NEW DELHI (Reuters) – India’s soybean production is expected to drop as patchy monsoon rains in August stunted the crop in some key growing areas, industry officials and farmers said on Thursday. India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for …
India’s soybean output likely to drop y/y amid erratic rains – industry Read More »
BENGALURU (Reuters) -India’s aviation regulator said on Thursday it suspended Tata Group-owned Air India’s chief of flight safety for a month after it found some lapses in the accident prevention work conducted by the airline. The Directorate General of Civil Aviation (DGCA) said an internal audit found deficiencies in the availability of necessary technical manpower as …
Indian aviation watchdog suspends Air India’s flight safety chief over lapses Read More »
By Archishma Iyer (Reuters) – India’s benchmark indexes extended declines for the third consecutive session on Thursday, dragged by IT stocks, after the U.S. Federal Reserve signalled that interest rates could stay higher for longer. The Nifty 50 was down about 0.6% to 19,776.55 points as of 10:00 a.m. IST – its lowest since Sept …
India shares dip for third straight day on hawkish Fed Read More »
NEW DELHI (Reuters) -India will face little difficulty in securing potash from foreign suppliers despite a diplomatic row with Canada, one of the suppliers of the key crop nutrient, industry and government officials said on Wednesday. Potash supplies from Canada have been steady, they said. Ties between India and Canada deteriorated sharply after New Delhi …
India counting on potash supplies despite diplomatic row with Canada -officials Read More »
By Aditi Shah and VarunVyas Hebbalalu NEW DELHI (Reuters) -Indian budget carrier Akasa Air has been forced to cut flights in the short-term after many of its pilots quit abruptly, sparking a legal dispute in court where the company has warned that further resignations may even force it to shut down. A small set of …
India’s Akasa Air cuts flights as pilots quit, flags shutdown risk in court Read More »
By Ashitha Shivaprasad (Reuters) – Gold slightly pared gains on Wednesday after the U.S. Federal Reserve held interest rates unchanged but struck a hawkish stance for future policy. Spot gold was up 0.6% at $1,942.19 per ounce at 2:41 p.m. EDT (1841 GMT) after rising as much as 0.9% earlier in the session. U.S. gold …
BENGALURU (Reuters) – Specialty investment firm Asia Healthcare Holdings, backed by U.S. private equity investor TPG and Singapore sovereign fund GIC, has acquired a major stake in India’s Asian Institute of Nephrology and Urology (AINU) for 6 billion rupees ($72.1 million), the companies said on Wednesday. Global investors are scouting India’s healthcare market to buy …
GIC, TPG healthcare fund buys major stake in Indian hospital chain for $72 million Read More »
BENGALURU (Reuters) – Indian hospital chain operator Manipal Hospitals said on Wednesday it has acquired an 84% stake in AMRI Hospitals in its bid to expand its presence in eastern India. Kolkata-based AMRI Hospitals is owned by FMCG-to-realty conglomerate Emami Group and comprises of over 1,200 beds, over 800 doctors and 5,000-plus healthcare professionals. “In …
India’s Manipal Hospitals acquires 84% stake in AMRI Hospitals Read More »
NEW DELHI (Reuters) – The Indian government will sell an up to a 4.92% stake in utility company SJVN Ltd this week, a stock exchange filing showed on Wednesday. It said plans to sell the 4.92% stake included selling 2.46% if the sale is oversubscribed. The floor price for the sale has been set at …
Indian government to sell up to 4.92% stake in utility SJVN Read More »
BENGALURU (Reuters) – French oil major TotalEnergies will invest $300 million to form a joint venture (JV) with Adani Green Energy on a project related to renewable energy, according to an exchange filing on Wednesday. The JV will have a capacity to generate 1,050 megawatt of alternating current (MWac) from solar and wind power. TotalEnergies …
France’s Total to invest $300 million to form JV with Adani Green Read More »
