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Tuesday, October 1, 2024
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Oil prices slip as uncertain global outlook outweighs supply concerns

By Noah Browning LONDON (Reuters) -Oil prices were down on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand outweighed the prospect of tightening

India’s Mahindra Logistics swings to loss as costs bite

BENGALURU (Reuters) - India's Mahindra Logistics Ltd reported a swing to a fourth-quarter net loss on Monday against a profit a year ago, dented by higher operating expenses in a weak-demand

Strong Euro nears nine-year high versus Japanese yen

By Alun John LONDON (Reuters) - The euro gained a touch and the Japanese yen softened on Monday, at the start of a week containing a closely-watched Bank of Japan meeting and the last few data

Stocks tread water ahead of earnings reality-check

By Amanda Cooper LONDON (Reuters) -Global shares held steady on Monday ahead of a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the

UK’s Vedanta Resources cuts gross debt by $1 billion

BENGALURU (Reuters) - Vedanta Resources Ltd, the parent of Indian resources major Vedanta Ltd on Monday said it has trimmed its gross debt by $1 billion as the firm seeks to allay concerns over its

Oil prices steady on uncertain global outlook and supply concerns

By Noah Browning LONDON (Reuters) -Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of

India’s IndusInd Bank beats Q4 profit view on strong loan growth, lower provisions

BENGALURU (Reuters) - Indian private lender IndusInd Bank reported a bigger-than-expected rise in fourth-quarter profit on Monday, helped by strong loan growth and drop in provisions for bad loans.

India’s GAIL to get 4 LNG cargoes from Germany’s Sefe in May

By Nidhi Verma NEW DELHI (Reuters) - Indian gas firm GAIL (India) Ltd will get 4 cargoes of liquefied natural gas (LNG) from Germany's Sefe in May, equivalent to volumes it was getting under a deal

GAIL to get four LNG cargoes from Germany’s Sefe in May

The resumption of supplies from Sefe is crucial for GAIL, which reported an almost 93% slump in its December quarter profit due to lower gas sales triggered by supply disruptions.

Indian cos sometimes face delays in paying for Russian oil above $60/bbl – oil secretary

NEW DELHI (Reuters) - Indian companies "sometimes" face delays in paying for Russian oil priced above the $60 cap per barrel fixed by the Western nations, India's oil secretary Pankaj Jain said on

On Camera

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?