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By Rajendra Jadhav MUMBAI (Reuters) – Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country’s key growing regions raised production concerns for the upcoming season. This could add to food inflation and discourage …

Indian sugar production concerns drive local prices to 6-year high Read More »

(Reuters) – India shook off some sloppy fielding and fired with the bat to comprehensively beat Nepal in a rain-shortened Asia Cup match in Pallekele on Monday as they joined arch-rivals Pakistan in the Super Four stage from Group A. Chasing a revised target of 145 in 23 overs following a long rain interruption, India …

Cricket-India overcome dropped catches to thump Nepal in Asia Cup Read More »

By Sudarshan Varadhan and Carman Chew SINGAPORE (Reuters) – India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. It is unusual for India’s electricity use to spike …

India steps up coal use to stop outages triggered by unusually dry weather Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally. Non-deliverable forwards (NDF) indicate rupee will open at around Friday’s …

Rupee to assess dollar rally despite a soft US jobs report Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) – India switched off its moon rover, the first craft to reach the lunar south pole, after it completed its two-week assignment conducting experiments, the country’s space agency said. The Pragyan rover from the Chandrayaan-3 spacecraft was “set into Sleep mode” but with batteries charged and receiver on, the …

Mission accomplished, India puts moon rover to ‘sleep’ Read More »

LONDON (Reuters) – The British government is in advanced talks with Tata Steel, the country’s biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, Sky News reported on Saturday. The funding would be pumped into the Port Talbot …

Britain in talks with Tata Steel over $630 million aid package -Sky News Read More »

FRANKFURT (Reuters) – German Chancellor Olaf Scholz said the upcoming G20 summit in India remains important despite the absence of Russia and China, in an interview with German radio station Deutschlandfunk released late on Friday. The G20 still has an important contribution to make and a “big damn obligation” to fulfil, said Scholz, particularly as …

German chancellor says G20 still important despite key absences -Deutschlandfunk Read More »