By Shivam Patel NEW DELHI (Reuters) – India’s drugs regulator has ordered that the source and quality of an ingredient used to make cough syrups be checked and verified as a “top priority”, in the wake of the deaths of at least 141 children globally. In one of the world’s worst such waves of poisoning, …
India drugs regulator orders quality checks on cough syrup ingredient Read More »
By Nidhi Verma NEW DELHI (Reuters) – Easing global oil prices would help India boost imports from Russia, a senior government official said on Friday, as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships. The Group of Seven large economies known …
India’s Russian oil imports seen rising on lower prices – official Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) – India’s wheat inventories at state warehouses have dropped to 19 million metric tons, the lowest in seven years, two government sources said on Friday, as two years of falling production forced state-run agencies to sell more grain to private players. Last year, India, the world’s …
India’s wheat stocks hit 7-year low as govt sells more to calm prices Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes posted their longest weekly winning streak in three years, as they rallied to record highs on the back of strong macroeconomic data, a drop in oil prices and the Reserve Bank of India’s (RBI) rate pause. The NSE Nifty 50 and S&P BSE Sensex indexes rose about …
India’s Nifty, Sensex post longest weekly winning run in three years Read More »
By Nidhi Verma NEW DELHI (Reuters) – India has lowered the stock limit of wheat that traders and millers can hold to increase the grain’s availability and moderate prices, the food ministry’s most senior civil servant said on Friday. Indian authorities are worried about volatility in food prices ahead of general elections due by May. …
India lowers wheat stock limits to fight food inflation Read More »
BENGALURU (Reuters) – Inflows into India’s equity mutual funds fell in November, while investors continued to prefer small- and mid-cap funds on hopes of strong returns, data from the Association of Mutual Funds in India (AMFI) showed on Friday. The inflows dropped 22.15% month-on-month to 155.36 billion rupees in November from 199.57 billion rupees in …
India equity mutual fund inflows moderate in November; SIPs hit new high – data Read More »
(Reuters) – Apple and its suppliers aim to build more than 50 million iPhones in India each year, within the next two-to-three years, with additional tens of millions of units planned thereafter, the Wall Street Journal reported on Thursday citing people involved. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Nivedita Bhattacharjee)
By Rajendra Jadhav, Polina Devitt and Clara Denina MUMBAI/LONDON (Reuters) -India, home to 90% of the world’s diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries …
India, De Beers seek clarity, flexibility on G7’s Russian diamond ban Read More »
NEW DELHI (Reuters) – FBI Director Christopher Wray will visit India next week, officials said, days after Washington accused an Indian government official of directing an unsuccessful plot to assassinate a Sikh separatist on American soil. India’s government, which has denied any involvement in the plot, sought to distance the visit from the case, saying …
FBI chief to visit India next week after US raised foiled murder plot Read More »
By Siddhi Nayak and Ira Dugal MUMBAI (Reuters) – Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and one industry source said on Thursday, weeks after the central bank clamped down on the fast-growing business. Paytm plans to go slow on sub-50,000-rupee-loans (about $600), …
