Reuters India Business

MUMBAI (Reuters) – India’s consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said. India’s annual retail inflation accelerated to a five-month high of 7.41% in September from 7% in the previous month, data released on Wednesday showed. Food inflation, which accounts …

India’s retail inflation rate likely peaked in September – analysts Read More »

BENGALURU (Reuters) -Passenger vehicle sales for September in India nearly doubled to 307,389 units from a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. Production for the month also rose 88% to 372,126, the Indian auto industry lobby group said. Sales in the world’s fourth-largest car market have rebounded as crippling …

India passenger vehicle sales nearly double in September Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before Sept. 8, the government said in a notification on Wednesday, as a sudden ban on exports of the grain prevented the loading of cargoes. On Sept. 8, India banned exports of broken …

India allows broken rice exports backed by already issued LCs Read More »

LONDON (Reuters) – Britain still wants to agree a free trade deal with India by Diwali later this month, Prime Minister Liz Truss’s spokesman said on Wednesday. Former Prime Minister Boris Johnson, who met Indian leader Narendra Modi in April, set an ambitious target to sign the free trade agreement by Diwali, the Indian festival …

Britain still wants free trade deal with India by Diwali Read More »

BENGALURU (Reuters) – The Reserve Bank of India’s slew of rate hikes this year to combat surging inflation will help lift banks’ net interest margins, but the increase will be limited as funding costs will rise faster than loan rates, Moody’s Investors Service said. The RBI has now raised rates by a total 190 basis …

Rate hikes to have limited impact on Indian banks’ profits – Moody’s Read More »

By Mohi Narayan NEW DELHI (Reuters) – India’s green energy companies, such as Adani Green, owned by billionaire Gautam Adani’s Adani Group, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals. India is one of the world’s biggest greenhouse gas emitters and …

Indian energy firms join hands to develop a carbon market Read More »

By Tanvi Mehta and Aditya Kalra NEW DELHI (Reuters) – Sequoia Capital-backed Bira 91 said on Wednesday it will buy beverage chain operator The Beer Cafe for an undisclosed price, giving the Indian craft beer maker access to more restaurants and pubs as dining out becomes a preferred option again. Started in 2015, Bira is …

Indian craft beer maker Bira 91 to buy Beer Cafe Read More »