By Gloria Dickie SHARM EL-SHEIKH, Egypt (Reuters) – India will prioritize a phased transition to cleaner fuels and slashing household consumption to achieve net zero emissions by 2070, according to a national report released Monday at the United Nations COP27 climate summit in Egypt. The report for the first time sketches out how the world’s …
COP27: India lays out plan for long-term decarbonization Read More »
BENGALURU (Reuters) – India’s annual retail inflation eased to 6.77% in October helped by slower rises in food prices and base effect, but remained above central bank’s tolerance limit, strengthening views of lower rate hikes when it meets for policy review in December. Annual retail inflation in October was higher than the 6.73% forecast by …
BENGALURU (Reuters) – India’s smartphone market fell by 10% year-on-year last quarter to 43.5 million units, marking the lowest third-quarter shipment since 2019, and a high inventory pile-up is expected to lead to a muted fourth quarter, market research firm IDC said on Monday. Despite the festival season beginning earlier than usual, the unrelenting rise …
India’s smartphone shipments drop 10% in Q3 as prices hit record -IDC Read More »
By Rajendra Jadhav and Arpan Varghese MUMBAI/BENGALURU (Reuters) -India’s palm oil imports in 2021/22 fell 4.8% from a year earlier as overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of palm oil, a trade body said on Monday. India is the world’s biggest importer of vegetable oils such as …
India’s 2021/22 palm oil imports fall as soyoil dents market share Read More »
By Neha Arora NEW DELHI (Reuters) -India’s top mining industry federation is seeking higher import taxes on metals such as zinc, copper and aluminium to help halt a tide of cheaper imports, especially from China, according to a note it sent to the government and seen by Reuters. The government should raise import taxes to …
Indian miners seek higher import tax on aluminium, zinc, copper products Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Indian farmers have planted wheat on 4.5 million hectares since Oct. 1, when the current sowing season began, up 9.7% from a year ago, the latest data from the farm ministry showed on Friday. The Ministry of Agriculture & Farmers’ Welfare will keep updating the …
India’s wheat planting gathers momentum, acreage up nearly 10% Read More »
By Simon Jessop SHARM EL-SHEIKH, Egypt (Reuters) – India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year, two sources familiar with the negotiations told Reuters on Saturday. Countries agreed at COP26 in …
India seeks COP27 deal to ‘phase down’ all fossil fuels – sources Read More »
BENGALURU (Reuters) -Life Insurance Corporation of India posted a more than 11-fold jump in second-quarter profit on Friday, as the country’s largest insurer moved 142.72 billion rupees to its shareholders’ fund to shore up its net worth. Profit after tax surged to 159.52 billion Indian rupees ($1.98 billion) for the three months ended Sept. 30, …
India’s LIC profit surges on $1.8 billion boost to shareholders’ fund Read More »
By Shivangi Acharya NEW DELHI (Reuters) – British officials are likely to visit India in December with the aim of concluding talks on a free trade agreement (FTA) between the two countries in about four months, two Indian government sources said, after the nations missed their initial timeline. A trade agreement between India and Britain …
British officials likely to visit India next month for FTA talks – sources Read More »
By Nidhi Verma NEW DELHI (Reuters) – GAIL (India) Ltd has turned down a compensation offer for undelivered liquefied natural gas (LNG) from a former unit of Russia’s Gazprom as it wants to retain the right to the missed cargoes, four sources familiar with the matter said. GAIL agreed a 20-year deal with Gazprom Marketing …
India’s GAIL declines Sefe compensation for cancelled LNG cargoes -sources Read More »
