By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open weaker on Tuesday as U.S. treasury yields rose to fresh multi-year highs after the United States averted a partial government shutdown. Non-deliverable forwards indicate the rupee will open at around 83.25 to the U.S. dollar compared with a close of 83.04 in …
Rupee likely to open weaker pressured by surging U.S. yields Read More »
BENGALURU (Reuters) – Indian shares are likely to open lower on Tuesday, tracking a dip in Asian peers on U.S. rate concerns, while persistent foreign selling also weighed on risk sentiment. India’s GIFT Nifty was down 0.20% at 19,574 points at 7:48 a.m. IST on the NSE International Exchange. Wall Street equities were subdued after …
Indian shares set to open lower tracking Asian peers Read More »
(Reuters) – Gold continued its slide on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood interest rates will stay high, with U.S. job openings data expected later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $1,824.10 per ounce by 0057 …
Gold down for seventh consecutive session as US Fed stays hawkish Read More »
By Ashitha Shivaprasad (Reuters) – Gold extended its decline for a sixth straight session on Monday to hit a near seven-month trough, as a robust dollar and prospects of higher U.S. interest rates took the shine off bullion. Spot gold was down 0.9% by 1:52 p.m. EDT (1752 GMT) at $1,831.70 per ounce, its lowest …
Gold extends fall as strong dollar, higher US rates take toll Read More »
BENGALURU (Reuters) – India’s Adani Group plans to build 10 gigawatts (GW) of integrated solar manufacturing by 2027, more than double its current capacity, the Economic Times reported, citing news agency PTI. The conglomerate owned by Indian billionaire Gautam Adani produces solar photovoltaic cells or solar PVs through Adani Solar, with a manufacturing capacity of …
India’s Adani Group to build 10 GW solar manufacturing capacity by 2027 – ET Read More »
BENGALURU (Reuters) – Indian on-demand delivery platform Dunzo said on Monday that one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed startup also announced an organisation-wide restructuring from this quarter. Dunzo has been struggling to strike a funding deal in the past few months and has announced at least three …
India’s Reliance-backed delivery firm Dunzo to restructure, co-founder quits Read More »
SINGAPORE (Reuters) – India’s Bharat Petroleum Corp has offered its first spot gasoil cargo, via a sales tender, in more than a year, three industry sources familiar with the matter said on Monday. BPCL is seeking to sell at least 40,000 metric tons of 10ppm sulphur gasoil loading Oct. 26-27 from Kochi, according to a …
India’s BPCL offers first gasoil cargo in over a year – sources Read More »
By Lawrence White and Kirstin Ridley LONDON (Reuters) – Barclays is seeking to overturn a ruling by an Indian court that found the British bank had retaliated against a whistleblower, legal filings show. The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. Barclays’ whistleblowing policy …
Barclays challenges ruling it ‘retaliated’ against whistleblower in India Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s monsoon rainfall this year was its lowest since 2018 as the El Nino weather pattern made August the driest in more than a century, the state-run weather department said on Saturday. The monsoon, which is vital for India’s $3 trillion economy, brings nearly 70% of the rain the country …
India’s monsoon rains hit five-year low due to El Nino Read More »
By Mitch Phillips LONDON (Reuters) – England head into the defence of their World Cup title short of ODI practice but unconcerned as they will approach the 50-overs format in the same way they have tests and T20s – with total commitment to attack and confidence in success. While there might be tactical tweaks, and …
Cricket-England batting power gives them fighting chance Read More »
