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BENGALURU (Reuters) – The Group of Seven nations are preparing new, further-reaching sanctions on Russia a year after its invasion of Ukraine, targeting key economic sectors and other countries or organisations who help Moscow’s war effort. Leaders of the bloc of developed nations will meet virtually on Friday with Ukrainian President Volodymyr Zelenskiy to mark …

Wealthy G7 nations gearing up for new volley of sanctions on Russia Read More »

By Aftab Ahmed and Christian Kraemer BENGALURU (Reuters) -France will not sign off on a G20 communique unless it contains the same denunciation of Russia’s invasion of Ukraine as it did last year, its finance minister said on Friday on the sidelines of a G20 meeting in India. “I want to make very clear that …

France won’t sign G20 communique unless it strongly condemns Russia Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves fell for the third straight week to hit an eleven-week low of $561.27 billion as of the week ended Feb. 17, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves fell by $5.68 billion at the end of last week, data showed. The reserves …

India’s forex reserves at 11-week low, down for third week Read More »

Feb 24 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Feb. 17, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had …

Indian govt had no outstanding loans from RBI in Feb 17 week Read More »

By Rupam Jain, Andreas Rinke and Krishn Kaushik NEW DELHI/BERLIN (Reuters) – Germany will pursue a $5.2 billion deal with India to jointly build six conventional submarines in the country during Chancellor Olaf Scholz’s Feb. 25-26 visit, two Indian and two German sources said. The naval project is the latest attempt by a Western military …

Germany to pursue $5.2 billion submarine deal with India during Scholz trip – sources Read More »

MUMBAI (Reuters) – NSE Indices Ltd, the subsidiary of India’s National Stock Exchange (NSE), has launched the country’s first ever Municipal Bond Index in the backdrop of rising appetite for such instruments among investors. The company launched the Nifty India Municipal Bond Index at a workshop conducted by markets regulator Securities and Exchange Board of …

India’s NSE unit launches first Municipal Bond Index Read More »

NEW YORK (Reuters) – India’s Adani Group will hold a fixed-income roadshow next week in Asia, according to a bank document seen by Reuters, as the beleaguered conglomerate tries to shore up investor confidence in the aftermath of a U.S. short-seller report. Adani group executives, including group Chief Financial Officer Jugeshinder Singh, will attend the …

India’s Adani to hold fixed-income roadshow next week in Asia Read More »

By Nick Said CAPE TOWN (Reuters) -Australia held their nerve with the ball to secure a seventh successive final appearance in the Women’s T20 World Cup with a tense five-run victory over India in their semi-final at Newlands in Cape Town on Thursday. Australia won the toss and elected to bat, posting a par score …

Cricket-Mooney, Lanning propel Australia into Women’s T20 World Cup final Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the dollar on Thursday, helped by a broad recovery in Asian currencies following losses fuelled by worries over rising U.S. yields. The rupee was at 82.77 to the U.S. dollar by 10:29 a.m. IST, up from 82.85 in the previous session. Following the higher …

Asian currencies witness a bit of reprieve, lift rupee Read More »