previous close of 81.9650. The currency climbed up to 81.6350 during the session, …
Rupee mostly reverses gains on Chinese yuan dip, dollar rebound Read More »
(Reuters) – Australian assistant coach Daniel Vettori said he does not mind the spin-friendly pitches on offer in their series in India as they have challenged the batsmen and brought their skill and perseverance into play. India thumped Australia in Nagpur and New Delhi to grab a 2-0 lead in the four-test series with their …
Cricket-Vettori does not mind turning tracks in India as they test fortitude Read More »
