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(Reuters) – India’s Ministry of Commerce has been asked to monitor exports of medicinal products and equipment to China to ensure domestic availability for any COVID-19 surges, according to a source familiar with the matter. India’s Health Minister, Mansukh Mandaviya, asked pharma companies and senior government officials to review availability of medicines, and monitor their …

India monitoring pharma exports to China amid COVID surge – source Read More »

MUMBAI (Reuters) – Indian banking system’s outstanding credit to the services sector jumped by 21.3% year-on-year in November as compared to 3.2% a year ago, data released by the Reserve Bank of India showed on Friday. The jump was led by a 33% rise in the credit given to non-banking finance companies, including housing finance …

Indian banks’ credit to services sector jumps 21.3% in November – RBI Read More »

By Nikunj Ohri (Reuters) – India’s fiscal deficit for April-November was 9.78 trillion rupees ($118.23 billion) or 58.9% of annual estimates, government data showed on Friday. Net tax receipts were 12.25 trillion rupees, while total expenditure was 24.43 trillion rupees, the data showed. The government’s subsidy bill for food, fuel and fertiliser was 3.01 trillion …

India’s April-Nov fiscal deficit touches $118 billion Read More »

By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian benchmark bond yields rose on Friday, as the weekly auction of securities added to the debt supply on low trading volume, while it logged its biggest annual rise in 13 years. The 10-year benchmark bond yield ended at 7.3277%, after closing at 7.3114% on Thursday. …

Benchmark yield up after debt supply, logs biggest annual rise in 13 years Read More »

NEW DELHI (Reuters) -India cricketer Rishabh Pant suffered multiple injuries but is in a stable condition after his car hit a central divider, flipped over and caught fire in the early hours of Friday morning. Police said the wicketkeeper-batsman, who was alone in the car when it crashed in the northern state of Uttarakhand, had …

Cricket-India wicketkeeper Pant ‘stable’ after fiery car crash Read More »