BERLIN (Reuters) – Germany cannot expect India to impose sanctions on Russian oil but is happy Russia is selling oil at a lower price and receives smaller revenues as a result, a German government source said on Thursday ahead of Chancellor Olaf Scholz’s trip to India. Germany and India agree on who is the aggressor …
Germany cannot expect India to impose sanctions on Russian oil: govt source Read More »
BENGALURU (Reuters) -The chief executive of India’s Zee Entertainment Enterprises has challenged insolvency proceedings initiated against the company by India’s bankruptcy court, according to a statement from his office on Thursday. Punit Goenka has filed an appeal with the quasi-judicial National Company Law Appellate Tribunal, and still expects a timely completion of a merger with …
India’s Zee Entertainment CEO challenges co’s insolvency admission Read More »
By Swati Bhat and Ira Dugal MUMBAI (Reuters) – Risks to India’s growth are higher than the risk of further inflation as major drivers of price increases are dissipating, justifying a pause in further rate hikes, Jayant Varma, an external member of the country’s monetary policy panel said on Thursday. The Reserve Bank of India has …
Need to pause rate hikes as risks to India’s growth significant – rate panel’s Varma Read More »
By Praveen Paramasivam CHENNAI (Reuters) – Metro Brands Ltd, which sells Crocs clogs in India, is hiring between 1,500 and 2,000 workers in the country to staff the new footwear stores it plans to open by the end of 2025, its chief executive told Reuters. The company, which had 720 stores as of end-2022 and …
Indian footwear retailer Metro hiring up to 2,000 store workers-CEO Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the country’s largest lender said on Thursday. While loans to this segment have been growing fast, defaults have thus far been few. “We cannot have …
Indian banks may face rise in bad loans from retail, small businesses – SBI official Read More »
By Nikunj Ohri (Reuters) -India’s exports may see tepid growth this year as the country’s major export markets are forecast to decline sharply in 2023, the government said. Growth of global trade fell in 2022, “and is expected to be still lower in 2023 with a further decline in volume and value of trade on …
India’s exports may see tepid growth in 2023 – govt Read More »
By Manoj Kumar, Aditya Kalra and Anushree Fadnavis DARLAGHAT, India (Reuters) – For truckers transporting cement from Adani’s factories in a hilly north Indian state, a U.S. short-seller’s critical research report on the giant conglomerate was a godsend they say helped them save their livelihoods. For weeks, around 7,000 truck owners and drivers in India’s …
Indian truckers say Hindenburg report a godsend in Adani dispute Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India does not plan to lift a ban on broken rice exports and cut a 20% tax on overseas shipments of white rice as the world’s biggest exporter of the grain tries to keep a lid on domestic prices, two government sources said on Thursday. …
By Ira Dugal and Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India need not keep raising rates until prices fall as it risks overshooting the inflation-adjusted real rate, which at around 1% now is appropriate for the economy, an external member of the country’s monetary policy committee said. The 250 basis points of …
Real interest rate of about 1% appropriate for Indian economy – rate panel’s Goyal Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent economic data will mean more aggressive interest rate increases by central banks, pressuring economic growth and fuel demand. Brent crude futures settled $2.45, or 3%, lower at $80.60 …
Oil drops 3% as high inflation risks stoke demand worries Read More »
