BENGALURU (Reuters) -Indian stocks rose on Monday, after two straight sessions of declines, helped by gains in financial stocks as banks reported strong quarterly results over the weekend. The Nifty 50 index closed 0.50% higher at 18,118.55, while the S&P BSE Sensex rose 0.53% to 60,941.67. Thirty-two of the Nifty 50 constituents advanced while 18 …
Indian shares snap 2-day losing run on strong bank earnings Read More »
By Rajendra Jadhav and Mei Mei Chu MUMBAI/KUALA LUMPUR (Reuters) -India is set to export a record 50 million eggs this month, boosted by sales to Malaysia, where there have been acute shortages as soaring feed prices caused by the Ukraine war forced many small-scale farmers to cut output, industry officials said. Middle Eastern countries, …
Malaysia’s egg shortage sets Indian hatcheries on path for record exports Read More »
MUMBAI (Reuters) – India’s Housing Development Finance Corp plans to raise at least 30 billion rupees ($370.5 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Monday. The housing finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they added. The issue will also …
By Leika Kihara TOKYO (Reuters) -Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …
BOJ’s policy tweak drew rare request to adjourn from govt – minutes Read More »
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s central bank is expected to raise interest rates by 25 basis points on Wednesday to curb elevated inflation and further hikes are likely even as China’s reopening brightens the economic outlook, a Reuters poll found. Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is …
Thai central bank to raise rates 25 bps, tourism to bolster growth – Reuters poll Read More »
By Anushka Trivedi and Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee is expected to extend its gains this week, while government bond yields may move marginally higher due to worries about yet another year of elevated borrowing. With a holiday-shortened week in India, the Chinese New Year, and no major data releases apart from …
Rupee may firm past 81/USD, bond yields to edge up as budget looms Read More »
By Nidhi Verma VARANASI, India (Reuters) – India’s Bharat Petroleum Corp plans to shut its 156,000 barrels-per-day (bpd) Bina refinery in central India for about a month in June for maintenance, two sources familiar with the plan said. The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India …
India’s BPCL to shut Bina refinery in June for maintenance- sources Read More »
RABAT (Reuters) – Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of phosphate-based fertilisers in 2023. The supply agreements were signed during a visit by Indian health, chemicals and fertilisers minister Mansukh Mandaviya to Rabat. Under the deals, Morocco’s OCP will supply India with 700,000 …
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023 Read More »
(Corrects eighth paragraph to make clear Modi was never BJP president, but was made the party’s candidate for prime minister in 2013) MUMBAI (Reuters) – India has blocked the airing of a BBC documentary which questioned Prime Minister Narendra Modi’s leadership during the 2002 Gujarat riots, saying that even sharing of any clips via social …
India blocks BBC documentary on PM Modi from airing in India Read More »
By Alessandro Diviggiano BEIJING (Reuters) -China rang in the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as officials reported almost 13,000 new deaths caused by the virus between January 13 and 19. Queues stretched for about one kilometre (a half-mile) …
Chinese pray for health in Lunar New Year as COVID death toll rises Read More »
