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By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with cargo disruptions and rocketing prices in the wake of Russia’s invasion of Ukraine. “We are discussing amongst ourselves, and we will definitely chalk out some …

Exclusive-India will ensure steady coking coal cargoes to allay supply concerns Read More »

BENGALURU (Reuters) – India’s central bank has barred Paytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, from taking on new customers and ordered a comprehensive audit of its IT systems, citing “material” supervisory concerns observed in the bank. Sharma, founder of payments giant Paytm formally known as One97 Communications, owns 51% of Paytm …

India cenbank bars Paytm Payments Bank from taking on customers pending IT audit Read More »

BENGALURU (Reuters) – Indian vaccine maker Bharat Biotech said on Friday that the Russia-Ukraine conflict had not impacted the company’s supply chains so far. Production of Bharat Biotech’s homegrown COVID-19 vaccine Covaxin “has been fully indigenised, all (active pharmaceutical ingredients) and critical raw materials are manufactured within India,” the company said in an emailed statement. …

India’s Bharat Biotech says supply chains not impacted by Russia-Ukraine conflict Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Indian sugar mills signed contracts to export 550,000 tonnes of the sweetener in recent days, as surging global prices and a weak rupee made overseas sales lucrative, four dealers told Reuters. Higher exports from the world’s second-biggest sugar producer could check the rally in global prices, which have been …

India’s sugar exports accelerate on global price rally, weak rupee Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) – India’s coal imports from Russia in March could be the highest in more than two years, data from research consultancies showed, as Indian buyers continue buying the fuel from a market that is now increasingly isolated by sanctions. Vessels carrying at least 1.06 million tonnes of coking coal, …

India’s Russian coal imports could be highest in over two years in March Read More »

By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India may feel pressure to tackle inflation sooner than it expected following a surge in global commodity prices, sovereign ratings analyst Andrew Wood of S&P Global Ratings said on Thursday. Although elevated, India’s current ratio of debt to GDP, at about 90%, has already been …

Commodities surge could pressure India cenbank to normalise more quickly -S&P Read More »

By Rupam Jain and Saurabh Sharma LUCKNOW, India (Reuters) – Firebrand Hindu monk Yogi Adityanath’s political stock is rising in India, where he is set to deliver the ruling party a thumping election win in the country’s most populous state despite the pandemic and fury at farm reforms that were eventually ditched. His performance in …

Hindu monk’s stock rises as ruling party set to win key Indian state poll Read More »

LVIV, Ukraine (Reuters) – Russia’s war in Ukraine entered the third week on Thursday with none of its stated objectives reached despite thousands of people killed, more than two million made refugees, and thousands forced to cower in besieged cities under relentless bombardment. Ukraine said Russia was carrying out “genocide” by bombing a children’s hospital …

Ukraine accuses Russia of genocide after bombing of children’s hospital Read More »

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Indian traders have sewn up deals to export half a million tonnes of wheat in recent days, and dealers are expected to sign more contracts to take advantage of record-high global prices, boosting shipments from the world’s No.2 producer of the staple. Russia’s invasion of …

Explainer-India’s wheat exports surge as world prices soar Read More »