Page 745 - Reuters/14

Rupee to cling to 82 against US Dollar ahead of RBI rate decision

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

RBI set to raise rates 25 bps on elevated inflation, keep hawkish stance

Retail inflation rose 6.44% year-on-year in February, easing from 6.52% in January but has remained above the RBI's mandated target range of 2%-6% for 10 out of the last 12 readings

Power generation grows at fastest pace in 33 years, fuelled by coal

Output from plants running on fossil fuels rose 11.2 per cent, the quickest growth in over three decades, thanks to a 12.4 per cent surge in electricity production from coal

S&P 500 dips, Treasury yields fall as soft data fuels recession worries

The Nasdaq joined the S&P 500 in the red, while defensive stocks helped buoy the Dow into positive territory, while 10-year Treasury yields extended their decline, touching levels last seen in Sept

Embattled Adani Group trumpets stable ties with international lenders

Several of the banks already have business relationships with the group, ties which the conglomerate has previously pointed to as a sign of its strength to counter Hindenburg's allegations

Refiners' February crude processing stays elevated amid robust demand

India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil

Steel export falls five-year low, imports at four-year high in FY23

During April-January, India's imports of Russian steel reached an eight-year high, and shipments were nearly five times higher than in the same period a year ago

Amul India's former MD Sodhi joins Reliance Retail's grocery division

R.S. Sodhi, former managing director of India's largest dairy brand Amul, has joined the grocery division of Reliance Industries retail unit, a person with direct knowledge of the matter told Reuters

Financials, IT aid rise in Indian shares ahead of RBI rate decision

The Nifty 50 closed 0.91% higher at 17,557.05, while the S&P BSE Sensex rose 0.99% to 59,689.31. Both the benchmarks have extended gains for a fourth session in a row

Gold price extends rally as weak US data bolsters Fed slowdown bets

The dollar index steadied, but was still near two-month lows, making bullion cheaper for buyers holding other currencies

India's Godrej Consumer Products estimates double-digit Q4 sales growth

India's Godrej Consumer Products Ltd on Wednesday estimated its sales grew in double digits in the 4th quarter, led by strong domestic demand for its home and personal care products

McKinsey shutting down restructuring business, reports Wall Street Journal

Some partners in the restructuring unit, called McKinsey RTS, were laid off and others are being absorbed into other practices, the report added

Finland becomes member of Nato, Russia threatens 'counter-measures'

Finland's accession roughly doubles the length of the border that Nato shares with Russia and bolsters its eastern flank as the war in Ukraine grinds on with no resolution in sight

No contamination found in samples of eye drops linked to US deaths: Report

Indian tests found the samples to be of standard quality, the report said, nearly two months after U.S. agencies warned against using the Artificial Tears eye drops

General Motors' 5,000 salaried workers take buyouts to leave company

GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results

JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company

Bank of Baroda stops clearing payment for above-cap Russian oil: Report

The state-run lender told refiners last month that it would not settle payment from Russian barrels bought above the price cap, the three sources said

Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes

The latest pledges bring the total volume of cuts by Opec+ to 3.66 million bpd, including a 2 million barrel cut last October, equal to about 3.7 per cent of global demand

Dollar sags after weak data, investors bet on Fed near to end of hike cycle

Sterling rose to a new 10-month high against the dollar, while the euro reached its highest since February

Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer

Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere