By Deep Kaushik Vakil (Reuters) – Gold retreated below the key $2,000 level on Monday as the dollar advanced on Friday’s strong U.S. jobs numbers, while traders also positioned for inflation readings this week that could influence interest rate hikes. Spot gold fell nearly 1% to $1,988.88 per ounce by 1:57 p.m. EDT (17:57 GMT), …
Gold falls below $2,000 as US jobs growth lifts dollar Read More »
NEW DELHI (Reuters) – Trade talks between India and Britain have not been suspended and will continue this year, three officials said on Monday, responding to a British newspaper report that said India had “disengaged” from the talks after London failed to condemn Sikh separatists. An official in India’s foreign ministry said progress in the …
India has not suspended trade talks with UK, officials say Read More »
NEW DELHI (Reuters) – The Dalai Lama, the Tibetans’ 87-year-old spiritual leader, apologised on Monday after footage showed him asking a young boy to “suck my tongue” at a public event. “A video clip has been circulating that shows a recent meeting when a young boy asked his Holiness the Dalai Lama if he could …
Dalai Lama apologises after video asking boy to ‘suck my tongue’ Read More »
MOSCOW (Reuters) – India remains the main destination for Russia’s seaborne Urals oil, with about 70% of such exports heading to the country, Reuters monitoring and data from two industry sources showed on Monday. Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freight …
India remains top destination for Russian Urals oil in April Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) -Torrent Power has pipped Reliance Industries to emerge as the lowest bidder for the supply of 1,090 megawatts of gas-based power supply sought by the Indian government to meet anticipated record demand in the summer, two sources said. Torrent Power quoted 13.70 rupees per unit price to supply …
Torrent Power makes lowest bid for Indian power supply contract – sources Read More »
BENGALURU (Reuters) – Companies led by Indian billionaires Gautam Adani and Mukesh Ambani, a British retailer and global asset reconstruction firms are among the 49 entities in the fray to acquire Future Retail Ltd, the debt-laden Indian retailer said on Monday. Reliance Retail, part of Ambani’s Reliance Industries Ltd as well as April Moon Retail …
India’s Reliance, Adani among 49 bidders for debt-ridden Future Retail Read More »
BENGALURU (Reuters) – India’s JSW One Platforms, a unit of conglomerate JSW Group, on Monday, said it raised 2.05 billion rupees ($25.02 million) from Japan’s Mitsui & Co Ltd in its series A funding round. The funding will strengthen its market presence and further enhance tech capabilities, JSW One Platforms said in a statement, adding …
India’s JSW One Platforms raises $25 million from Mitsui & Co in series A round Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) snapped their two-month-long selling streak to turn buyers of Indian equities in March, despite offloading shares in the second half of the month, according to National Securities Depository Ltd (NSDL) data. FPIs offloaded shares worth 46.4 billion rupees on a net basis between March 15-31, …
FPIs turn buyers of Indian stocks in March, but remain sellers for FY Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Sugar prices in India have climbed more than 6% in two weeks and are likely to rise further as production is set to fall and demand from bulk consumers to strengthen during the peak summer season, industry officials told Reuters. Higher local prices will improve the margins of sugar …
Indian sugar prices climb as production drops amid record demand Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares settled marginally higher on Monday, helped by strong quarterly business updates from auto and realty companies, but rising odds of a U.S. Federal Reserve rate hike in May capped gains. The Nifty 50 closed up 0.14% at 17,624.05, while the S&P BSE Sensex rose 0.02% to 59,846.51. The …
Auto, realty stocks help Indian shares ahead of Q4 earnings Read More »
