By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed marginally higher on Thursday, after a slide in IT stocks following weak quarterly earnings and a cautious outlook from top IT firm TCS Ltd trimmed gains, amid rising concerns of a recession in the U.S. The Nifty 50 settled up 0.09% to 17,828, while the S&P BSE …
IT stocks cap gains in Indian shares amid U.S. recession fears Read More »
SINGAPORE (Reuters) – GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said on Wednesday. India’s largest gas distributor is seeking the cargo for delivery on a delivery ex-ship (DES) basis at …
India’s GAIL seeks LNG cargo for May delivery to Dhamra terminal -sources Read More »
By Ira Dugal and Aftab Ahmed MUMBAI (Reuters) -The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd, three people familiar with the matter told Reuters. Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those …
India central bank begins evaluating potential bidders for IDBI Bank -sources Read More »
MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders’ revenues going forward, Morgan Stanley said. On Wednesday, the RBI issued a draft circular regarding charges related to loan accounts, aiming to promote transparency among regulated entities …
By Dan Burns and Leika Kihara WASHINGTON (Reuters) – Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka’s debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be “very nice” if China were to join the effort. As chair of this year’s Group of …
Japan, France and India to launch platform to coordinate Sri Lanka debt Read More »
By Deep Kaushik Vakil and Seher Dareen (Reuters) – Gold prices jumped on Wednesday as signs of cooling inflation bolstered bets that the U.S. Federal Reserve may pause its policy tightening after a likely interest rate hike in May. Spot gold was up 0.6% at $2,014.39 per ounce by 2:10 p.m. EDT (18:10 GMT), after …
Gold shines as bets for US rate hike pause gather pace Read More »
By Sethuraman N R BENGALURU (Reuters) -Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company’s clients in the North American banking space deferred project spending amid the U.S. financial crisis. India’s top IT exporter flagged “a lot of uncertainty” in its banking, financial services …
India’s TCS blames U.S. banking crisis for weak fourth quarter Read More »
NEW DELHI (Reuters) – The Serum Institute of India (SII) could resume production of the Covishield COVID-19 vaccine, a company spokesperson said on Wednesday, as infections rise in the country. The world’s biggest vaccine maker already has a stock of 6 million doses of Covovax, a version of a Novavax vaccine, the spokesperson added. Covishield …
India’s SII could resume Covishield shot production as COVID cases rise Read More »
By Arpan Varghese and Rajendra Jadhav (Reuters) – India’s cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, the United States Department of Agriculture (USDA) said. In its April World Agricultural Supply and …
India’s cotton exports seen sliding, matching imports for first time in years -USDA Read More »
By Krishn Kaushik NEW DELHI (Reuters) -The Indian army said on Wednesday it had located an assault rifle believed to have been used to kill four soldiers at a military base in the northern border state of Punjab, though no one had yet been arrested over the attack. The four soldiers succumbed to gunshot injuries …
Indian army says it finds rifle linked to killing of 4 soldiers at base Read More »
