NEW DELHI (Reuters) – India’s finance minister on Friday said New Delhi would continue to purchase crude from Russia as its people required oil at a discount after the surge in global prices. India has already started buying oil from Russia, Nirmala Sitharaman said, adding that the transition to gas was challenging as supplies had …
India to continue oil purchases from Russia – finance minister Read More »
By Kirsty Needham SYDNEY (Reuters) – Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85% of Australian goods entering India, helping farmers and miners to diversify export markets, Prime Minister Scott Morrison said. The Australia-India Economic Cooperation and Trade Agreement will be signed on Saturday in a virtual …
Australia and India to sign trade deal on Saturday – Australia Read More »
NEW DELHI (Reuters) – India’s merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data. Monthly trade deficit in March was estimated at $18.69 billion, according to Reuters calculations. Merchandise exports for the financial year 2021/22 ending in March touched $417.81 …
India’s March exports touch $40.38 billion – govt source Read More »
BENGALURU (Reuters) -Indian shares closed at a two-month high on Friday as power companies rallied on expectations of higher demand in the summer months, while heavyweight financials also lent support. Buoyed by gains late in the session, the NSE Nifty 50 index closed 1.18% higher at 17,670.45 and the S&P BSE Sensex rose 1.21% to …
Indian shares close at two-month highs on financials, power firms Read More »
NEW DELHI (Reuters) – Foreign minister Sergei Lavrov said on Friday Russia appreciated India’s response to the Ukraine crisis. “We appreciate that India taking this situation in the entirety of facts and not just in a one sided way,” Lavrov said in a statement before talks with his Indian counterpart. (Reporting by Alasdair Pal; Editing …
Russian foreign minister appreciates India’s response to Ukraine crisis Read More »
MUMBAI (Reuters) – India’s richest state Maharashtra, home to the country’s financial capital Mumbai, will make wearing masks optional from April 2 after a steep fall in the number of active cases and deaths from COVID-19 in recent days. The wearing of masks to limit the spread of the coronavirus had previously been mandatory in …
India’s richest state Maharashtra to lift mask mandate from April 2 Read More »
(Reuters) – Batsman Quinton de Kock applauded an “unbelievable” performance from the Lucknow Super Giants after they defeated the Chennai Super Kings by six wickets to seal their first win in the Indian Premier League (IPL). De Kock (61) and captain KL Rahul (40) set an opening partnership of 99 runs and Evin Lewis smashed …
Cricket-De Kock delighted with Super Giants’ first IPL win Read More »
By Swati Bhat MUMBAI (Reuters) – Inflation is picking up in India, but the country’s central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say. This view represents a shift in expectations, as market participants say the …
India central bank focussed on growth, seen lagging on inflation fight Read More »
NEW DELHI (Reuters) – Britain respects India’s decision to buy discounted oil from Russia, foreign minister Liz Truss said on Thursday, even as she pursued more sanctions against Moscow. Truss’s comments follow remarks by Daleep Singh, U.S. Deputy National Security Adviser for International Economics, who said Washington will not set any “red line” for India …
Britain respects India’s decision to buy discounted oil from Russia Read More »
By Krishna N. Das NEW DELHI (Reuters) -The United States will not set any “red line” for India on its energy imports from Russia but does not want to see a “rapid acceleration” in purchases, a top U.S. official said on Thursday during a visit to New Delhi. Lured by steep discounts following Western sanctions …
US does not want ‘rapid acceleration’ in India energy imports from Russia Read More »
