NEW DELHI, Dec 18 (Reuters) – India’s parliament approved on Thursday a landmark atomic energy bill that allows private and foreign companies to enter the nuclear power sector, as the energy-hungry country targets a tenfold jump in nuclear power capacity to 100 gigawatts by 2047. The legislation marks a major shift for the sector which …
Dec 18 (Reuters) – India’s second-largest telecom operator, Bharti Airtel, on Thursday appointed Soumen Ray as its group chief financial officer. Ray was most recently the finance chief for Bharti Airtel India, a role he held for the last four years. He will be succeeded by Akhil Garg, who has been with Airtel for 12 …
India’s Bharti Airtel names Soumen Ray as group finance chief Read More »
By Jayshree P Upadhyay and Nikunj Ohri MUMBAI/NEW DELHI, Dec 18 (Reuters) – India has proposed enhanced investigative powers for the markets regulator and conflict-of-interest disclosures by its board, according to a bill tabled in parliament on Thursday. The proposed changes aim to strengthen the regulator’s ability to examine financial misconduct in the world’s fastest-growing …
India proposes greater powers for markets regulator, conflict disclosure by its board Read More »
By Ahmed Elimam, Shivangi Acharya and Manoj Kumar DUBAI/NEW DELHI, Dec 18 (Reuters) – India signed an economic partnership agreement with Oman on Thursday to boost bilateral trade and investment as it seeks to expand Middle East ties and diversify trade to beat steep U.S. tariffs. Oman has offered zero-duty access on over 98% of …
India signs trade pact with Oman as it expands Middle East ties Read More »
NEW DELHI, Dec 18 (Reuters) – India’s Chennai Petroleum Corp (CPCL) plans to expand its south India-based Manali refinery’s capacity to 280,000 barrels per day from 210,000 bpd and enter fuel retailing as part of a growth strategy, a top executive said on Thursday. The company is a subsidiary of the country’s top refiner, the …
India’s Chennai Petroleum Corp to raise capacity at key Manali refinery, exec says Read More »
By Sethuraman N R and Rajendra Jadhav NEW DELHI, Dec 18 (Reuters) – India aims to shield sugarcane farmers from income losses by managing surplus supplies through exports and diverting more sugar for ethanol production, a senior government official said on Thursday. Higher exports from the world’s second-largest sugar producer could pressure benchmark New York …
India to tackle sugar surplus with higher exports, ethanol diversion Read More »
By Vivek Kumar M Dec 18 (Reuters) – Indian equity benchmarks struggled for direction on Thursday before closing lower for a fourth straight session, as lack of fresh triggers kept investors cautious, while gains in information technology stocks capped broader market losses. The Nifty 50 eased 0.01% to 25,815.55 points and the BSE Sensex lost …
Indian shares close lower after struggling for direction; IT gains cap losses Read More »
By Jaspreet Kalra MUMBAI, Dec 18 (Reuters) – The Indian rupee extended gains slightly on Thursday, after rebounding from a record low in the previous session following central bank market intervention, which also contributed to a rise in merchant dollar sales, traders said. The rupee closed at 90.24, 0.1% stronger than Wednesday’s close of 90.38 …
Rupee extends intervention-spurred rise, merchant flows dominate Read More »
By Jayshree P Upadhyay and Hritam Mukherjee MUMBAI, Dec 17 (Reuters) – India’s markets regulator on Wednesday approved changes to mutual fund fee structures to provide more transparency to investors, but postponed a decision on a new framework aimed at addressing conflicts of interest among its senior officials. The Securities and Exchange Board of India …
India markets regulator revises mutual fund fees, defers conflict framework decision Read More »
By Noel John and Sarah Qureshi Dec 17 (Reuters) – Silver prices surpassed $66 an ounce to a record high on Wednesday, while gold firmed as hopes of rate cuts by the U.S. Federal Reserve renewed after signs of a weak labor market, and as escalating U.S.-Venezuela tensions boosted safe-haven demand. Spot silver rose nearly …
Silver tops $66 for first time; gold up 1% on soft US labor market Read More »
