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By Nidhi Verma NEW DELHI (Reuters) – India’s oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude, preliminary tanker arrival data obtained from trade sources showed. The world’s third-biggest oil importer and consumer bought 907,500 barrels per day …

India’s Iraqi oil imports fall to lowest in 20 months – trade sources Read More »

By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are unlikely to enter the Indian government debt market, despite attractive valuations, deterred by near-term headwinds, including a depreciating rupee and high hedging costs. India’s 10-year benchmark bond has largely traded between 7.40%-7.50% for more than a month now, comparable to the highest-yielding debt in the Asian …

Indian debt attractive, but not enough to lure foreign flows just yet – fund managers Read More »

By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) -The Indian government’s first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects, as Asia’s third largest economy attempts to tap the domestic debt market to finance clean projects. The proceeds from green bonds will not be used …

India’s first green bonds to fund new climate finance projects Read More »

By Sethuraman N R and Aditi Shah BENGALURU (Reuters) – India’s Tata Motors said on Wednesday it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars and a drop in domestic steel costs. Automakers are reaping the benefits of raising prices, a …

Tata Motors sees profit rebound on Jaguar Land Rover boost, lower costs Read More »

NEW DELHI (Reuters) -Coal will play an important role in India until at least 2040, the nation’s coal minister said on Wednesday, even as calls for countries to switch to cleaner forms of fuel intensify at U.N. climate talks taking place in Egypt. Addressing a parliamentary committee, minister in charge of coal Pralhad Joshi said …

India says will need coal until 2040 and beyond Read More »

By Sudarshan Varadhan CHENNAI (Reuters) – India’s imports of thermal coal grew at the slowest pace in five months in October, data from Indian consultancy Coalmint showed, as higher domestic production slashed demand for seaborne coal. Imports of the power generation fuel rose for the fifth straight month in October to 12.03 million tonnes, up …

India’s Oct thermal coal imports grow at slowest pace in 5 months – Coalmint Read More »

NEW DELHI (Reuters) – The Indian government on Wednesday allowed international trade settlements in Indian rupees for export promotion schemes under foreign trade policy. “The government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for international trade settlement in Indian rupees,” the statement said. (Reporting by …

India allows international trade settlements in rupees for export promotion schemes Read More »

By Sam Tobin LONDON (Reuters) -Fugitive Indian diamond tycoon Nirav Modi faces extradition to India to face charges of fraud and money laundering after a London court dismissed his appeal on Wednesday. Modi has denied any wrongdoing and his lawyer declined to comment. The jeweller, who fled India in 2018 before details of his alleged …

Billionaire jeweller Nirav Modi loses extradition appeal in UK court Read More »

By Ian Ransom MELBOURNE (Reuters) – England’s bowlers have helped cover for their batting team mates’ patchy Twenty20 World Cup and will now face their biggest test against the firepower of India in Thursday’s semi-final. The challenge may be even greater for Jos Buttler’s team, with express paceman Mark Wood joining number three batsman Dawid …

Cricket-England bowlers look to stifle India firepower in T20 semi-final Read More »