By Rajendra Jadhav MUMBAI (Reuters) – Indian wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said. The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls …
India wheat prices jump to 6-month high on demand, limited supply Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended weaker on Tuesday, after having held in a tight range for most of the session as the U.S. dollar’s strength was offset, traders said, by the central bank selling the greenback to prevent the local unit from sliding further. The rupee closed down 0.1% at …
Rupee edges lower, but likely RBI hand limits decline Read More »
By Bharath Rajeswaran and Anisha Ajith BENGALURU (Reuters) -Indian shares fell on Tuesday as caution reigned ahead of crucial data due through the week, including inflation reading from the United States and a policy decision by India’s central bank. The Nifty 50 index settled 0.13% lower at 19,570.85, while the S&P BSE Sensex fell 0.16% …
Indian shares slip in run up to key data, RBI policy Read More »
By Krishn Kaushik and Sunil Kataria MOIRANG/CHURACHANDPUR, India (Reuters) -In the sectarian violence that has ravaged India’s Manipur state, women have been victims of brutal attacks. Residents and security officials say they are also at the forefront of the conflict, picking up arms, blocking troops and according to police complaints, instigating sexual assaults. India’s northeastern …
In India’s brutal ethnic war, women are participants as well as victims Read More »
BENGALURU (Reuters) – Adani Ports and Special Economic Zone, India’s largest private port operator, reported an 82.6% surge in first-quarter profit on Tuesday, helped by a jump in cargo volumes and as higher tariffs boost margins. The company said its consolidated net profit rose to 21.15 billion rupees ($255.4 million) in the April-June quarter, from …
India’s Adani Ports says Q1 profit nearly doubles on higher volumes, tariffs Read More »
BENGALURU (Reuters) – India’s Hindalco Industries, one of the country’s largest aluminium and copper producers, reported a 40% fall in first-quarter profit on Tuesday as softer volumes and weak metal prices weighed. The company’s consolidated net profit fell to 24.54 billion rupees ($296.4 million) in the quarter ended June 30 from 41.19 billion rupees a …
India’s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices Read More »
By Aditi Shah and Nandan Mandayam NEW DELHI/BENGALURU (Reuters) -Maruti Suzuki, India’s top automaker by sales, said on Tuesday it would pay Suzuki Motor in preference shares to take over a local manufacturing plant in a deal that will also boost the Japanese automaker’s stake in the company. The share allotment will boost Suzuki’s stake …
Japan’s Suzuki to get bigger stake in India’s Maruti after sale of plant Read More »
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said. A July 13-31 Reuters poll of 75 economists showed the …
India rate panel to dial up hawkishness even as it holds policy steady Read More »
By Brijesh Patel (Reuters) – Gold prices were on the backfoot on Monday after Federal Reserve Governor Michelle Bowman indicated that additional interest rate hikes would likely be needed to rein in inflation. Spot gold was down 0.3% at $1,936.44 per ounce by 03:28 p.m. EDT (1928 GMT). U.S. gold futures settled 0.3% lower at …
Gold slips as comments from US Fed governor dent sentiment Read More »
By Jayshree P Upadhyay BENGALURU (Reuters) -India’s markets regulator plans to change its rules to force unlisted companies to make more disclosures, including on related-party and financial transactions at the group, or conglomerate level, the regulator said on Monday. Private companies in India are not required to make rigorous disclosures related to their financials or …
India markets regulator plans more disclosures for conglomerates, unlisted firms Read More »
