By Fayaz Bukhari SRINAGAR, India (Reuters) – Fruit growers in Indian-administered Kashmir said on Monday they were facing huge losses as truck-loads of apples, pears and other produce got caught up in traffic jams caused by a security crackdown during an annual Hindu pilgrimage. Hundreds of thousands of people come through the contested region to …
Kashmir growers fear for their fruit in pilgrimage traffic jams Read More »
(Reuters) – Australia and India on Monday agreed to a partnership to strengthen their co-operation in developing critical metal projects and supply chains, Australia’s resources minister said. Demand for critical metals like lithium and cobalt has soared in recent times due to their usage in electric vehicles amid a global push towards cleaner sources of …
BENGALURU (Reuters) – Automaker Maruti Suzuki India Ltd will phase out vehicles that run completely on petrol in seven to ten years, the Economic Times newspaper reported on Monday, citing a senior executive. The move comes as Maruti, India’s biggest car manufacturer, looks to update its product offerings in line with green targets set by …
India’s Maruti Suzuki to phase out pure petrol-powered cars in 10 years – ET Read More »
NEW DELHI (Reuters) – India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, Revenue Secretary Tarun Bajaj told Reuters on Monday. The tax on firms that have increased product exports to gain from higher …
India to drop windfall tax if oil prices fall $40 a barrel Read More »
By Ashitha Shivaprasad (Reuters) – Gold fell on Friday en route to a third straight weekly dip as a firm dollar and looming rate hikes soured appetite for the non-yielding asset, while India’s import tax hike on bullion also dampened its demand prospects. Spot gold fell 0.1% to $1,804.81 per ounce by 1:52 p.m. ET …
Gold heads for weekly dip as hawkish cenbanks dull appeal Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India on Friday imposed a ban on single-use plastics on items ranging from straws to cigarette packets to combat worsening pollution in country whose streets are strewn with waste. Announcing the ban, the government dismissed the demands of food, beverage and consumer goods companies to hold off the …
India bans on single-use plastic to combat pollution Read More »
By Jonathan Cable and Leika Kihara LONDON/TOKYO/WASHINGTON (Reuters) – Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China’s strict COVID-19 lockdowns and Russia’s invasion of Ukraine added to supply chain disruptions, surveys showed. From the United States to the euro zone, activity at …
Factory data dampen global hopes for ‘soft landing’ Read More »
By Sayantani Ghosh (Reuters) – A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology …
Chip stocks hammered as Micron forecast signals waning demand Read More »
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – British snack chain Pret will adapt its menu to local tastes when it opens in Indian cities and airports under a partnership with retail giant Reliance to try to satisfy the nation’s growing appetite for upmarket refreshment. As part of its broader plan to target …
With a dash of spice, Reliance and Britain’s Pret bet on India’s changing tastes Read More »
By Pratima Desai LONDON (Reuters) – Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China’s COVID lockdowns, inflation, rising interest rates and stalled growth. The speed and magnitude of the fall was unexpected and partly reflects the sale of metal such as aluminium …
Why sentiment in industrial metals has been crumbling Read More »
