By Sethuraman N R BENGALURU (Reuters) – The Indian rupee was little changed on Friday, but ended the month of June with its highest gains since January, on the back of strong foreign fund inflows into equity markets. The rupee ended at 82.0375 per dollar, compared to its close of 82.0550 in the previous session. …
Indian rupee posts best month since January on strong equity inflows Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Information technology (IT) and auto stocks helped India’s benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment. The Nifty 50 rose as much as 1.21% to hit an all-time high of 19,201.70, before closing …
IT, auto stocks help Indian shares hit new highs Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to struggle on Friday following a jump in U.S. yields and the dollar index on expectations that more Federal Reserve rate hikes were on the way. Non-deliverable forwards indicate rupee will open at around 82.08 to the U.S. dollar compared with 82.0550 in the …
Rupee to struggle on more Fed rate hike bets; US yields surge Read More »
By Deep Kaushik Vakil (Reuters) -Gold regained some ground on Thursday as traders took advantage of a brief dip below the key psychological $1,900 level that was driven by a volley of robust U.S. economic readings. Spot gold edged up 0.1% at $1,908.4 per ounce by 1:52 p.m. EDT (1752 GMT). U.S. gold futures settled …
Gold stabilizes after strong US data drags bullion below $1,900/oz Read More »
BENGALURU (Reuters) – Granules India on Thursday warned of a significant loss of revenue and profitability due to a cyber security attack that the pharmaceuticals company faced late last month. Due to significant changes in its IT systems, the IT security incident caused a major disruption in its business operations, the Paracetamol maker said in …
Paracetamol maker Granules India flags significant operations hit from cyber attack Read More »
LONDON (Reuters) – Britain will discuss temporary business visas as part of Free Trade Agreement talks with India but any deal will not contain broader immigration commitments or access to Britain’s labour market for Indian workers, trade minister Kemi Badenoch said. Britain launched trade talks with India in January last year, and Prime Minister Rishi …
UK says India trade talks discussing business travel, not broader immigration Read More »
GUWAHATI, India (Reuters) – Indian opposition leader Rahul Gandhi was stopped by local police on Thursday and teargas fired near his convoy when the 53-year old scion of the Congress party was on his way to visit the violence-hit northeastern Manipur state. At least 80 people have been killed and more than 40,000 have fled …
Rahul Gandhi’s convoy stopped by Indian police in Manipur, teargas fired Read More »
BENGALURU (Reuters) – Indian private lender ICICI Bank said on Thursday it will delist its broking arm ICICI Securities in a shareswap deal worth about 51 billion rupees ($621.8 million). The deal will end ICICI Securities’ five-year run as a separately listed company which, as of last week, had seen its stock float barely above …
ICICI Bank to delist broking arm in $622 million shareswap deal Read More »
BENGALURU (Reuters) – Procter & Gamble India said it would invest 20 billion rupees ($243.79 million) to set up a personal healthcare manufacturing facility in the western state of Gujarat. The company will manufacture digestive products that are part of parent P&G’s global healthcare product portfolio at the facility, it said in a statement on …
Procter & Gamble India to invest $244 million to set up manufacturing facility Read More »
By Neha Arora NEW DELHI (Reuters) -India’s KABIL, a state-owned joint venture formed to scout for minerals overseas, will “shortly” sign an agreement with Argentina to secure a few lithium blocks, a government source with direct knowledge of the matter told Reuters on Wednesday. India, among the world’s top greenhouse gas emitters, has been pursuing …
Indian state-owned firm to sign lithium pact with Argentina -source Read More »
