scorecardresearch
Tuesday, May 7, 2024
HomeBusiness

Business

Indian rupee hits 13-week low tracking dollar strength

MUMBAI (Reuters) - The Indian rupee hit a 13-week low on Monday, weighed down by broad strength in the dollar, while markets looked for developments on the U.S. debt ceiling and the trajectory of rate

India’s CESC posts rise in Q4 profit as demand for electricity grows

BENGALURU (Reuters) - Indian power generation and distribution company CESC Ltd reported a 2.1% rise in quarterly profit on Monday, aided by higher electricity output ahead of summer. Consolidated net

Oil steady as U.S. default risk offsets demand outlook

By Noah Browning LONDON (Reuters) -Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower

Indian Oil Corp: Middle East deals squeezed out by Russian crude

DUBAI (Reuters) - The chairman of Indian Oil Corporation , the country's top refiner by capacity, on Monday said he remained committed to term contracts with the Middle East but spot purchases from

Gold struggles for direction with US debt talks in standstill

By Arundhati Sarkar (Reuters) - Gold prices were flat on Monday, as traders looked for more clarity around the U.S. debt ceiling negotiations and the Federal Reserve's interest rate path. Spot gold

Dollar calm as debt ceiling talks to resume

By Samuel Indyk and Kevin Buckland LONDON (Reuters) - The dollar was steady against the euro and yen on Monday, as U.S. debt ceiling negotiations were set to resume and after Federal Reserve Chair

European shares tentative as nerves over US debt talks linger

By Stella Qiu and Rae Wee SYDNEY/SINGAPORE (Reuters) - European shares were off to a cautious start on Monday while Wall Street futures struggled, with traders left on edge as U.S. debt ceiling

Gold eases on steady dollar, US debt talks lend support

By Kavya Guduru (Reuters) - Gold prices pulled back on Monday as the dollar steadied, but drawn-out discussions regarding the U.S. debt ceiling and Federal Reserve Chair Jerome Powell's less-hawkish

India’s PhonePe raises additional $100 million from General Atlantic

BENGALURU (Reuters) - Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its

Oil down 1%, US debt caution offsets supply worries

By Florence Tan and Mohi Narayan (Reuters) -Oil prices slipped on Monday as caution around U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from

On Camera

AI is doing the brave work humans are still squeamish about—using they/them pronouns

The hullaballoo over LinkedIn bot’s pronoun use comes on a day when CJI DY Chandrachud used the phrase ‘pregnant person’ in his judgment. It is a thing now. Get with the programme.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Indian Coast Guard seizes Iranian fishing vessel, rescues six Indian crew members

The ICG said in a statement that the boat was seized and brought to Kochi for further investigation on May 6.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.