Reuters India Business

BENGALURU (Reuters) – India’s coal ministry said https://bit.ly/3NvxfXQ on Wednesday it sought assistance from the World Bank and other global institutions for re-purposing its abandoned coal mines to make them environmentally stable and suitable for commercial purpose. Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are …

Indian coal ministry seeks help from World Bank to re-purpose abandoned mines Read More »

By Aditi Shah NEW DELHI (Reuters) – Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and make semiconductor solutions, the firms said on Wednesday. The move comes as a persistent global shortage of semiconductor chips has hobbled the automotive and electronics industries, among others, forcing production …

Japan’s Renesas, India’s Tata Motors partner to develop chip solutions Read More »

By Andrea Shalal and Timothy Gardner ABOARD AIR FORCE ONE/WASHINGTON (Reuters) -Talks on agreeing and implementing a price cap on Russian oil exports have begun with large oil consuming countries, including India, and will soon start with smaller consumers in Africa and Latin America, U.S. officials said on Tuesday. The officials said that after G7 …

U.S. talking with India on Russia oil price cap, small consumers next -officials Read More »

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India is considering allowing mills to ship out stocks of raw sugar that have piled up in ports and warehouses, trade and government sources said on Tuesday, weeks after it imposed curbs on overseas sale of the sweetener. Additional shipments from India, the world’s biggest …

India considers allowing some exports of raw sugar – source Read More »

BENGALURU (Reuters) – Shares of India’s Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company’s deal to buy local grocery delivery startup Blinkit. The Ant Group-backed food delivery firm said on Friday it would acquire Blinkit for 44.47 billion rupees …

India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal Read More »

By Swati Bhat MUMBAI (Reuters) -The Indian rupee hit record lows against the U.S. currency on Tuesday after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses. The partially convertible rupee was trading at 78.75/76 per dollar by 0745 GMT, compared to its close of …

India rupee at record lows, but RBI intervention slows slide Read More »

By Gertrude Chavez-Dreyfuss (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That’s the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. It’s elusive. The merge was supposed to …

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’ Read More »