By Sarita Chaganti Singh NEW DELHI (Reuters) – The Indian government is considering selling state-owned NTPC Ltd’s two hydro power firms to NHPC Ltd to create a single hydro power company that would improve efficiency and cut costs, power minister R K Singh told Reuters. One large hydro power company would help meet high demand …
India looking to merge hydro power units to create single company -minister Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India will issue tenders for the installation of 250 gigawatts (GW) of green energy capacity by March 2028, according to a government memo released on Monday, as it looks to cut its emissions by 45% from 2005 levels. After missing a target to install 175 GW in …
India to issue tenders for 250 GW of new renewable capacity by March 2028 Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian currencies. The rupee ended the day at 82.3325 per dollar, as compared to its previous close of 82.1650. The announcement from …
Rupee knocked down by surging oil following output cuts Read More »
By Nidhi Verma NEW DELHI (Reuters) – Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the deal said. The decision by the two state-controlled companies to abandon the …
Exclusive-Russia shifts to Dubai benchmark in Indian oil deal – sources Read More »
BENGALURU (Reuters) – India’s manufacturing sector expanded at its quickest pace in three months in March on improved output and new orders, although firms shed jobs for the first time in over a year, a private business survey showed on Monday. Overall, the survey supports views that Asia’s third-largest economy is better placed than many …
India March factory activity hits 3-month high, but job cuts resume Read More »
MUMBAI (Reuters) – India has extended restrictions on the export of diesel and gasoline, the government said in a notification, as New Delhi tries to ensure the availability of refined fuels for the domestic market. The government had imposed the curbs on gasoline and gasoil exports through the end of the financial year on Friday. …
India extends export curbs on gasoline, diesel – government Read More »
NEW DELHI (Reuters) – Most of India will likely experience above-normal high temperatures between April and June, the national weather forecaster said on Saturday. More days than average of heatwave are likely over most parts of central, east, and northwest India during the season, the India Meteorological Department (IMD) said. In the plains, a temperature …
Most of India to face above-normal April-June heat – forecaster Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The spread between the yields of Indian state and central government bonds is likely to widen gradually in the new financial year, as state bond supply is expected to remain elevated, analysts said. India’s union government is set to borrow a record 15.43 trillion rupees ($187.75 billion) in the …
Spread between Indian state, central govt bond yields to widen in FY24 – analysts Read More »
By Bharat Gautam and Deep Kaushik Vakil (Reuters) – Gold prices were on track for a second straight quarterly rise on Friday, as growing bets that the U.S. Federal Reserve will slow the pace of interest rate hikes drew investors to the metal. Spot gold was down 0.6% at $1,968.25 per ounce by 2:26 p.m. …
Gold eases but remains on course for quarterly rise Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – A group of 125 law firms has called for a reform that will allow the entry of foreign firms into India to be put on hold, calling the proposal “discriminatory” and saying it creates an unlevel playing field between local and overseas companies. In a 20-page letter to …
Indian law firms ask entry of foreign firms to be put on hold-letter Read More »
