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NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. T ...Read More >
Investing.com -- India's imports of Russian crude oil are continuing to decline as the country diversifies its suppliers, according to Oil Minister Hardeep Puri. In an interview with Bloomberg Television on Tuesday, Puri noted that shipments from Russia have already dropped to 1.3 million barrels per day, down from an average of 1.8 million barrels per day last year. Access breaking news faster with institutional-grade feeds, immediate stock impact metrics, and analyst response tracking -- get ...Read More >
NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking ...Read More >
Investing.com -- India's private sector continued to show strong growth in December, but the pace of expansion eased to a 10-month low, according to the latest HSBC Flash India PMI data released Tuesday. The HSBC Flash India Composite Output Index registered 58.9 in December, down from 59.7 in November, indicating a slower but still robust expansion in business activity. Any reading above 50 signals growth. Both manufacturing and service sectors experienced slower growth rates. The Flash Servi ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's f ...Read More >
Investing.com -- Russian oil companies are continuing to ship oil to India, according to Russian Deputy Foreign Minister Andrey Rudenko, as reported by state news agency TASS on Monday. This statement comes after U.S. President Donald Trump claimed on Sunday that Indian Prime Minister Narendra Modi had told him India would stop purchasing Russian oil. Trump also warned that if India did not halt Russian oil imports, New Delhi would continue to face "massive" tariffs. This article was generate ...Read More >
Investing.com-- U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi told him that the country will wind down its buying of Russian oil amid pressure from Washington over Moscow's war with Ukraine. "I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia," Trump told reporters during an event at the White House, adding that India will gradually reduce its oil buying. Trump added that he would try t ...Read More >
BENGALURU: A day after Biocon chief Kiran Mazumdar-Shaw highlighted Bengaluru's "creaking" infrastructure, Karnataka's deputy CM D K Shivakumar Wednesday accused her of "betrayal" and of tarnishing the very state and country that helped her succeed as an entrepreneur.However, people sprang to her defence, accusing the government of displaying hostility towards those who speak up, and of refusing to accept constructive criticism.On her part, Shaw on Wednesday blamed previous governments' inaction ...Read More >
Investing.com -- U.S. President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi has assured him India will stop purchasing oil from Russia. "So I was not happy that India was buying oil, and he assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same thing," Trump told reporters. The announcement marks a potential shift in India's energy procurement strategy, as the country has been a significant buyer of ...Read More >
Investing.com -- Moody's Ratings has affirmed the Government of India's long-term local and foreign-currency issuer ratings and local-currency senior unsecured rating at Baa3, maintaining a stable outlook. The rating agency also confirmed India's short-term local-currency rating at P-3. According to Moody's, the affirmation reflects India's credit strengths, including its large and rapidly growing economy, sound external position, and stable domestic financing base for ongoing fiscal deficits. ...Read More >
Investing.com -- Morgan Stanley said investors may be underestimating the strength of India's growth cycle, saying that the country's earnings and equity market peak lie ahead and that structural shifts will support higher valuations. Population growth, policy-driven macro stability, better infrastructure, a rising entrepreneurial class and improving social outcomes are long-term drivers that could help India increase its share of global output in the coming decades. That trajectory implies In ...Read More >
Investing.com -- India has imposed anti-dumping duty on certain steel shipments from Vietnam, according to a Wednesday notification from the Ministry of Commerce and Industry. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. This action follows a year-long investigation that began in August 2024, which examined potential threats and injury to India's domestic steel sector. "Domestic steel industry has suffered injury as a result of dumped i ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better ...Read More >
(Reuters) -A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines fuel cutoff switches shifting from cutoff to run within seconds of each other. "At this stage of investigation, there are no recommended actions to Boeing (NYSE:BA) 787-8 and/or GE GEnx-1B engine operators and manufacturers" India's Aircraft Accident Investigation Bureau said. The agency, an office under Ind ...Read More >
Investing.com-- The investigation into a deadly crash of an Air India Boeing (NYSE:BA) plane in June has so far not found a problem with the 787 Dreamliner, the Wall Street Journal reported on Thursday evening. Preliminary findings show that fuel switches, which control fuel flow to the jet's two engines, were turned off, leading to a loss of thrust after takeoff, the WSJ report said, citing people familiar with early assessments from U.S. officials. Initial U.S. assessments did not indicate a ...Read More >
