scorecardresearch
Monday, May 13, 2024
HomeBusiness

Business

Oil prices rebound after hitting lowest since 2021 on banking fears

By Stephanie Kelly NEW YORK (Reuters) -Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector

French software firm OVH expands into India aiming to capitalise on growing cloud adoption

OVH said, the new data centre in Mumbai will provide Indian businesses with local computer and storage infrastructure to meet changing data compliance needs.

Oil prices hit lowest levels since 2021 on banking fears

By Noah Browning LONDON (Reuters) - Oil prices dropped to their lowest levels in 15 months on Monday on concerns that risks in the global banking sector and a potential increase in U.S. interest rates

Bank shares rise after Credit Suisse rescue eases crisis

By Amanda Cooper, Tom Westbrook and John Revill (Reuters) - U.S. banking stocks rose on Monday and Europe's lenders recovered from a sharp early sell-off after UBS Group's state-backed takeover of

Adani Group says engaging with financial institutions over Gujarat petchem project

BENGALURU (Reuters) - India's Adani Group said, on Monday, its engagement with financial institutions over a petrochemical project at Mundra in the western state of Gujarat was still ongoing. The

Explainer-How resilient are Indian lenders amid a global banking turmoil?

By Siddhi Nayak MUMBAI (Reuters) - Turbulence in the United States and the European banking sectors has prompted Indian policymakers to assure investors that the domestic financial institutions are

Gold flirts with record highs after topping $2,000 an ounce

By Peter Hobson LONDON (Reuters) - Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S. dollar terms after banking sector turmoil sent prices of the safe haven

Indian central bank fines RBL Bank for non-compliance with rules on loan recovery agents

BENGALURU (Reuters) - The Reserve Bank of India (RBI) said on Monday it fined private lender RBL Bank Ltd 22.7 million rupees ($274,915) for not complying with certain directives on loan recovery

IndiGo CEO says delayed jet deliveries limiting growth

By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -Delays in getting airplane deliveries from Airbus due to supply chain disruptions are limiting IndiGo's ability to grow as quickly as it would like in

How resilient are Indian lenders amid a global banking turmoil?

PM Modi and RBI governor Shaktikanta Das have both said that local lenders are strong, after the US banking crisis spilled over to the Indian stock market and rattled bank stocks.

On Camera

Fourth phase is high noon of 2024 Lok Sabha polls. It could end in a draw for INDIA & NDA

This phase belongs to the ‘non-aligned’ parties. They could play a critical role in the eventuality of a hung parliament, which looks much more likely than it did one month ago.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Pensionless Maha Vir Chakra awardee who trained Mukti Bahini continues to fight for rights

Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.

What’s common between Netflix Chamkila and Trudeau’s trouble-infested Canada? They don’t get Punjab

Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.