By Daksh Grover (Reuters) – Gold eased on Tuesday, pressured by a firmer U.S. dollar and Treasury yields, as investors looked ahead to the Federal Reserve’s interest rate decision amid expectations it will adopt a cautious approach to monetary policy easing next year. Spot gold was down 0.5% at $2,639.22 per ounce, as of 1055 …
Gold slips on expectations of a cautious Fed next year Read More »
NEW DELHI (Reuters) – The Indian economy will see healthy growth in coming quarters, and the slowdown in growth from July-September was a “temporary blip”, Finance Minister Nirmala Sitharaman said on Tuesday. India’s economic growth slowed more than expected in July-September, expanding by only 5.4% year-on-year. “The government believes the trend in Q2 of 2024-25 …
Indian finance minister says Q2 growth slowdown a ‘blip’, higher growth coming Read More »
By Hritam Mukherjee and Kashish Tandon (Reuters) -Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of 3:30 p.m. IST, while the BSE Sensex declined 1.3% to …
Indian shares slump on caution before Fed meeting Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …
Rupee hits record low on widening trade deficit, weakness in local equities Read More »
By Ian Ransom (Reuters) -Jasprit Bumrah and Akash Deep mounted a defiant 10th wicket stand to help India avoid the follow-on on day four of the third test in Brisbane on Tuesday as Australia’s slight hopes of victory were further diminished by an injury to Josh Hazlewood. Opener KL Rahul and recalled all-rounder Ravindra Jadeja …
Cricket-Australia frustrated as India avoid follow-on in Gabba test Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said. Lower imports by India, the world’s second-biggest consumer of the precious metal, …
India’s gold imports to plunge in December after record November Read More »
By Kantaro Komiya TOKYO (Reuters) – Space startups in Japan and India said on Tuesday they had agreed to jointly study using laser-equipped satellites to remove debris from orbit, an experimental approach to the increasingly imminent problem of orbital congestion. Tokyo-based Orbital Lasers and Indian robotics company InspeCity said they would study business opportunities for …
Japan, India startups to study laser-equipped satellite to tackle space debris Read More »
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India (RBI) likely intervened to support the rupee after the currency slipped to an all-time low on Tuesday amid worries over a sizeable widening of the Asian nation’s trade deficit. The rupee, having dropped to a record low of 84.92, was last at 84.9125 to …
India cenbank likely steps in as trade deficit woes push rupee to record low Read More »
(Reuters) – Indian hotel operator Ventive Hospitality has set a price band of 610 rupees to 643 rupees per share ($7.19-$7.57) for its initial public offering, a newspaper advertisement showed on Tuesday. Ventive, backed by U.S. private equity firm Blackstone Group and real estate developer Panchshil Realty, operates 11 hotels and resorts including JW Marriott …
India’s Ventive Hospitality sets price band of 610-643 rupees per share in IPO Read More »
(Reuters) – India’s GreenLine Mobility Solutions, a part of the retail-to-mining Essar Group, said on Tuesday it will supply battery manufacturing firm Exide Industries with liquefied natural gas (LNG) trucks. The partnership will help Exide reduce logistics-related emissions and align its supply chain with sustainability goals. (Reporting by Yagnoseni Das in Bengaluru; Editing by Mrigank …
India’s GreenLine Mobility to supply LNG trucks to Exide Industries Read More »
