By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to India and the Group of 20 Summit in Indonesia next week to bolster U.S.-India economic ties and to try to overcome G20 divisions prompted by Russia’s war in Ukraine, the Treasury said on Friday. Yellen will visit New Delhi on November …
Yellen to travel to India, G20 summit as forum struggles with Ukraine war Read More »
NEW DELHI (Reuters) – The Indian government on Friday said more clarity is needed on the definition of climate finance for developing countries, calling for sufficient resources to meet new climate goals. “The goal of $100 billion per year of climate finance by 2020 and every year thereafter through till 2025 is yet to be …
India says more clarity needed on climate finance definition Read More »
By Sumit Khanna MORBI, India (Reuters) – A senior administrative official in the Indian town of Morbi has been suspended by the Gujarat state government following the collapse of a bridge that led to the death of 135 people, the chief minister’s office said on Friday. The colonial-era suspension footbridge in Morbi, over the Machchhu …
India’s Gujarat state suspends senior local administrator for bridge collapse Read More »
BENGALURU (Reuters) -Indian shares erased early gains and were subdued on Friday, as losses in tech stocks offset gains in metals, while investors awaited U.S. jobs data for hints on future rate hikes. The NSE Nifty 50 index fell 0.03% to 18,047 as of 0424 GMT, while the S&P BSE Sensex was 0.08% down at …
Indian shares muted as IT losses counter gains in metals Read More »
NEW DELHI (Reuters) -Delhi’s 20 million residents were effectively breathing smoke on Thursday as the air quality index (AQI) breached the “severe” and “hazardous” categories in nearly all monitoring stations of the Indian capital, spurring calls to close schools. The AQI exceeded 450 in many places early in the day, according to data from the …
Delhi’s air branded ‘hazardous’, spurs calls to close schools Read More »
By Sudipto Ganguly MUMBAI (Reuters) – Indian Prime Minister Narendra Modi’s home state of Gujarat will go to the polls next month, the election commission said on Thursday, a vote that is likely to offer a clue to his party’s prospects in a general election due by 2024. Modi remains popular despite criticism of inflation …
India PM Modi’s home state of Gujarat goes to polls next month Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Indian banks may rely more on raising funds through certificates of deposits for the rest of the year, as credit demand remains strong and inflows from retail deposits lag, leading to tighter liquidity in the banking system, analysts said. Banks have raised over 3.51 trillion Indian …
India banks’ reliance on bulk deposits rises amid strong credit growth, tight liquidity Read More »
BENGALURU (Reuters) -Shares of Mahindra and Mahindra Financial Services (MMFS) surged more than 10% on Thursday, a day after the vehicle financing arm of the Mahindra group beat estimates for second-quarter profit and improved its asset quality. Profit came in at 4.48 billion Indian rupees ($54.08 million) for the three months ended Sept. 30, handily …
Mahindra’s financial services arm surges on profit beat, asset quality “surprise” Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares were muted on Thursday, as IT losses offset gains in bank stocks, with investors seemingly looking past the U.S. Federal Reserve’s comments suggesting a continued hawkish stance. The NSE Nifty 50 index rose 0.04% at 18,090.55 as of 0450 GMT, while the S&P BSE Sensex was 0.07% higher …
NEW DELHI (Reuters) – India aims to end imports of urea from 2025 as the nation boosts its local production capacity with the commissioning of new plants, fertilisers minister Mansukh Mandaviya said on Wednesday. India, the top importer of urea, imports about 30% of its average 35 million tonnes of annual consumption of the crop …
India aims to end urea imports from 2025; pegs FY23 fertilisers subsidy at $27.2 billion Read More »
