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India’s December wheat stocks fall to 6-year low, lifts prices

By Rajendra Jadhav MUMBAI (Reuters) – Indian wheat stocks held in government warehouses for December fell to the lowest in six years, government data showed on Tuesday, as prices jumped to a record high on rising demand and falling inventories. Lower state reserves could hobble the government’s efforts to release stocks to cool wheat prices, …

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Column-India’s solar boom reverses gas momentum, cements coal use: Maguire

By Gavin Maguire LITTLETON, Colo. (Reuters) – India’s rapid advances in solar power production have been widely celebrated for showing how fast-developing economies can accelerate the decarbonisation of their energy systems without jeopardising economic growth. But while the pace of India’s solar rollout has been impressive, the advances have come mainly at the expense of …

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India-UK negotiations on free trade agreement to continue – Indian trade ministry

MUMBAI (Reuters) – Negotiations on a Free Trade Agreement between India and Britain will continue, India’s trade ministry said on Tuesday, following talks between its minister Piyush Goyal and his British counterpart Kemi Badenoch in New Delhi. “The Ministers urged the negotiating team to work together with an aim to iron out the differences in …

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Factbox-Air India’s fleet versus major Indian and international carriers

NEW DELHI (Reuters) – India, the world’s fastest growing aviation market, has seen increased competition with a number of domestic and international carriers adding flights and destinations across the country. Air India is close to placing landmark orders for as many as 500 jetliners that could be worth more than $100 billion at list prices …

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Russia says reports about Modi refusing Putin meeting are ‘misunderstanding’ – Interfax

(Reuters) – The Russian Foreign Ministry has said reports about Indian Prime Minister Narendra Modi allegedly refusing a meeting with Russian President Vladimir Putin are a “misunderstanding”, the Interfax news agency said on Tuesday. Bloomberg News reported last week that a decision to cancel a summit between the two leaders was taken after veiled threats …

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Cricket-India to go on the offensive against Bangladesh in test series opener

By Manasi Pathak (Reuters) – After starting their tour of Bangladesh with defeat in a one-day international series, India’s stand-in captain KL Rahul said they will come out swinging in the opening test match against the hosts beginning in Chattogram on Wednesday. Rahul is leading the team in the opener of the two-match series with …

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INSTANT VIEWIndia’s November retail inflation eases to 5.88% y/y

(Reuters) – India’s annual retail inflation eased below its central bank’s upper tolerance level for the first time this year in November, on the back of softer rise in food prices, easing pressure on policymakers. The annual retail inflation rose 5.88% in November from 6.77% in the previous month, government data showed on Monday. The …

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India government not to make public cenbank’s letter on inflation

NEW DELHI (Reuters) – The Indian government will not make public a Reserve Bank of India’s (RBI) recent letter on inflation, state minister of finance Pankaj Chaudhary said in on Monday. The RBI’s monetary policy committee met last month to discuss the bank’s report to the government for having failed to meet its inflation targets for …

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British trade minister to launch new round of talks with India

LONDON (Reuters) -British trade minister Kemi Badenoch will hold her first face-to-face meeting with her Indian counterpart on Monday in New Delhi in an effort to spark life into talks over a free trade agreement (FTA) between the countries. The trip marks the first formal round of negotiations since July. Former Prime Minister Boris Johnson …

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At least four killed as Cyclone Mandous hits southern Indian state

MUMBAI (Reuters) – A cyclonic storm killed at least four people in the southern Indian state of Tamil Nadu on Saturday, the top state official said, as heavy rain and strong winds buffeted several districts damaging property and causing power outages. Cyclone Mandous, which made landfall late Friday night, damaged 185 houses and huts, Tamil …

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