Reuters India Business

BENGALURU (Reuters) -Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance …

Reliance to invest $220 million in Sanmina JV in electronics manufacturing push Read More »

By Florence Tan SINGAPORE (Reuters) -Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April, trade sources said on Wednesday, with differentials for most grades hitting all-time highs as global supplies tighten over financing and shipping issues from sanctions on Russia. The official selling price (OSP) for Saudi’s flagship Arab …

Saudi Arabia may raise April crude prices to Asia to all-time highs Read More »

By Simon Jessop LONDON (Reuters) – The corporate world remains far from being aligned with global climate goals, and in some countries has gone backwards since a landmark agreement to cap global warming was signed in 2015, data shows. Limiting the world’s temperature rise to 1.5 degrees Celsius above the pre-industrial average by mid-century was …

World’s major companies lag on climate, some markets regress since Paris Read More »

By Krishna N. Das NEW DELHI (Reuters) – India’s production and exports of Russia’s Sputnik COVID-19 vaccines are expected to slow further following U.S. sanctions on Russia’s sovereign wealth fund that promotes the shot globally, three Indian pharmaceutical industry sources told Reuters. The Russian Direct Investment Fund (RDIF) had billed India as one of Sputnik’s …

India’s output, exports of Russia’s Sputnik vaccine at risk due to Ukraine crisis Read More »

By Swati Bhat MUMBAI (Reuters) – Indian bond yields edged higher while the rupee weakened on Wednesday, tracking a sharp rise in global crude oil prices that threatens to push up domestic inflation and widen the country’s current account deficit. Oil prices rose as sanctions on Russian banks following Moscow’s invasion of Ukraine hampered trade …

Indian bonds, rupee fall tracking jump in oil; more losses likely Read More »

SINGAPORE (Reuters) – Singapore’s ministry of trade and industry (MTI) said on Wednesday it hoped the issue of India’s ban of popular gaming app “Free Fire”, owned by technology group Sea Ltd, could be resolved expeditiously. “‘Free Fire’ is a gaming app owned by Sea Ltd, a leading technology company founded and headquartered in Singapore. …

Singapore hopes India ban on Sea’s game can be resolved quickly Read More »

BENGALURU (Reuters) – India’s factory activity growth accelerated in February as the threat from a third COVID-19 wave eased, while some softening of price pressures meant demand and business expectations strengthened, a private survey showed. However, the survey was conducted before Russia invaded Ukraine, which led to an immediate spike in oil prices. India is …

India’s factory growth accelerated in Feb, inflation remains a concern Read More »