By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India will seek an easing of European Union steel import quotas and tarrifs in talks for a new trade deal as Indian steelmakers struggle to sell the alloy in one of world’s big markets, a senior government official said. Last year, India and the EU …
India to seek easing of EU steel quotas, tarrifs in trade talks Read More »
MUMBAI (Reuters) – Indian gold futures hit a record high on Friday, tracking gains in overseas market, but the price rise dampened demand in the world’s second biggest consumer of the precious metal, dealers said. Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous record of 56,191 rupees hit in …
Indian gold prices hit record high, dampening demand -dealers Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Pernod Ricard violated the liquor policy of India’s capital city by financially supporting retailers who in exchange stocked more of the French company’s brands and boosted its market share, the country’s financial crimes agency alleges. India’s Enforcement Directorate said in court documents filed in November …
Exclusive-India alleges France’s Pernod violated Delhi city rules to boost market share Read More »
By Sarita Chaganti Singh and Nidhi Verma NEW DELHI (Reuters) – India has set green hydrogen consumption targets for some industries, so as to generate demand for cleaner fuel in its quest to reach net zero by 2070, the government said on Friday, as it unveiled its policy for green energy. One of the …
India sets targets for green hydrogen use by some industries Read More »
MUMBAI (Reuters) – India’s federal government is likely to increase capital expenditure by 30% to 9 trillion rupees ($110.59 billion) in the next fiscal year to fuel growth, Barclays said. “In a pre-election year, we do not expect any material push to increase the pace of fiscal consolidation, and any extra fiscal room is likely …
India FY24 capex may rise 30% with focus on growth – Barclays Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the dollar on Friday following another fall in the U.S. inflation rate, while forward premiums rose to their highest level in two months. The rupee was trading at 81.4150 to the U.S. dollar by 10:50 a.m. IST, compared with 81.55 in the previous session. …
Rupee rises after benign U.S. inflation print, forward premiums jump Read More »
By Rama Venkat and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were lower on Friday, dragged by IT after revenue forecasts of major tech firms underscored sustained challenges with deal wins in Europe. The Nifty 50 index was down 0.32% at 17,801.10 as of 10:30 a.m. IST, while the S&P BSE Sensex declined 0.39% to 59,725.87. …
By Seher Dareen (Reuters) – Gold prices rose over 1%, hovering near the $1,900 per ounce pivot on Thursday after data showing signs of cooling inflation in the United States boosted bets for slower rate hikes from the Federal Reserve. U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, …
Gold hovers near $1,900/oz after U.S. inflation data cements Fed slowdown bets Read More »
NEW DELHI (Reuters) – India’s industrial output rose 7.1% in November compared to the same month a year earlier, data from the Ministry of Statistics showed on Thursday. Analysts polled by Reuters expected a 2.6% increase in November compared to a contraction of 4% in the previous month. (Reporting by Aftab Ahmed; Editing by Toby …
India’s industrial output rose 7.1% y/y in November Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) -India has set a target to annually auction 8 gigawatts (GW) of wind power projects to the end of 2030 to boost renewable energy capacity, a government order said. India, one of the world’s biggest emitters of greenhouse gases, wants to boost its renewable energy generation …
India to annually invite bids for 8 GW wind power projects to 2030-govt order Read More »
