(Reuters) – Indian refiners’ crude oil processing in December rose about 4% from a year earlier, provisional government data showed, in line with elevated demand in the world’s third-biggest oil importer and consumer. Crude oil production last month was at 586,700 barrels per day (2.48 million tonnes), down nearly 1.2% year on year, the data …
Indian refiners’ oil processing in December rises 4% y/y Read More »
By John Kemp LONDON (Reuters) – India’s power generators have struggled to rebuild coal stocks so far this winter because consumption is rising faster than the rail network can deliver more fuel from the mines. Fuel stocks are only slightly higher than this time last year, when inadequate coal supplies coupled with higher than normal …
Column-India’s low coal stocks threaten electricity supply: Kemp Read More »
By Seher Dareen (Reuters) – Gold slipped on Friday as the dollar gained some ground in the wake of U.S. economic data, with investors still trying to pin down the Federal Reserve’s likely move on interest rates next week. Spot gold fell 0.2% to $1,925.99 per ounce by 11:05 a.m. ET (1605 GMT), giving up …
Gold dips as dollar gains after U.S. data; focus shifts to Fed Read More »
(Reuters) – Shares of India’s Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – controlled by one …
By Sarita Chaganti Singh NEW DELHI (Reuters) – India is working on a policy to classify economic activities and technologies into sustainable and non-sustainable categories to help investors looking for green projects, three government officials say. Under the proposal, similar to the Green Taxonomy pioneered by the European Union (EU), the government will certify sustainable …
India plans to classify clean activities, technologies under a new policy -sources Read More »
LONDON (Reuters) – Dollar bonds issued by entities of India’s Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms. The short seller report has cast doubts on how investors will respond to the company’s record $2.45 billion secondary sale. U.S. dollar-denominated bonds …
India’s Adani dollar bonds hit lowest since November Read More »
BENGALURU (Reuters) -India’s Bajaj Auto rose as much as 7.5% on Friday after reporting a bigger-than-expected third-quarter profit on the back of strong domestic demand and price increases. Stock, which hit its highest level since early September, was the top gainer on the Nifty 50 index that is down 2%. The two- and three-wheeler maker’s …
BENGALURU (Reuters) – Indian active pharma ingredients maker Glenmark Life Sciences on Friday reported a narrow 1% rise in quarterly profit, as growth in its key generic active pharma ingredients (API) segment offset high costs of raw materials. The Mumbai-based drug maker’s profit rose to 1.05 billion rupees ($12.86 million) in the three months ended …
India’s Glenmark Life Sciences Q3 profit rises 1% on API strength Read More »
BENGALURU (Reuters) -Shares of Tata Motors Ltd, India’s No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in two years. The stock posted its biggest intraday jump in over 8 months, before easing to trade up about 5.2% at 440 rupees …
India’s Tata Motors surges 8% on first quarterly profit in 2 years Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s January sunflower oil imports are set to surge to a record 473,000 tonnes, nearly triple average monthly imports as top exporters Russia and Ukraine seek to reduce stockpiles, industry officials told Reuters. Record imports by India, the world’s biggest vegetable oil importer, come as sunoil’s discount to rival …
India’s sunoil imports rise to record as Russia-Ukraine fight for market share Read More »
