Reuters India Business

By Aditya Kalra DAVOS, Switzerland (Reuters) – Vedanta will finalize a location for its $20 billion semiconductor and display plants in India by mid-June and will have the first chip product ready in two years, its Chairman Anil Agarwal said on Wednesday. Oil-to-metals conglomerate Vedanta said in February it will diversify into chip manufacturing and …

Vedanta to finalize $20 billion Indian chip, display unit site by mid-June -Chairman Read More »

By Aftab Ahmed NEW DELHI (Reuters) -India will continue to buy “cheap oil” from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. “We will get cheap oil from Russia,” the government official told reporters on Wednesday, adding that the average price at which …

India to continue buying ‘cheap’ Russian oil, discount to be finalised – source Read More »

NEW DELHI (Reuters) – India could start sugar’s new marketing year on Oct. 1 with carry forward stocks of 6.2 million tonnes even after exporting a record 10 million tonnes, the top official at the food ministry said on Wednesday. On Tuesday India imposed restrictions on sugar exports for the first time in six years …

India to start new sugar season with 6.2 million T of stocks Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) -India’s power ministry has sought a two-year extension for utilities to install emission-cutting equipment, which if approved by the environment ministry would mark the third pushback on a commitment to clean up dirty air. Indian cities have some of the world’s most polluted air. Thermal utilities, which produce 75% …

India power ministry seeks 2-yr extension to emissions deadline Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India has imposed restrictions on sugar exports for the first time in six years by capping this season’s exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market. The government …

India restricts sugar exports at 10 million tonnes Read More »

By Aditya Kalra DAVOS, Switzerland (Reuters) – India’s Tata Steel is concerned New Delhi’s sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told Reuters on Tuesday. India imposed an export tax of …

Tata Steel says India export tax could alter output targets Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) -India has slashed how much domestic coal power plants can expect to receive in June by 11.1% and asked some utilities to import more to increase inventories as power demand surges, according to an internal federal power ministry memo seen by Reuters. India has reversed a policy to cut …

India tells utilities to expect less domestic coal in June Read More »