By Mayank Bhardwaj NEW DELHI (Reuters) – India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices to help growers reeling from a crash in domestic rates for the oilseed, a government statement said on Wednesday. India uses soybeans to manufacture soyoil, which helps the country cut its …
India to buy soybeans to help farmers reeling from losses Read More »
BENGALURU (Reuters) – Abu Dhabi has awarded oil and gas production rights for an onshore block to a joint venture of Indian state-run refiners Bharat Petroleum Corp Ltd and Indian Oil Corp , BPCL said in a statement on Wednesday. The Supreme Council for Financial and Economic Affairs of Abu Dhabi has granted rights to …
Abu Dhabi gives onshore block production license to India’s IOC-BPCL JV Read More »
By Dimpal Gulwani and Bharath Rajeswaran BENGALURU (Reuters) – India’s Bajaj Housing Finance [BAJO.NS] attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market. The interest in the company’s public offer — the most this year …
Bajaj Housing Finance draws bids worth $39 billion in hottest India IPO this year Read More »
NEW DELHI (Reuters) – India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will …
India to impose up to 30% tariffs on some steel imports from China, Vietnam Read More »
By Arsheeya Bajwa NOIDA (Reuters) -NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, the Dutch company’s CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry. “NXP is committed to double its R&D efforts here in the country in …
NXP Semiconductors to invest more than $1 billion in India as it boosts R&D efforts Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Two junior ministers in the Maldivian government, who were suspended for disparaging Indian Prime Minister Narendra Modi this year, have resigned ahead of a proposed visit by President Mohamed Muizzu to New Delhi, an official said on Wednesday. Malsha Shareef and Mariyam Shiuna in the Ministry of Youth Empowerment, …
Two Maldivian ministers who disparaged India’s Modi resign ahead of Muizzu’s Delhi trip Read More »
By Chris Thomas and Aditi Shah BENGALURU (Reuters) -Ford Motor held talks with India’s Tamil Nadu state to explore producing vehicles for export, the state’s chief minister said, potentially signalling that the U.S. carmaker could restart production in India after exiting the country three years ago. Ford stopped producing cars in India for domestic sale …
Ford in talks to restart making cars in India for export, minister says Read More »
By Neha Arora NEW DELHI (Reuters) – India’s metals-to-oil conglomerate Vedanta has urged the government to press Japan and South Korea to change their trade pacts to eliminate their import duties on nickel sulphate used in EV batteries, a source aware of the matter said. Vedanta and some smaller firms turn nickel ores imported primarily …
BENGALURU (Reuters) – Shares of Tata Motors – India’s largest carmaker by revenue – fell 5.6% on Wednesday to log their third-worst day this year after UBS said rising discounts could hurt the results of Jaguar Land Rover (JLR), its British luxury car division. This is the stock’s steepest decline in a nine-session losing streak …
India’s Tata Motors slumps as UBS warns of ‘significantly’ weaker results Read More »
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival. Ties between the world’s two most populous countries have been strained since a …
Analysis-India’s bid to match China’s factory heft gets a reality check Read More »
