By Swati Bhat MUMBAI (Reuters) -Price pressures in India remain high and it would be premature to lower the guard on inflation, majority of the members of the Reserve Bank of India’s (RBI) monetary policy committee (MPC) wrote, according to minutes published on Wednesday. Earlier in February, the MPC hiked the key repo rate by …
Indian inflation remains high, premature to lower guard – MPC minutes Read More »
By Shivangi Acharya and Sarita Chaganti Singh BENGALURU (Reuters) – India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters. The proposal is expected to be …
India likely to propose expert G20 group for World Bank reforms – sources Read More »
(Reuters) – India’s Kotak Mahindra Group asset management arm said on Wednesday it will invest 10.70 billion rupees ($129 million) in Biocon Ltd to help it fund its acquisition of Viatris Inc’s biosimilars business. Biocon Biologics completed the $3.34-billion acquisition of U.S.-based Viatris’s biosimilars business in late November. At the time, the company said it …
India’s Biocon raises $129 million from Kotak to fund biosimilars deal Read More »
NEW DELHI (Reuters) – India on Wednesday said it held a meeting with China in Beijing for consultation over border affairs, and discussed proposals for disengagement. They share a 3,500 km (2,100-mile) border in the Himalayas called the Line of Actual Control (LAC) that has been disputed since the 1950s. They went to war over …
India, China meet over border affairs – Indian statement Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell for the fourth session in a row on Wednesday and recorded their worst day in over three weeks after strong U.S. data fuelled worries about higher-for-longer interest rates. The Nifty 50 index closed down 1.53% at 17,554.30, its lowest in over four months. The S&P BSE Sensex …
Indian shares continue slide on rate jitters ahead of Fed, RBI minutes Read More »
NEW DELHI (Reuters) – The United Arab Emirates (UAE) will explore all partnership opportunities with India to help the south Asian country’s growth and low carbon plans, the UAE’s climate envoy and designated president of the COP28 summit said on Wednesday. “India’s goal of adding 500 gigawatts of clean energy in the next seven years …
UAE eyes renewables partnerships with India, Jaber says Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee barely budged against the dollar on Wednesday, as U.S. yields jumped overnight on bets of multiple Federal Reserve rate hikes and weighed on sentiment. The rupee was at 82.81 per dollar by 10:31 a.m. IST, against its previous close of 82.79. Most Asian currencies declined, with …
Rupee little changed as U.S. yields spike on Fed rate-hike jitters Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – India batter KL Rahul’s prolonged slump in form is likely to cost him his place for the third test against Australia with demands growing for Shubman Gill’s inclusion for the match in Indore. India have retained the Border-Gavaskar Trophy with a 2-0 lead in the four-test series but …
Cricket-India set to replace struggling Rahul with promising Gill in Indore Read More »
NEW DELHI (Reuters) – The Asian Development Bank’s (ADB) president has proposed up to $25 billion development support to India over 5 years in a meeting with Prime Minister Narendra Modi on Tuesday, a statement from the bank said. “ADB will provide multifaceted support for India’s key priorities,” the statement quoted ADB president Masatsugu Asakawa …
ADB proposes up to $25 billion development support to India Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India will provide an additional 2 million tonnes of wheat to bulk consumers such as flour millers, as part of efforts to lower prices, which jumped to a record high last month, the government said on Tuesday. The allocation, on top of 3 million tonnes announced last month, could …
India to offer 2 million T more wheat to cool prices Read More »
