BENGALURU (Reuters) – India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030, but coal will remain a key source of electricity generation for the next decade, Moody’s Ratings said on Thursday. India, a major greenhouse gas emitter, has said it aims …
By Sudarshan Varadhan and Sarita Chaganti Singh NEW DELHI (Reuters) – Sweltering heat and policy measures are fuelling a surge in the use of gas-fired power in India, with imports of liquefied natural gas (LNG) forecast to rise sharply over the next two years, industry officials and experts say. The country’s gas-fired power generation doubled …
Scorching heat drives India’s gas-fired power use to multi-year highs in May Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened on Thursday despite broad gains in Asian currencies, which were pushed higher by improved odds of the Federal Reserve cutting policy rates later this year. The rupee was at 83.43 against the U.S. dollar as of 09:35 a.m. IST, down from its close at 83.37 …
Rupee falls though Asian peers gain; forward premiums tick up Read More »
By Rahul Paswan (Reuters) – Gold prices gained over 1% on Wednesday as bond yields fell after weaker-than-expected U.S. private payrolls data bolstered expectations that the Federal Reserve would cut interest rates later this year. Spot gold was up 1.2% at $2,355.49 per ounce, as of 1830 GMT, after a 1% fall in the previous …
Gold rises, yields retreat after softer US jobs data Read More »
LONDON (Reuters) – Indian businessman Prateek Gupta, who said in March he had cash flow problems in paying to defend himself against fraud accusations from commodity trader Trafigura, has changed lawyers, according to a court website. Gupta is being represented by London law firm Preston Turnbull, the court website showed on Wednesday. He had been …
Gupta changes lawyers in Trafigura case after citing cash flow problems Read More »
By Shivansh Tiwary NEW DELHI (Reuters) -Indian carrier Akasa Air expects deliveries of Boeing’s 737 MAX 10 planes by the summer of 2027 and also expects the aircraft to be certified by then, Akasa’s chief executive officer Vinay Dube told Reuters on Wednesday. Akasa Air, the newest entrant to the Indian aviation industry, began flying …
India’s Akasa Air expects Boeing 737 MAX 10 deliveries, certification by 2027 Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares jumped over 3% on Wednesday, marking its best one-day gain in over three years after key allies pledged their support to form a new government following a narrow win for Prime Minister Narendra Modi’s alliance. The NSE Nifty 50 index ended up 3.4% at 22,620.35 points …
Indian shares surge as Modi’s allies pledge support to form government Read More »
By Neha Arora NEW DELHI (Reuters) – India’s ministry of steel is against limiting imports of low ash metallurgical coke, a steelmaking ingredient, according to a source familiar with the matter and a government note, in a potential blow for local producers of the raw material. After complaints from local producers about rising imports since …
India’s steel ministry against import curbs on key raw material Read More »
By Shivansh Tiwary and Chris Thomas NEW DELHI (Reuters) – Indian low-cost carrier Spicejet plans to raise $250 million in the next two months in a new funding round, Chairman Ajay Singh told the CAPA India Aviation Summit on Wednesday. SpiceJet had announced three fundraises in 2023 to help clear unpaid dues and restore its …
India’s SpiceJet plans to raise $250 million, chairman says Read More »
By Nidhi Verma NEW DELHI (Reuters) – India plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia’s third-largest economy seeks a bigger chunk of revenue from surging trade, two government officials said. The South Asian nation is spending billions of dollars …
Exclusive-India plans new shipping firm to capture revenue from growing trade Read More »
