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By Nidhi Verma BENGALURU (Reuters) – India’s proposal for a biofuels alliance to promote cleaner fuel has attracted interest from a number of countries, including Russia and Brazil, Oil Minister Hardeep Singh Puri said on Monday. Puri announced last October that India, the world’s third biggest oil consumer, would use its G20 presidency to try …

India says its proposed biofuels alliance draws interest of Russia, Brazil among others Read More »

By Nidhi Verma and Shariq Khan BENGALURU, India (Reuters) – Novatek, Russia’s largest liquefied natural gas producer, has been in talks with Indian companies including GAIL on the supply of LNG and may consider taking payments in rupees, the company’s head Leonid Mikhelson said on Monday. He also said consumers in Europe, which have imposed sanctions …

Russia’s Novatek in talks with Indian companies on LNG, may consider rupees Read More »

By Siddhi Nayak and Nupur Anand MUMBAI (Reuters) – India’s Bank of Baroda is open to lending to the Adani Group going forward, provided the embattled conglomerate meets all of the bank’s underwriting criteria, a top executive at the state-run lender said on Monday. Investors have been worried about various banks’ exposure to the Adani …

India’s Bank of Baroda says open to lending to Adani Group Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday. A lower-than-expected planting area in the …

India’s wheat planting remains steady despite record high prices Read More »

BENGALURU (Reuters) – Shares of Vodafone Idea Ltd jumped nearly 25% on Monday after the Indian government allowed the carrier to convert the $2 billion interest on dues owed to the sovereign into equity, which could free up some cash flows in the near term. India had in 2021 approved a bailout package for the …

India’s Vodafone Idea surges on better cash flow hopes post debt conversion Read More »

BENGALURU (Reuters) – Retail vehicle sales in India jumped 14% to about 1.8 million units in January, the Federation of Automobile Dealers Associations (FADA) said on Monday, adding that a reopening of factories in China would help improve the supply of vehicles. After strict COVID lockdowns in China, the country is seeing an uptick in …

India’s retail vehicle sales up 14% in Jan, China reopening to boost supply – FADA Read More »

BENGALURU, India (Reuters) – Indian Prime Minister Narendra Modi said on Monday India represented a major opportunity for foreign investors in the energy sector as the nation looks to boost its local output while continuing to cut emissions. “India is the best place in the world for your investment today,” Modi told delegates at India Energy Week …

India PM Modi invites foreign investment in country’s energy sector Read More »