Reuters India Business

NEW DELHI (Reuters) -India’s digital revolution offers investment opportunities for U.S. companies and investors, the South Asian country’s finance minister said on Wednesday. “India’s Open Network for Digital Commerce has revolutionised the retail and manufacturing sector,” Nirmala Sitharaman said on Wednesday at a business conference in the Indian capital, adding that this offered business opportunities …

India’s digital revolution offers investment opportunities to U.S., says Finance Minister Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) -India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third pushback on a commitment to clean up dirty air. Indian cities have some of the world’s most polluted air. Thermal …

India extends emissions deadline for coal-fired plants for third time Read More »

NEW DELHI (Reuters) – India has set up a panel to review the pricing formula for locally produced gas to ensure “fair price to the end consumer”, according to a government order seen by Reuters, a move aimed at lowering inflation and boosting use of the cleaner fuel. The panel has to submit its report …

India panel to review locally produced gas pricing formula -govt order Read More »

By M. Sriram MUMBAI (Reuters) – SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor’s smallest bets in India by its Vision Fund, which typically signs bigger cheques, two sources told Reuters. SoftBank has for years been a …

SoftBank plans $35 million bet on India’s GoMechanic – sources Read More »

MUMBAI (Reuters) – The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions are unlikely to derail India’s economic recovery from the pandemic, rating agency Moody’s said in a release on Tuesday. Moody’s Investor Service retained its sovereign rating on India at Baa3 with a stable outlook, the release showed. “Principal credit …

Moody’s retains India’s sovereign credit rating at Baa3 stable Read More »

By Naveen Thukral SINGAPORE (Reuters) – Abundant rice supplies in key exporters may largely offset an expected drop in output after floods in Pakistan and severe heatwave in China damaged crops, capping any gains in prices from steady Asian demand. Pakistan, the world’s fourth-largest rice exporter, suffered extensive damage to agriculture, including rice, as floods …

Ample world rice supplies to cushion impact of Pakistan, China crop losses Read More »

MUMBAI (Reuters) -Research house Nomura expects India’s current account deficit (CAD) as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country’s trade imbalances. In a note dated Sept. 5, the research house said it now expects India’s CAD to rise to …

Nomura raises India’s current account deficit estimate on fears of export slowdown Read More »