By Aftab Ahmed, Manoj Kumar and Krishna N. Das NEW DELHI (Reuters) – India may take up a Russian offer to buy crude oil and other commodities at a discount, two Indian officials said, in a sign that Delhi wants to keep its key trading partner on board despite Western attempts to isolate Moscow through …
As West shuns Moscow, officials say India eyes more cheap Russian oil Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation in February for a second consecutive month exceeded 6%, above the central bank’s tolerance limit, while economists said policy rates were unlikely to rise soon given worries over economic recovery. Consumer prices rose 6.07% in February, boosted by rising costs of …
India’s Feb retail inflation up 6.07% y/y, above RBI target for 2nd month Read More »
By Aditya Kalra and Chris Thomas NEW DELHI/BENGALURU (Reuters) – Investors in India’s Paytm do not have access to customer data of its payments bank, CEO Vijay Shekhar Sharma told Reuters in an interview on Monday, seeking to allay concerns over reports of user data being leaked to Chinese firms. Paytm is backed by China’s …
Investors in India’s Paytm have no access to payments bank data, CEO says Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India aims to launch an $8 billion IPO of state-run Life Insurance Corp (LIC) by mid-April, two government sources said, after the issue was delayed from an original timeline of March due to market volatility following Russia’s invasion of Ukraine. In what would be the …
India likely to delay insurance giant LIC’s record IPO to mid-April -sources Read More »
By Sarah El Safty DUBAI (Reuters) -The chief executive of Brazil’s Raízen, the world’s largest sugar maker, on Monday described as “necessary” a fuel price hike by Brazil’s state-run oil company Petrobras seen as potentially boosting his company’s business as well. Raízen is Brazil’s largest producer of ethanol, which competes with gasoline. A rise in …
CEO of Brazil’s Raízen sees Petrobras fuel price hike as ‘necessary’ Read More »
BENGALURU (Reuters) – The Indian government was closely monitoring global energy markets as well as potential energy supply disruptions due to the evolving geopolitical situation between Russia and Ukraine, junior oil minister Rameswar Teli said. The government was ready to take suitable measure to mitigate market volatility and calm the rise in oil prices, the …
India junior oil minister says govt closely monitoring global energy markets Read More »
NEW DELHI (Reuters) – India’s merchandise trade deficit in February widened to $20.88 billion from $13.12 billion during a year ago period, revised data released by the government showed on Monday. India’s merchandise exports rose by a one-fourth to $34.57 billion from $27.63 billion a year earlier, while imports rose 36.07% to $55.45 billion in …
India’s Feb trade deficit widens to $20.88 billion – trade ministry Read More »
BENGALURU (Reuters) – Shares of India’s largest private-sector lender HDFC Bank rose nearly 3% to a two-week high on Monday after the central bank lifted restrictions placed on the company’s digital operations for more than a year. The stock has underperformed its peers and the broader market since the Reserve Bank of India (RBI) imposed …
India’s HDFC Bank shares rise as cenbank lifts curbs on digital ops Read More »
NEW DELHI (Reuters) – The Indian government sought parliamentary approval on Monday for net extra spending of 1.07 trillion rupees ($13.96 billion)in the current financial year ending in March 2022, that would include spending of 149 billion rupees on fertilisers subsidies. It is seeking approval for gross spending of 1.58 trillion rupees including a net …
India seeks parliament approval for $14 billion extra spending in 2021/22 – statement Read More »
MUMBAI (Reuters) – Indian police briefly detained Vijay Shekhar Sharma, the founder and CEO of the fintech firm Paytm in New Delhi in February for a minor road accident, local media said on Sunday. A case was registered against Sharma by the New Delhi police for “rashness and negligent driving” said Reuters TV partner ANI. …
India’s Paytm chief detained briefly for negligent driving: reports Read More »
