NEW DELHI (Reuters) – India has no current plans to allow extra imports of soymeal, a key animal feed, its trade minister Piyush Goyal said on Tuesday, despite calls from livestock breeders for more shipments to cool high prices. Last month, the All India Poultry Breeders Association asked the government to allow imports of 550,000 …
India has no plans to allow extra soymeal imports – trade minister Read More »
(This December 6 story corrects typographical error in executive’s name in seventh paragraph) By Sankalp Phartiyal NEW DELHI (Reuters) – Indian software services exporter HCL Technologies said on Monday it will create 12,000 new jobs in the United States through the next five years as part of a plan to shore up business and enhance …
India’s HCL Tech says to hire 12,000 in U.S. over 5 years Read More »
By Ana Mano SAO PAULO (Reuters) – India surpassed Brazil in food exports to the League of Arab States for the first time in 15 years as the COVID-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazil Chamber of Commerce to Reuters on Tuesday. The Arab world is among Brazil’s …
Exclusive-India unseats Brazil as No.1 food supplier to Arab nations after 15 years Read More »
DUBAI (Reuters) – Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) and Indian conglomerate Reliance Industries have agreed to start a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi, TA’ZIZ said in a statement on Tuesday. The joint venture, called TA’ZIZ EDC & PVC, will construct and operate a chlor-alkali, ethylene dichloride (EDC) …
Abu Dhabi chemical company, India’s Reliance form $2 billion production JV Read More »
By Aftab Ahmed and Nupur Anand MUMBAI (Reuters) – Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill …
Proposed India bill banning crypto payments could mean jail for violations -document Read More »
By Shivani Singh BENGALURU (Reuters) -Indian shares ended more than 1.5% higher on Tuesday, with banking and metal stocks bouncing back from the previous session after fears about the potential severity of the Omicron coronavirus variant eased. At the closing bell, the blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex were both …
Indian shares end higher on bank, metals boost as Omicron jitters wane Read More »
BENGALURU (Reuters) -India’s Spinny said on Tuesday it had raised $283 million in a funding round led by Abu Dhabi-based ADQ and Tiger Global, giving the used-car retailing platform a valuation of about $1.8 billion. The round includes a primary capital infusion of $250 million and a secondary sale of about $33 million by select …
Indian used-car platform Spinny valued at $1.8 billion in new funding round Read More »
(Repeats story published on Dec 6 with no changes to text) By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said. …
India central bank may refrain from reverse repo hike on Omicron worry Read More »
MOSCOW/NEW DELHI (Reuters) -Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC) with up to 2 million tonnes of crude next year, the Russian oil producer said in a press release on its website. “The new oil supply deal confirms the strategic nature of long-term partnership between Rosneft and Indian Oil”, head …
Russia’s Rosneft and Indian Oil sign 2022 crude supply deal Read More »
(Corrects policy day in lede to Wednesday from Thursday) By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said. Fifty economists …
India central bank may refrain from reverse repo hike on Omicron worry Read More »
