NEW DELHI (Reuters) -Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices. “There is no sanctions on Russian oil as of now. We will continue to buy unless the government decides otherwise,” said A K Singh, chairman of ONGC. ONGC’s two …
India’s ONGC to keep buying Russian oil if prices economical, chair says Read More »
By Aditya Kalra and Aditi Shah NEW DELHI/LUCKNOW (Reuters) -The Indian government is facing a backlash from motorists after the nationwide rollout of fuel blended with 20% ethanol, amid fears – stoked by a lack of clarity from some automakers – that it may affect the performance of particularly older vehicles. India, the world’s third …
India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling Read More »
(Reuters) -India’s economy unexpectedly expanded 7.8% year-on-year in the April-June quarter, picking up from 7.4% in the previous three months, data released on Friday showed. Economists polled by Reuters had forecast growth likely cooled to 6.7% in the quarter and said it would continue to slow as a sharp hike in U.S. tariffs threatens Indian …
India’s economy grows 7.8% in April-June quarter Read More »
NEW DELHI (Reuters) -India’s fiscal deficit in April-July was 4.68 trillion rupees ($53.48 billion) or 29.9% of the estimate for the financial year ending March 31, government data showed on Friday. KEY NUMBERS * Net tax receipts at 6.6 trillion rupees compared with 7.1 trillion rupees a year earlier * Non-tax revenue at 4 trillion …
India’s April-July fiscal deficit at 29.9% of 2025/26 target Read More »
(Reuters) -India’s Dreamfolks said on Friday that three of its customers, including the country’s third-largest lounge operator, Encalm Hospitality, would end their contracts with the airport lounge access provider. Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing. The discontinuation of the contracts would have a material impact …
India’s Dreamfolks says three customers to terminate lounge services contracts Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee plummeted to record lows on Friday, breaching the 88-per-dollar mark for the first time on concerns that punitive U.S. tariffs could hurt growth and further hit portfolio flows. Washington imposed an additional 25% tariff on Indian goods this week, doubling the total duties faced by the South …
Rupee plunges to all-time low on steep US tariffs, logs 4th month of loss Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks fell for a second straight month in August, as punitive U.S. tariffs on Indian goods are expected to hit economic growth and corporate earnings. The Nifty 50 index dropped 0.3% to 24,426.85 points at close on Friday, taking the month’s losses to 1.4%. The …
Indian equity benchmarks post 2nd straight monthly loss as US tariffs drag Read More »
By Nikunj Ohri MUMBAI (Reuters) -Indian Prime Minister Narendra Modi’s plans for sweeping tax cuts are at risk of facing a delay as states governed by key opposition parties have sought compensation for any revenue loss from the planned changes. In a rare move, Modi used his Independence Day speech to announce sweeping goods and …
India’s consumer tax cuts at risk of delay as states wrangle over future revenues Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -A unit of Oil India is likely to raise around 50 billion rupees ($565 million) through the sale of short-term bonds next month, two merchant bankers said on Friday. Numaligarh Refinery, based in the state of Assam, is looking to issue its debut notes with a maturity of three years …
Oil India unit plans $565 million debut bond issue, bankers say Read More »
NEW DELHI (Reuters) -India is taking steps to diversify its exports and boost domestic demand to support exporters hit by “unilateral action” taken by a country, trade minister Piyush Goyal said on Friday. It was Goyal’s first public comment since the doubling of U.S. tariffs on Indian goods to up to 50% took effect this …
India taking steps to diversify exports and boost demand, trade minister says Read More »
