Stay updated with the latest yahoo-news news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on yahoo-news topics.
MUMBAI, April 8 (Reuters) - The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging oil prices and the rally in Asian currencies after a two‑week Middle East ceasefire. The rupee is likely to open in the 92.40-92.50 range versus the U.S. dollar, having settled at 93.0075 on Tuesday. Brent crude June futures plunged nearly 14% to $94.10 a barrel, U.S. equities rallied more than 2%, while South Korean and Japanese shares climbed ...Read More >
MUMBAI, April 7 (Reuters) - Pricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded rupee futures and onshore forwards. However, bankers are wary of taking positions amid heightened regulatory risks, four market participants said. The recent spate of measures, including limits on net open FX positions of banks in the deliverable rupee market, has led to a reversal of chunky arbitrage banks, unleashing heavy doll ...Read More >
NEW DELHI, April 6 (Reuters) - India's top court on Monday rejected billionaire Anil Agarwal-led Vedanta's plea to pause the acquisition by Adani group of a bankrupt real estate giant, which includes a $4 billion pool of prized assets including India's only Formula One track. Agarwal's Vedanta is fighting in courts against the decision of a lenders' panel to give the assets of bankrupt Jaiprakash Associates to fellow tycoon Gautam Adani's group, setting up a battle between billionaires for ass ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
NEW DELHI, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
NEW DELHI, April 1 (Reuters) - India said it would not apply its strict tax evasion rules on foreign investments made before April 2017, easing concerns among global investors on Wednesday after a court order in a Tiger Global case raised fears of retrospective scrutiny. A landmark Supreme Court ruling in December said Tiger Global must pay taxes on its $1.6 billion sale of a stake in an Indian company in 2018. The judges said Tiger Global used its Mauritius units that were only "conduits", and ...Read More >
NEW DELHI, April 1 (Reuters) - Coal India's sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the U.S.-Israeli war against Iran. Coal India's offtake, or sales to customers, rose 0.7% to 69.5 million tons in March, despite a 1.5% drop in its provisional output to 84.5 million tons, the company said in a stock exchange filing. The state-run company accounts for over ...Read More >
NEW DELHI, March 11 (Reuters) - Indian gas firm GAIL has bought an Omani liquefied natural gas cargo as the South Asian nation attempts to meet its natural gas demand, three trade sources said. GAIL has bought the prompt cargo for delivery next week from a European trader through negotiations at a fixed price of $17-$20 per million British thermal units, two of the three sources said. The cargo loaded on the vessel Orion Hugo, chartered by Shell, is scheduled to arrive in India around March ...Read More >
SINGAPORE - Indian musician Zubeen Garg died on Sept 19 after swimming in waters off St John's Island, and not while scuba diving as was initially reported by Indian media. In response to queries by The Straits Times on Oct 1, a spokesman for the Singapore Police Force (SPF) said it has extended a copy of the autopsy report, along with its preliminary findings on Zubeen's death to the High Commission of India upon their request. SPF had earlier ruled out foul play. The 52-year-old was with mo ...Read More >
MUMBAI, October 1 (Reuters) -The Indian rupee nudged higher on Wednesday in a modest advance that was still enough to notch its best day in two weeks after the Reserve Bank of India kept policy rates unchanged and the dollar slipped broadly as the U.S. government shut down. The rupee closed at 88.69 against the U.S. dollar, up 0.1% on the day, the most since September 17. The rupee hasn't gained in nine out of the last 10 sessions. Meanwhile the dollar slipped to a one-week low against major pe ...Read More >
India signed a 623.70 billion rupee ($7 billion; €6 billion) contract with national aircraft manufacturer Hindustan Aeronautics (HAL) on Thursday to modernize its armed forces. The deal involves the acquisition of 97 Tejas Mk-1A fighter jets that would be made in India. "This contract reflects the trust and confidence of the government and the armed forces in the indigenously developed aircraft Tejas, which will be the mainstay of the [Indian Air Force] in the years to come," wrote India's Def ...Read More >
NEW DELHI (Reuters) -India shared a warning on possible cross-border flooding with neighbour Pakistan on "humanitarian grounds" and not under the water-sharing Indus Waters Treaty between the old enemies, an Indian government source told Reuters on Monday. India's high commission in Islamabad shared the warning on Sunday, the source said, following heavy rains in the Jammu and Kashmir region bordering Pakistan. India's foreign ministry did not immediately respond to a request for comment. The ...Read More >
NEW DELHI (Reuters) -New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of ...Read More >
BENGALURU (Reuters) -Inter Kashi have been named champions of India's I-League after the Court of Arbitration for Sport ruled in favour of the club in their dispute with the All India Football Federation. In May, the AIFF named Churchill Brothers winners of the country's second division, after the governing body's appeals committee ruled against Inter Kashi for fielding an 'ineligible player' in Mario Barco. According to reports in Indian media, Inter Kashi registered Barco twice, signing the ...Read More >
New Delhi [India], July 12 (ANI): Ahead of the Bihar assembly elections, Union Minister and Lok Janshakti Party (Ram Vilas) president Chirag Paswan received a death threat on social media, his party spokesperson Rajesh Bhatt said on Friday. Bhatt also filed a complaint at the Cyber Police Station in Patna in the matter. As per the written complaint, the death threat was issued by an Instagram user under the name 'Tiger Meraj Idisi'. 'The threat was issued due to Paswan's growing popularity. T ...Read More >
NEW DELHI (Reuters) -The preliminary report from investigators probing the Air India crash that killed 260 people showed that seconds after takeoff, the Boeing 787 plane's engine fuel control switches were switched off briefly, starving them of fuel. Below are a few facts about the switches, their functions in the aircraft and their movements on the Air India flight. WHAT ARE FUEL SWITCHES? They are switches that regulate fuel flow into a plane's engines. They are used by pilots to start or s ...Read More >
NEW DELHI (Reuters) -India's aviation watchdog reprimanded Air India's budget carrier in March for not timely changing engine parts of an Airbus A320 as directed by European Union's aviation safety agency, and falsifying records to show compliance, a government memo showed. In a statement, Air India Express told Reuters it acknowledged the error to the Indian watchdog and undertook "remedial action and preventive measures". Air India has been under intense scrutiny since the June Boeing Dreaml ...Read More >
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged mani ...Read More >
NEW DELHI (Reuters) -India is committed to efforts to develop its restive territory of Jammu and Kashmir, Prime Minister Narendra Modi said on Friday, accusing neighbour Pakistan of seeking to destroy livelihoods there with April's deadly attack on tourists. He was speaking on his first visit to the Himalayan region since Islamist attackers targeted Hindu tourists in the popular Pahalgam area, killing 26 men, triggering hostilities between the nuclear-armed neighbours that ended in ceasefire la ...Read More >
NEW DELHI (Reuters) -The proposed World Bowling League has received a major boost after marquee India cricketer Virat Kohli came on board as a strategic investor on Wednesday. Apart from being the leading name in international cricket, Kohli is a social media phenomenon and the third-most followed athlete on Instagram behind footballers Cristiano Ronaldo and Lionel Messi. "The World Bowling League (WBL) is pleased to announce cricketing icon Virat Kohli as a strategic investor in the league, i ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.