By Nidhi Verma and Shivam Patel NEW DELHI, Dec 2 (Reuters) – Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.S. pressure on the South Asian nation. Russia …
Russia’s Putin seeks to boost energy, defence exports with India visit Read More »
Dec 2 (Reuters) – India’s aviation regulator said on Tuesday it was investigating Air India after the airline operated an aircraft eight times without a valid airworthiness review certificate, a document issued annually that ensures compliance with safety standards. The regulator did not name the aircraft type but its news release’s title referenced the registration …
India investigates Air India after plane flown repeatedly without safety certificate Read More »
By Shivam Patel NEW DELHI, Dec 2 (Reuters) – India’s imports of Russian oil may decline for only “a brief period” as Moscow plans to boost supplies, using sophisticated technology to avert the impact of Western sanctions, Kremlin spokesperson Dmitry Peskov said on Tuesday. His remarks came ahead of President Vladimir Putin’s two-day visit to …
Kremlin says decline in India’s imports of Russian oil may be temporary Read More »
NEW DELHI, Dec 2 (Reuters) – Russian President Vladimir Putin will visit India this week for a summit with Prime Minister Narendra Modi aimed at boosting energy, defence and economic ties, as Moscow seeks to secure oil sales amid tightening Western sanctions. Moscow’s energy exports are a key revenue source but international sanctions imposed after …
By Bharath Rajeswaran and Vivek Kumar M Dec 2 (Reuters) – India’s equity benchmarks fell for a third consecutive session on Tuesday as concerns over foreign outflows and the rupee falling to a record low fuelled profit booking. The Nifty fell 0.55% to 26,032.2 and Sensex lost 0.59% to 85,138.27. The indexes scaled record highs …
India stock benchmarks fall for 3rd straight session, financials drag Read More »
By Jaspreet Kalra MUMBAI, Dec 2 (Reuters) – The Indian rupee fell to a record low on Tuesday, extending losses sparked by the absence of a trade deal between India and the United States, which has dented trade and portfolio inflows. The currency touched 89.9475 against the U.S. dollar before ending at 89.87, down nearly …
Rupee hits record low as outflows, trade limbo keep bearish bias intact Read More »
Dec 2 (Reuters) – India’s Fireside Ventures has raised 22.65 billion rupees (around $253 million) for its fourth fund, the consumer-focused venture capital firm said on Tuesday, bolstering its plans to back the country’s rapidly expanding new-age consumer brands. The fund drew investment from a mix of global and domestic investors, including U.S. university endowments, …
India’s Fireside Ventures raises $253 million for fourth fund Read More »
By Nimesh Vora MUMBAI, Dec 2 (Reuters) – Hedging against the Indian rupee’s weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment. The 1-year dollar/rupee forward premium climbed 7 basis points on Tuesday, taking its …
Hedging against India rupee weakness turns costlier as 90/USD looms Read More »
By Rajendra Jadhav MUMBAI, Dec 2 (Reuters) – India’s sugar production in the first two months of the 2025/26 season, which began on October 1, rose 43% from a year earlier, driven by better recovery rates and faster crushing across major producing states, leading industry bodies said on Tuesday. The higher output is expected to …
India’s October-November sugar output rises 43% on higher recovery rates Read More »
(In Dec. 1 story, corrects CEO’s quote to add the word “not”) By Dharamraj Dhutia and Khushi Malhotra MUMBAI, Dec 1 (Reuters) – Indian non-bank lender Piramal Finance aims to raise around 150 billion rupees ($1.67 billion) in the December-March period, focusing mostly on local borrowing, a company official said. The company aims to raise …
