Reuters India Business

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India is expected to harvest a bumper wheat crop in 2023 as high domestic prices and replenished soil moisture help farmers surpass last year’s planting, while an intense heat-wave cut output this year. Higher wheat output could encourage India, the world’s second biggest producer of …

India eyes bumper wheat harvest in 2023 as record prices lead to more sowing Read More »

By Shilpa Jamkhandikar and Nandan Mandayam MUMBAI (Reuters) – The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighbourhood, with a 50 billion rupee ($612 million) bid, a state official said on Tuesday. Believed to be the largest slum in Asia, Dharavi …

Indian billionaire Adani’s firm wins bid to develop vast Mumbai slum Read More »

By Aditi Shah, Aftab Ahmed and Gleb Stolyarov NEW DELHI (Reuters) – Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft and trains, four sources familiar with the matter said, as sanctions squeeze Russia’s ability to keep vital industries running. The list, a version of …

Exclusive-India asked by sanctions-hit Russia for parts for key sectors – sources Read More »

By Nimesh Vora MUMBAI (Reuters) – Month-end flows and speculative positions betting on a rise in the Indian rupee are likely responsible for the increase in demand for cash dollars this week, traders said on Tuesday. This demand has pushed the USD/INR cash swap rate to levels below those implied by the rupee and dollar …

Month-end flows, bets on Indian rupee’s gain lift cash dollar demand – traders Read More »

By Jonathan Saul LONDON (Reuters) – The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said on Tuesday. The world’s largest investment banks expect global economic growth to slow further in …

Global shipping growth at risk from economic gloom, UNCTAD says Read More »

(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The ratings agency now projects real gross domestic product growth of 3.8% next year, down from its previous forecast of a 4.1% expansion. “The …

S&P Global lowers 2023 growth forecast for emerging markets Read More »

BENGALURU (Reuters) -Indian stocks logged record highs yet again on Tuesday, aided by an uptick in fast-moving consumer goods (FMCG) and metal stocks, tracking Asian peers that rebounded after China’s decision to support property developers to boost demand. The S&P BSE Sensex rose 0.46% to 62,792.40, touching record high levels for the fourth day in …

Indian shares log new highs led by FMCG, metal stocks Read More »