NEW DELHI (Reuters) – Britain and India signed a new defence cooperation agreement on Friday and will look to complete a free trade deal by the end of the year, their leaders said after a meeting in New Delhi. UK Prime Minister Boris Johnson said Britain will also help India build its own fighter jets. …
Britain, India agree to expand defence, trade ties Read More »
By Aftab Ahmed NEW DELHI (Reuters) -New Delhi is halving its fundraising goal for Life Insurance Corporation of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut its valuation estimates after feedback from investors, a government source said. The drastic lowering of ambitions for the IPO – which would still be India’s …
India slashes LIC’s IPO fundraising goal in half to $3.9 billion -source Read More »
By Neha Arora and Chris Thomas NEW DELHI (Reuters) – India’s federal financial crime fighting agency raided offices of Jindal Steel & Power Ltd (JSPL) in New Delhi on Thursday over a suspected violation of foreign exchange regulations, a source familiar with the matter said. The federal Enforcement Directorate (ED) also conducted searches in Gurgaon, …
India’s financial crime watchdog raids JSPL offices – source Read More »
By Andrew MacAskill AHMEDABAD, India (Reuters) – British Prime Minister Boris Johnson indicated he was ready to offer more visas to India in return for this year clinching a free-trade deal that could boost annual bilateral trade by billions of pounds. Speaking on the plane on his way to the world’s second-most populous country, Johnson …
British PM Johnson signals visa flexibility with India to win trade deal Read More »
By Andrew MacAskill AHMEDABAD, India (Reuters) – British Prime Minister Boris Johnson indicated he was ready to offer more visas to India in return for this year clinching a free-trade deal that could boost annual bilateral trade by billions of pounds. Speaking on the plane on his way to the world’s second-most populous country, Johnson …
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By Seher Dareen (Reuters) – Gold slipped 1% to a two-week low on Thursday pressured by elevated U.S. Treasury yields and firmer risk appetite, with investors expecting aggressive policy tightening by the Federal Reserve. Spot gold was down 0.6% to $1,944.85 per ounce by 1437 GMT, after hitting its lowest level since April 8. U.S. …
Gold retreats on rising yields as Fed rate hikes loom Read More »
By Aditi Shah NEW DELHI (Reuters) – India plans to impose heavy penalties and mandate recalls if electric vehicle (EV) companies are found to be negligent, as part of new “quality-centric” rules, the country’s transport minister said, after a spate of fires involving e-scooters. In the meantime, companies may take advance action to recall all …
India plans to penalise companies, mandate recalls after EV fires – minister Read More »
By Nidhi Verma NEW DELHI (Reuters) – India, the world’s third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said on Thursday after a meeting with Brazilian Energy Minister Bento Albuquerque. Currently India imports only a fraction of its oil imports from Brazil. “We have …
India keen to boost oil imports from Brazil – India oil minister Read More »
BENGALURU (Reuters) -Indian shares marked their best session since April 4 on Thursday, buoyed by sharp gains in conglomerate Reliance Industries and beaten-down information technology stocks, while automakers climbed to two-month highs. The NSE Nifty 50 index jumped 1.49% to 17,392.6, while the S&P BSE Sensex rose 1.53% to 57,911.68. The indexes are still down …
Indian shares see best day in over two weeks as Reliance, autos climb Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – Three of India’s most industrialised states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push global coal prices to new highs. The scale of the purchases and the decision to go back on …
Exclusive-India’s big industrial states plan massive coal imports to stave off shortages Read More »
