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India sticks to demand for increased share in Vedanta oil block

NEW DELHI (Reuters) – The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta’s (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday. The Supreme Court has been hearing a dispute between Vedanta and the federal government related to …

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India awards mobility firms $362 million in e-bus contracts

By Sarita Chaganti Singh (Reuters) – Ashok Leyland’s Switch Mobility, JBM Auto and PMI Electro Mobility are the winners in a 30 billion Indian rupee ($362.40 million) tender run by state-run Convergence Energy Services Ltd (CESL), two sources said. Switch Mobility emerged as the lowest bidder to supply 2,600 electric buses in three states, JBM …

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Bond yields little changed as traders await fresh triggers

By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended little changed on Wednesday as traders awaited fresh triggers, after falling earlier in the session tracking easing U.S. yields and oil prices. The benchmark 10-year yield ended at 7.3212%, after closing at 7.3211% on Tuesday. “There are no triggers at all for government bond …

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Cricket-BCCI to increase focus on player fitness ahead of ODI World Cup

(Reuters) – India’s cricket board (BCCI) will increase its focus on player fitness and consider who have played a substantial domestic season when making selections for the national team, it said on Sunday following a review meeting ahead of the 2023 World Cup. The board said that the National Cricket Academy will work with teams …

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India’s December goods and services tax collections up 15% y/y

NEW DELHI (Reuters) – India’s goods and services tax receipts in December rose 15% year-on-year to 1.495 trillion rupees ($18.07 billion), a government statement said on Sunday, reflecting strong economic activity during the festive season. Goods and services taxes brought in 1.46 trillion rupees in November. ($1 = 82.7170 Indian rupees) (Reporting by Manoj Kumar; …

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Pakistan says it has provided list of nuclear facilities to India under annual practice

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan said it had handed a list of its nuclear installations and facilities to the Indian mission in Islamabad on Sunday under a decades-old agreement between the two nuclear-armed rivals. The neighbours have fought three wars and have had a number of military skirmishes in recent years. Last year …

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