NEW DELHI (Reuters) – The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta’s (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday. The Supreme Court has been hearing a dispute between Vedanta and the federal government related to …
India sticks to demand for increased share in Vedanta oil block Read More »
By Sarita Chaganti Singh (Reuters) – Ashok Leyland’s Switch Mobility, JBM Auto and PMI Electro Mobility are the winners in a 30 billion Indian rupee ($362.40 million) tender run by state-run Convergence Energy Services Ltd (CESL), two sources said. Switch Mobility emerged as the lowest bidder to supply 2,600 electric buses in three states, JBM …
India awards mobility firms $362 million in e-bus contracts Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended little changed on Wednesday as traders awaited fresh triggers, after falling earlier in the session tracking easing U.S. yields and oil prices. The benchmark 10-year yield ended at 7.3212%, after closing at 7.3211% on Tuesday. “There are no triggers at all for government bond …
Bond yields little changed as traders await fresh triggers Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee edged higher against the U.S. currency on Wednesday, propped up by a slide in oil prices and the dollar index. The partially convertible rupee closed at 82.8025 per dollar, having firmed to as much as 82.75 during the session. It ended at 82.88 on Tuesday. The …
Rupee gains on oil plunge, tipped to break out of recent tight range Read More »
BENGALURU (Reuters) -Indian shares fell about 1% on Wednesday, with financials and metals leading a broad-based retreat as investors fret over the rising COVID-19 cases in China and the Federal Reserve’s interest-rate hiking path. The Nifty 50 index closed 1.04% lower at 18,042.95, while the S&P BSE Sensex fell 1.04% to 60,657.45, with the two …
Financials drag Indian shares 1% lower ahead of Fed minutes Read More »
MUMBAI (Reuters) – Indian corporate bond issuances may come to a halt in the next two weeks as the government upgrades an online portal used by companies to file regulatory disclosures, merchant bankers have said. According to a notification from the Ministry of Corporate Affairs, the website companies use for electronic filings will not be …
Indian govt portal upgrade may halt new debt issues Read More »
BENGALURU (Reuters) – Indian shares extended gains for the second session on Tuesday, helped by an uptick in financials on strong quarterly updates. The Nifty 50 index closed 0.19% higher at 18,232.55, while the S&P BSE Sensex rose 0.21% to 61,294.20. The Nifty 50 has seen support at the 100-day moving average (DMA) level and …
Indian shares extend gains, powered by financials’ surge Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil’s higher discount to rival vegetable oils led refiners to raise purchases during the seasonally weak winter period, five dealers said. Higher imports by India, the world’s biggest …
Top palm oil buyer India’s Dec imports jump 94% y/y on discounts – dealers Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Google has told a tribunal in India that the country’s antitrust investigators copied parts of a European ruling against the U.S. firm for abusing the market dominance of its Android operating system, arguing the decision be quashed, legal papers show. The Competition Commission of India …
Google alleges India antitrust body copied parts of EU order on Android abuse Read More »
By Seher Dareen (Reuters) – Gold prices kicked off 2023 by hitting their highest levels in more than six months on Tuesday as benchmark Treasury yields fell, while investors assessed the prospects for more Federal Reserve interest rate hikes, which acted as a significant headwind to bullion last year. Spot gold, which had ended a …
Gold rises to near six-month highs while investors await Fed minutes Read More »
