Reuters India Business

By Ira Dugal and Aftab Ahmed MUMBAI (Reuters) -The Reserve Bank of India has scheduled an additional meeting of its policy-setting committee to potentially discuss its response to the government on its failure to stick to its inflation target for three quarters in a row. This meeting of the central bank’s Monetary Policy Committee (MPC) …

India cenbank calls meet to discuss response to govt on missing inflation target Read More »

NEW DELHI (Reuters) -India’s Tata group and Airbus will make the C-295 transport aircraft in the country, the government said on Thursday, the first such production by a local private company amid a push for an expansion of defence manufacturing. India, among the world’s largest defence importers, has been trying to cut its reliance on …

Tata and Airbus to make defence aircraft in India in local manufacturing push Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed. Iraq remained the top supplier while Russia overtook Saudi Arabia as the second biggest after a …

India’s Russian oil binge sends Middle East imports to 19-mth low -trade Read More »

BENGALURU (Reuters) – India’s PC Jeweller Ltd reported a quarterly profit on Thursday compared to a year-ago loss, as bullion demand surged ahead of key festivals and the wedding season. Profit stood at 859.2 million rupees ($10.44 million) for the three months ended Sept. 30, compared to a loss of 788.9 million rupees a year …

India’s PC Jeweller posts quarterly profit on festive gold demand Read More »

LONDON (Reuters) – BHP Group is teaming up with steelmaker ArcelorMittal and two others to test a new technology to reduce carbon emissions in steel making at two plants in Belgium and North America. The trials, at ArcelorMittal’s Gent steel blast furnace in Belgium and another plant in North America, also involve Japan’s Mitsubishi Heavy …

BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bonds with a one- to five-year tenure are primed for medium-term gains at current levels, a fixed income official at LIC Mutual Fund said. “The short-end is already at its peak and is unlikely to rise from current levels. The rate hikes and tight liquidity conditions are …

India govt 1-5 yr bonds ripe for medium-term gains –LIC MF Read More »

MOSCOW (Reuters) – Russia’s No.2 lender VTB on Wednesday said it had opened a special “vostro” account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India. It follows a similar move by Russia’s dominant lender Sberbank, which on …

Russia’s VTB Bank opens ‘vostro’ account at Indian branch Read More »