By Sudarshan Varadhan NEW DELHI (Reuters) – India may need up to 28 gigawatts of new coal-fired power plants by 2032 to meet power demand that is expected to more than double from the current 404.1 GW, a government advisory body said, signalling more increases in coal use by the world’s third-largest greenhouse gas emitter. …
India may need up to 28 GW in new coal-fired plants – advisory body Read More »
NEW DELHI (Reuters) – Tata Group-owned Air India said on Monday that it will lease 30 Boeing and Airbus aircraft, expanding its fleet by more than 25%. Air India’s new owner, the autos-to-steel conglomerate Tata Group, faces an uphill task to upgrade the carrier’s ageing fleet and turn around its financials and service levels. “After …
Air India to expand fleet with 30 Boeing and Airbus jets Read More »
MUMBAI (Reuters) – The domestic and global monetary policy stance will be more important for gauging the outlook for Indian bonds than inclusion to indexes, Capital Economics said in a note. The 10-year benchmark India bond yield last week fell to its lowest level in a month following a media report that JPMorgan was in …
Policy outlook, not bond inclusion, key for Indian yields – Capital Economics Read More »
BENGALURU (Reuters) -WazirX, linked to the world’s largest digital currency exchange Binance, said on Monday its bank accounts were unfrozen by India’s financial crime-fighting agency after more than a month. The federal Enforcement Directorate (ED) had launched its investigation last year into the company for suspected violations of foreign exchange regulations and froze its assets …
Binance-linked WazirX says India unfreezes bank accounts Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares were on track for a third straight session of gains on Monday, boosted by technology stocks, while investors awaited domestic inflation data for cues on the pace of the central bank’s rate hikes. The NSE Nifty 50 index, with most of its major sub-indexes in the positive territory, …
Indian shares rise on tech rally; inflation data eyed Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government’s new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports of broken rice and imposed a …
India’s rice export curbs trap 1 million T at ports as buyers refuse to pay duty Read More »
NEW DELHI (Reuters) – India’s second-biggest private refiner Nayara Energy, part-owned by Russian oil major Rosneft, has appointed Prasad K. Panicker as chairman, replacing Tony Fountain, the company said in a statement. Panicker will continue to hold his current roles as director and head of refinery, starting his new post from Oct. 3, the company …
Russia-backed Indian refiner Nayara names Panicker as chairman Read More »
By Brijesh Patel (Reuters) – Gold rose on Friday as the dollar’s retreat temporarily seemed to stave off some pressure on the precious metal from prospects of more interest rate hikes. Spot gold rose 0.5% to $1,716.30 per ounce by 1:55 p.m. ET (1755 GMT), after rising to its highest since Aug. 30 earlier in …
Gold gains as dollar dip offsets some pressure from rate hike bets Read More »
By Nupur Anand MUMBAI (Reuters) -Indian lender Yes Bank is likely to approve the transfer of stressed assets worth 480 billion rupees ($6 billion) to private equity firm J.C. Flowers at its next board meeting, said a source with direct knowledge. A rival consortium led by private equity firm Cerberus and Asset Reconstruction Company of …
Yes Bank to approve J.C. Flowers as buyer for its $6 billion stressed loan portfolio Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) -India restricted rice exports after shipments jumped sharply in the past few months and amid concerns over the new season crop because of below-average rainfall in four key producing states, a top government official said on Friday. India banned exports of broken rice and imposed a …
India curbed rice exports after rise in shipments lifts local prices Read More »