Investing.com-- The Securities and Exchange Board of India on Thursday issued an order blocking Jane Street from the local securities markets, alleging that the trading house previously engaged in market manipulation. SEBI issued an interim order to seize about 48.43 billion rupees ($570 million) of Jane Street's funds, the amount of unlawful gains the trading house saw from its alleged violations of Indian securities law. Jane Street and its entities will also be blocked from participating in ...Read More >
Investing.com -- India's services sector showed strong growth in June, driven by robust demand and easing price pressures, according to a survey released Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 60.4 in June from 58.8 in May. This figure was slightly below the preliminary estimate of 60.7. The index remained well above the 50.0 threshold that separates growth from contraction in business activity, indicating continued expansion ...Read More >
Gadwal: A sensational murder case that shook both Telugu states has been cracked within a short period by the Jogulamba Gadwal district police. The investigation revealed that a wife and her paramour conspired to murder her husband, who was allegedly obstructing their illicit relationship. They hired a supari gang (contract killers) to carry out the murder. District Superintendent of Police (SP) T. Srinivasa Rao, IPS, conducted a press meet today revealing crucial details of the case. Case Bac ...Read More >
Investing.com -- India has declined an offer from the United Nations aviation agency to include one of its investigators in the probe of the Air India Boeing (NYSE:BA) 787-8 Dreamliner crash that killed 260 people in Ahmedabad on June 12, according to a Reuters report on Thursday. The International Civil Aviation Organization (ICAO) made the unusual move earlier this week by offering to provide investigative assistance without being asked. The ICAO requested that their investigator, who was alr ...Read More >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sour ...Read More >
Investing.com -- India is in discussion with various companies to create long-term reserves of rare earth magnets. The government also aims to encourage domestic production by offering fiscal incentives, according to a Reuters report on Thursday. The government, led by Prime Minister Narendra Modi, is keen to expand domestic manufacturing capabilities to ease the dependence on China. It is contemplating offering production-based fiscal incentives to businesses, the report added. The Ministry o ...Read More >
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket. ...Read More >
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a ke ...Read More >
Investing.com -- European markets opened higher on Tuesday, although investor attention is fixed on unfolding political challenges in France this week. At 3:17 ET (8:17 GMT) Germany's DAX index gained 0.5%, France's CAC 40 increased by 0.8%, and the UK's FTSE 100 advanced 0.4%. Data releases on the agenda for Tuesday include U.K. retail sales figures and Spanish unemployment data. France's markets will be under close scrutiny as Prime Minister Michel Barnier invoked special constitutional mea ...Read More >
LONDON - South32 (OTC:SOUHY) Limited (ASX / LSE / JSE: S32; ADR: SOUHY), the globally diversified mining and metals company, announced the appointment of Stephen Pearce and Mandla Msimang as independent Non-Executive Directors to its Board, effective from February 1, 2025. Both Pearce and Msimang will seek election by shareholders at the company's 2025 Annual General Meeting. Stephen Pearce brings over two decades of directorship experience and is currently serving on the board of BAE Systems ( ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie ...Read More >
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, i ...Read More >
LONDON - Conversant Capital LLC, an investment firm based in Wilmington, Delaware, has notified International Workplace Group plc (IWG) and the Financial Conduct Authority (FCA) of a significant change in its shareholding. The firm crossed the 1.91% threshold of voting rights attached to IWG shares on November 25, 2024. The notification, classified as a voluntary disclosure, was made to reflect the direct acquisition of shares by Conversant Capital. As per the details provided, the investment f ...Read More >
DUBAI (Reuters) - The Syrian army and allied forces confronted an attack launched by forces affiliated with the Syrian Democratic Forces alliance on villages in the northern countryside of Deir Al Zor province on Tuesday, state news agency (SANA) reported. The SDF is a Kurdish-led alliance in north and east Syria which worked with the U.S.-led coalition against Islamic State. Spearheaded by the Kurdish People's Protection Units (YPG) and including Arab fighters, it holds a quarter of Syria, inc ...Read More >
LONDON (Reuters) - Britain's problem with people leaving the labour market was a little bit less acute than previously thought, the country's statistics agency said as it adjusted its calculations based on new population estimates and made other changes. The Office for National Statistics said on Tuesday the inactivity rate - which measures people not in work and who are not looking for it - was estimated at 22.1% in the April-to-June period, compared with a previous estimate of 22.2%. ...Read More >
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