By Marcelo Teixeira (Reuters) – India, the world’s second-largest sugar producer and a major exporter in recent years, will likely have a smaller role in the sugar export market going forward as its government-led ethanol program continues to expand, a report said on Monday. According to the report Asia Biofuel Outlook, produced by research firm …
India’s ethanol program will cap future sugar exports – BMI report Read More »
By Mayank Bhardwaj and Sumit Khanna NEW DELHI (Reuters) – An Indian court rejected PepsiCo Inc’s appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company’s popular Lay’s potato chips. The Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked intellectual protection granted …
Indian court turns down PepsiCo’s appeal against revocation of potato patent Read More »
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian company said. Air India and IndiGo between them have nearly 1,000 new planes on order, said Maneck Behramkamdin, associate vice president and business …
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar Read More »
By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) – Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last …
Foxconn dumps $19.5 billion Vedanta chip plan in blow to India Read More »
NEW DELHI (Reuters) – The Indian government has collected 5.2 trillion rupees in direct taxes from April 1 to July 9, it said in a statement. The figure is 15% higher than in the same period last year. Net tax collected by the government over the same period was 4.8 trillion rupees, the government said. …
(Reuters) -U.S. private investment firm Bain Capital is in talks to buy Indian ice cream maker Vadilal and also considering taking control of Vadilal Industries and Vadilal Enterprises, which make and market the ice cream, CNBC-TV18 reported on Monday. Bain Capital is also interested in merging the two Vadilal entities and is valuing Vadilal’s ice …
Bain Capital in talks to buy Indian ice cream maker Vadilal – CNBC-TV18 Read More »
MUMBAI (Reuters) – India’s market regulator, in a new filing to the Supreme Court, defended a 2019 change in rules for reporting by offshore funds, saying the alteration did not make it tougher to identify ultimate beneficiaries of offshore funds. The change in rules was cited as one factor by a Supreme Court-appointed committee that …
India market regulator defends rule change on offshore investors Read More »
By Nidhi Verma BENGALURU (Reuters) – India’s Hindustan Petroleum Corp Ltd has received six or seven bids from industries to lease a part of its Chhara liquefied natural gas (LNG) import terminal on the west coast, the LNG unit’s chief executive said on Monday. HPCL aims to commission the terminal, with a planned capacity of …
India’s HPCL gets bids to lease part of Chhara LNG terminal Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India wants to become a global hub for the production of green hydrogen, manufactured by splitting water molecules using renewable energy. It is an ambitious plan for a country whose hydrogen consumed currently is produced mostly with fossil fuels. Although first production is expected only in 2026, …
Factbox-India’s green hydrogen push and challenges Read More »
MUMBAI (Reuters) – A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5% in the July-September quarter, at least three economists said. The country’s inflation eased to between 4% and 5% in April and May, inching towards the central bank’s 4% target, and …
Soaring vegetable prices may tip India’s delicate inflation balance -economists Read More »
