Reuters India Top

By Praveen Paramasivam and Kate Abnett CHENNAI, India/BRUSSELS (Reuters) – The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as “insufficient”. The impasse – the latest in a string of inconclusive international conferences …

G20 nations fail to agree on emission reduction targets at talks Read More »

By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an …

Tesla executives hold market entry talks with India investment agency -sources Read More »

BENGALURU (Reuters) – Indian consumer goods maker Marico reported a bigger-than-expected rise in quarterly profit, as a drop in input costs helped overshadow a fall in revenue due to sluggish rural demand. Marico, home to brands including Parachute and Saffola oils, said consolidated net profit rose 15.1% to 4.27 billion rupees ($52 million) in the …

India’s Marico posts Q1 profit beat as lower costs offset sluggish demand Read More »

By Brijesh Patel and Rajendra Jadhav KOLAR, India (Reuters) – Vegetable prices in India are set to stay higher for longer, as erratic monsoon rains delayed planting and damaged ripening crops, farmers and traders said. Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, …

Vegetables in India to cost more for longer on erratic monsoon Read More »

AMSTERDAM (Reuters) – A burning car carrier was drifting off the Dutch coast on Thursday, the coastguard said, a day after the Panamanian-registered ship caught alight, causing the death of an Indian crew member and injuring several others. The 199-metre (653 ft) Fremantle Highway caught fire overnight Tuesday and several of the 23 crew jumped …

Car carrier still burning off Dutch coast as hunt for cause begins Read More »

BENGALURU (Reuters) -Barclays, Deutsche Bank AG and Standard Chartered are in talks to collectively lend between $600 million and $750 million to India’s Adani Group, Bloomberg News reported on Thursday, citing people familiar with the matter. The loan is a part of discussions to refinance the debt that the group had taken to fund its …

Foreign lenders in talks to finance part of Adani Group’s Ambuja debt – Bloomberg News Read More »

By Yousef Saba DUBAI (Reuters) -G20 powers must send stronger signals of their will to transform world energy systems and should lead the way on plans for mitigating global warming at the COP28 summit, the event’s incoming president and the U.N. climate chief said on Thursday. Representatives of the world’s leading 20 economies meeting in …

G20 should lead way on energy transition plans at COP28 – event president Read More »

BENGALURU (Reuters) – Indian cement maker ACC’s first-quarter profit more than doubled, it said on Thursday, as strong demand boost its sales volumes and drove margins higher. ACC, owned by ports-to-energy conglomerate Adani Group, said profit rose to 4.67 billion rupees ($57 million) in April-June, from 2.22 billion rupees a year ago when high fuel …

Indian cement maker ACC’s Q1 profit doubles on higher volumes, margins Read More »