By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India could sell more than 6 million tonnes of sugar on the world market this year with a World Trade Organization ruling that it flouted the rules by offering export subsidies unlikely to have an impact on overseas sales, trade officials said. Robust sugar exports …
India could export 6 million T sugar despite WTO ruling -trade officials Read More »
By Sankalp Phartiyal NEW DELHI (Reuters) -India has approved a $10 billion incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub. Under the plan, India’s government will extend fiscal support of up to 50% …
India outlines $10 billion plan to woo global chip makers Read More »
BENGALURU (Reuters) -Indian shares fell for a fourth straight session on Wednesday as investors braced for the U.S. Federal Reserve to announce a quicker unwinding of pandemic-era stimulus, while worries about the Omicron coronavirus variant further dented sentiment. The NSE Nifty 50 index closed 0.6% lower at 17,221.4, while the S&P BSE Sensex slipped 0.57% …
Indian shares, rupee weaken as investors brace for Fed; Omicron weighs Read More »
BENGALURU (Reuters) – India’s TVS Motor Company said on Wednesday it will develop electric vehicles (EV) with BMW’s motorcycle brand in India, joining a host of Indian automakers that have sought to expand their clean mobility offering. Earlier in the day, TVS shares jumped as much as 7.4% after media reports said the companies were …
India’s TVS Motor and BMW Motorrad tie up to make electric vehicles Read More »
BENGALURU (Reuters) -Shares of digital payments firm Paytm tumbled as much as 13% to hit their lowest since a dismal debut last month after a lock-in period for anchor investors in the company’s initial public offering ended on Wednesday. Paytm’s shares crashed more than 27% in debut on Nov. 22 following India’s largest public offering …
India’s Paytm slides as anchor investors lock-in period expires Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) -Rapeseed output in India, the world’s biggest importer of vegetable oils, is likely to rise as much as 29.4% this year as farmers plant more area with the winter-sown oilseed, a leading trade body said on Tuesday. Production is expected to stand at 10-11 million tonnes in the crop …
Rising Indian rapeseed output could reduce vegoil imports Read More »
By Emma Farge GENEVA (Reuters) – A World Trade Organization panel ruled in favour of Brazil, Australia and Guatemala on Tuesday in their trade disputes with India over sugar subsidies and asked New Delhi to conform with global rules. In the cases brought before the WTO in 2019, the rival producers alleged that India had …
WTO panel tells India to comply with trade rules on sugar Read More »
By Manoj Kumar NEW DELHI (Reuters) -India’s annual wholesale price-based inflation, a proxy figure for producers’ prices, accelerated to a record high in November, boosted by increases in manufacturing and food prices, fuelling concerns of rising inflationary pressure. Annual wholesale price-based inflation rose to 14.23% in November, its highest since April 2005, according to data …
India’s Nov WPI inflation hits a record of 14.23% y/y Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares fell on Tuesday, dragged down by auto and financial stocks, amid growing fears of surging inflation in the country and ahead of a series of major central bank meetings this week, including the U.S. Federal Reserve. The blue-chip NSE Nifty 50 index closed 0.25% lower at 17,324.90 …
Indian shares fall on inflation worries, eye global cenbank decisions Read More »
MUMBAI (Reuters) – Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon. The streaming giant cut prices by 60%, to 199 rupees ($2.62) a month, for …
Netflix slashes India prices in battle with Disney, Amazon Read More »
