By Nidhi Verma NEW DELHI (Reuters) -At least two Indian refiners plan to buy less Saudi oil than usual in May, after the kingdom raised the official selling price (OSP) to record highs for Asia, two sources said on Wednesday, as India increases purchases of cheap Russian crude. India, the world’s third biggest oil importer …
Some Indian refiners set to cut May Saudi oil, snap up Russian barrels Read More »
By Nidhi Verma NEW DELHI (Reuters) -India’s Bharat Petroleum Corp Ltd has bought 2 million barrels of Russian Urals for May loading from trader Trafigura, two sources familiar with the purchase said. Refiners in India, the world’s third biggest oil importer and consumer, have been snapping up Russian oil through spot deals since Russia’s invasion …
India BPCL buys 2 million barrels of Russian Urals for May loading -sources Read More »
MUMBAI (Reuters) – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said on Wednesday, days after abandoning an attempt to shake up the management at the Indian media company. Invesco, which currently owns 18% of Zee through its funds, had earlier …
Invesco to cut stake in India’s Zee by more than a third to 11% Read More »
BENGALURU (Reuters) – India’s first case of coronavirus variant XE was detected in Mumbai, NDTV reported https://www.ndtv.com/india-news/indias-first-case-of-coronavirus-variant-xe-reported-from-mumbai-2866489#pfrom=home-ndtv_topscroll on Wednesday. (Reporting by Rama Venkat in Bengaluru; Editing by Anil D’Silva)
By Sudarshan Varadhan NEW DELHI (Reuters) – The average power purchase price on India’s largest electricity exchange, Indian Energy Exchange Ltd, surged in March to the highest level since April 2009, data on the company’s website showed, reflecting a steep rise in electricity demand. Power demand during March rose at the fastest pace in three …
Average power price on Indian Energy Exchange hits 13-year high in March Read More »
By Fayaz Bukhari and Manoj Kumar SRINAGAR, India (Reuters) – India’s Kashmir region is attracting record tourists after the easing of pandemic restrictions and some improvement in the security situation, bolstering local businesses. Tourist arrivals are set to touch a ten-year high this year after more than 340,000 tourists have come since January, local tour …
‘More beautiful than Europe’: Indians flock to Kashmir’s lakes, boats Read More »
BENGALURU (Reuters) – India’s services sector expanded at its fastest pace so far this year in March as an easing of COVID-19 restrictions boosted demand, but elevated inflationary pressures clouded business confidence, a private survey showed. The S&P Global India Services Purchasing Managers’ Index rose to 53.6 in March from 51.8 in February, beating the …
India’s services activity edged up in March, input costs surged Read More »
By Prerana Bhat and Tushar Goenka BENGALURU (Reuters) – The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to a Reuters poll of economists who said the central bank must now start worrying about inflation. Inflation has held above the RBI’s …
Reserve Bank of India to wait at least until August to raise repo rate – Reuters poll Read More »
By Krishna N. Das NEW DELHI (Reuters) – India on Tuesday condemned https://twitter.com/ambtstirumurti/status/1511376918762991619 the killings of civilians in Ukraine’s Bucha and called for an independent investigation, having earlier declined to explicitly criticise the invasion of Ukraine by its long-time partner Russia. A Ukrainian human rights ombudswoman said on Tuesday that between 150 and 300 bodies …
India condemns killings in Ukraine’s Bucha in apparent hardening of stance Read More »
By Nupur Anand MUMBAI (Reuters) – India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said. Sources told Reuters last year that the Reserve Bank of India, which acts as regulator for the …
HDFC Bank’s $40 billion deal may face regulatory hurdles due to insurance ops – analysts Read More »
