Reuters India Business

By Arathy Somasekhar (Reuters) – Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged …

Oil soars 3% to 7-yr highs on Ukraine jitters, tight supplies Read More »

(Reuters) – Feb 11 (Reuters) – Gold prices rose on Friday and were on track for their biggest weekly percentage gain in three months, helped by a pullback in U.S. Treasury yields and as growing inflation concerns boosted the metal’s safe-haven appeal. Spot gold XAU= was up 0.4% at $1,833.49 per ounce by 11:42 a.m. …

Gold heads for best week in 3 months as inflation worries mount Read More »

By Aditi Shah NEW DELHI (Reuters) – Ford Motor Co said on Friday it is considering producing electric vehicles (EVs) in India for export, and possibly for sale in the domestic market, just months after the U.S. automaker decided to stop selling and manufacturing cars in the country. Ford’s comments mark a shift in strategy …

Ford reconsiders India after halting production, this time for EVs Read More »

By Manoj Kumar NEW DELHI (Reuters) -Indian and Australian negotiators are close to clinching a limited trade pact or so-called “early harvest agreement”, India’s commerce and industry minister Piyush Goyal said on Friday after talks with his Australian counterpart. The negotiations should be complete within 30 days, Goyal told a joint news briefing with Australian …

India and Australia close to sealing early trade pact, Indian minister says Read More »

NEW DELHI (Reuters) – India is hoping to cut diesel use by farms to zero and migrate the agriculture sector to renewable energy as early as 2024, the Power Ministry said on Friday, as a part of its broader plan to transition to cleaner energy sources. “India will replace diesel with renewables to achieve target …

India hopes to replace diesel with green energy in its farms by 2024 Read More »

NEW DELHI (Reuters) – India’s annual industrial output growth slowed to 0.4% in December from 2.2% in the same month a year earlier, dragged down by a contraction in manufacturing, government data showed on Friday. Analysts polled by Reuters had expected a rise of 1.3% in December compared to 1.4% in the previous month. (Reporting …

India’s December industrial output growth slows to 0.4% y/y Read More »

By Aditi Shah NEW DELHI (Reuters) – Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under India’s $3.5 billion scheme to boost clean fuel vehicles, the government said on Friday. The federal cabinet last year approved a plan under which it will give benefits …

Ford, Suzuki to get incentives under India’s $3.5 billion clean fuel scheme Read More »

By Sethuraman N R BENGALURU (Reuters) -Indian shares ended sharply lower on Friday, dragged by worries of more foreign outflows after red-hot U.S. inflation data increased bets on aggressive interest rate hikes by the Federal Reserve. The NSE Nifty 50 index fell 1.3% to 17,374.75, while the S&P BSE Sensex closed 1.3% lower at 58,152.92. …

Indian shares end lower as U.S. inflation sparks foreign outflow fears Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s basmati rice exports plunged a fifth from a year ago to the lowest level in four years in 2021 as top buyer Iran slashed purchases after its rupee reserves dwindled, government and industry officials said. The country’s basmati rice exports in 2021 fell 20% from a year ago …

India’s basmati rice exports hit 4-yr low as Iran trims buying Read More »