By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes posted marginal gains on Friday but logged losses for the week, dragged by high-weightage information technology stocks on weak earnings outlook and fading hopes of early U.S. rate cuts in 2024. The NSE Nifty 50 fell 0.09% this week, while the Sensex shed 0.30%. For the week, …
India’s Nifty begins 2024 with weekly losses as IT drags Read More »
By Nidhi Verma NEW DELHI (Reuters) -India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow’s revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared …
Russian November oil price for India hit 12-mth high Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open little changed on Friday, with traders keeping an eye on the uptick in U.S. bond yields following better-than-expected jobs data. Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 against the U.S. dollar, compared with its close of 83.23 in the …
Rupee gauges more moderation in Fed rate cut bets; awaits US jobs report Read More »
By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range against the dollar this year as the Reserve Bank of India continues intervening to manage the exchange rate despite aggressive market bets for U.S. interest rate cuts, a Reuters poll of FX strategists showed. The U.S. dollar index lost over …
Constant RBI intervention to keep rupee in tight range through 2024: Reuters poll Read More »
By Manoj Kumar NEW DELHI (Reuters) – India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier government forecasts when the National Statistical Office releases its first advance GDP estimates on Friday. An increased estimate of annual gross domestic product is widely …
India likely to report higher GDP growth estimates for 2023/24 Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold held steady on Thursday after four sessions of decline as investors braced for the U.S. non-farm payrolls data that could influence the Federal Reserve’s interest-rate path, while palladium prices slipped on a dim long-term demand outlook. Spot gold edged up 0.2%, to $2,044.39 per ounce by 2:50 p.m. …
Gold gets a breather as US payrolls loom; palladium slips Read More »
By Aditya Kalra NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani’s Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has …
Disney, Reliance start antitrust diligence on India media merger -sources Read More »
NEW DELHI (Reuters) – Indian state fuel retailers have raised the purchase price of ethanol made from maize by 5.79 rupees a litre to 71.86 rupees ($0.8635) per litre to encourage its production for blending with gasoline, local media reported. India is promoting the use of maize as an alternative to sugar to boost ethanol …
India state fuel retailers raise maize ethanol purchase price -local media Read More »
BENGALURU (Reuters) -Dabur India said on Thursday it expects mid- to high-single-digit growth in its consolidated revenue for the third quarter ended Dec. 31, as demand for its consumer goods in rural areas continued to lag urban regions and pricing growth remained subdued. The company reported a 3.4% revenue growth in the Dec quarter a year …
Dabur India sees mid- to high-single-digit Q3 revenue growth Read More »
MUMBAI (Reuters) – India’s largest private port operator Adani Ports and Special Economic Zone plans to raise funds totalling 5 billion rupees ($60.08 million) through two bonds, one maturing in five years and the other in 10 years, three bankers said on Thursday. The company, which will tap the market for the first time since …
Adani Ports to tap bond market for first time in more than two years – bankers Read More »
