MUMBAI (Reuters) – Indian farmers have planted wheat on 28.65 million hectares (70.8 million acres) since Oct. 1, when the current sowing season began, up nearly 3% from a year ago, the latest data from the farm ministry showed on Friday. Farmers have also increased the area cultivating rapeseed, a key winter-sown oilseed, to 9 …
Indian farmers increase wheat plantings by 3% from a year earlier Read More »
BENGALURU (Reuters) – India has cut windfall tax on crude oil and aviation turbine fuel (ATF) and reduced export tax on diesel, according to a government order dated Dec. 15. It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday, the order said. The …
MUMBAI (Reuters) – India raised the base import prices of crude palm oil and soyoil, gold and silver, the government said in a statement late on Thursday, as prices jumped in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate …
India raises base import price of palm oil, gold Read More »
MUMBAI (Reuters) -India has told the World Health Organization that samples taken from Indian pharmaceutical company Maiden Pharma, whose products were linked to the deaths of children in Gambia, have been found to comply with required specifications. Indian health authorities announced a production halt at Maiden Pharmaceuticals’ factory in Sonepat in northern India in October …
NEW DELHI (Reuters) – India, the world’s biggest sugar producer, would consider allowing additional sugar exports in January after assessing local production, Food Secretary Sanjeev Chopra said on Thursday. (Reporting by Mayank Bhardwaj; Editing by David Goodman)
BENGALURU (Reuters) -Indian health technology company Indegene Ltd has filed for an initial public offering, with private equity firm Carlyle looking to offload a part of its stake, draft papers filed with the market regulator showed on Thursday. Local media reported that the Bengaluru-based company was aiming to raise over 32 billion rupees ($386.73 million) …
Indian healthtech firm Indegene files for IPO, Carlyle to sell stake Read More »
BENGALURU (Reuters) – Indian luxury automobiles dealer Landmark Cars Ltd’s initial public offering, valued at 5.52 billion rupees ($66.71 million), was oversubscribed on Thursday, but analysts still said demand was tepid. Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed. The …
Indian luxury car dealer Landmark IPO oversubscribed by threefold shares on offer Read More »
(Reuters) -Spinner Kuldeep Yadav and seamer Mohammed Siraj wreaked havoc with the ball sharing seven Bangladesh wickets between them to put India in the box seat in the opening test in Chittagong on Thursday. Kuldeep’s career-best 40 had already helped India post 404 in their first innings after resuming day two on 278-6. When they …
Cricket-Kuldeep, Siraj put India on top in Chittagong test Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India plans to invite bids to extract gold from 50 million tonnes of processed ore in a cluster of colonial-era mines in the southern state of Karnataka, a senior government official with direct knowledge of the matter said on Thursday. The Kolar fields, located about …
India to invite bids for extracting gold from dumps at colonial-era mines Read More »
LONDON (Reuters) -Fugitive Indian diamond magnate Nirav Modi on Thursday lost a bid to take his fight against extradition to India on charges of fraud and money laundering to the UK’s Supreme Court. The jeweller, who fled India in 2018 before details of his alleged involvement in large-scale fraud at the Punjab National Bank became …
Diamond magnate Modi loses bid to take extradition fight to UK Supreme Court Read More »
