Reuters India Business

(Reuters) -Indian miner Vedanta said on Thursday its parent Vedanta Resources has secured a loan facility agreement worth up to $600 million with international banks to refinance its debt. Easing risks around refinancing – in which existing loans are replaced with a new one, typically at more favorable terms such as lower interest rates – …

Billionaire Agarwal’s Vedanta Resources secures up to $600 million to refinance debt Read More »

By Aditi Shah NEW DELHI (Reuters) -India is considering relaxing fuel efficiency norms for small cars after lobbying by Maruti Suzuki, which has seen sales of such cars drop amid an SUV boom, industry and government sources told Reuters. Small cars have been key to Maruti’s success in India and account for most of its …

India mulls easing fuel efficiency norms for small cars sought by Suzuki, sources say Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India’s annual monsoon rains are set to cover the entire country within the next three to four days, over a week ahead of their typical schedule, two senior weather officials said on Thursday, accelerating planting of summer-sown crops. The monsoon, the lifeblood of India’s nearly $4 trillion economy, delivers almost …

India’s monsoon set to cover entire country over a week early Read More »

By Arpan Chaturvedi and Neha Arora NEW DELHI (Reuters) -The Indian government has rejected a claim by trade bodies that its move to impose quality control curbs on copper cathode imports would lead to a monopoly, as 10 foreign suppliers have obtained certification, a legal document showed on Thursday. India, the world’s second-largest importer of …

India government asks court to reject challenge to copper import curbs Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The Reserve Bank of India’s (RBI) holdings of Indian government securities climbed to a record in absolute terms following aggressive debt purchases, but analysts anticipate a reduction as the year progresses. The RBI’s bond holdings rose to 12.78% of the outstanding issuances as of March-end from 10.55% at December-end, according …

India cenbank’s bond holding climbs to record, could ease in months ahead, say traders Read More »

By Manoj Kumar NEW DELHI (Reuters) -Trade talks between India and U.S. have hit a roadblock over disagreements on duties for auto component, steel and farm goods, Indian government sources said, dashing hopes of reaching an interim deal ahead of President Donald Trump’s July 9 deadline to impose reciprocal tariffs. Here are the key issues …

Factbox-Key issues in India, U.S. trade talks ahead of July 9 deadline Read More »