By Rama Venkat BENGALURU (Reuters) – Indian shares settled at one-week lows on Tuesday, with declines led by metal and IT stocks, as risk-averse trades took hold of financial markets globally on worries about economic growth as well as geopolitical concerns. Forty-seven of the 50 stocks on the NSE Nifty 50 index closed lower, pulling …
Indian shares fall 1.5% amid global risk aversion Read More »
NEW DELHI (Reuters) – India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country’s upstream regulator, as the world’s third largest oil consumer seeks to boost local output. “There is an unprecedented interest in Indian exploration and production by global oil …
India offers 42 hydrocarbon blocks in latest auction Read More »
By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) -India maintains a “healthy dialogue” with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. Russia last week issued a decree allowing it to seize Exxon Mobil’s 30% stake …
India will weigh what Russia has to offer on Sakhalin-1 ownership revamp Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Heavy rainfall in India has damaged key summer-sown crops such as rice, soybean, cotton, pulses and vegetables just before harvesting, which could stoke food inflation in Asia’s third biggest economy, farmers, traders and industry officials said. Higher food prices could prompt New Delhi to slap additional restrictions on exports …
Heavy rains damage Indian crops ahead of harvest, threatening higher food prices Read More »
NEW DELHI (Reuters) – Incessant rain lashed parts of northern India on Monday forcing schools to close in several cities as an unusually late rainy season prolonged havoc across the country, and killed 18 people over the past 24 hours. The state-run Indian Meteorological Department (IMD) said heavy rainfall was expected for the northwestern states …
Late monsoon brings more misery to north India; 18 dead Read More »
By Saurabh Sharma LUCKNOW, India (Reuters) – Mulayam Singh Yadav, a veteran Indian politician and three-time chief minister of the country’s most populous state, died on Monday after over six weeks in hospital, his son said. Yadav, who was 82, entered politics in his 20s, rising to become chief minister of northern Uttar Pradesh state …
Veteran Indian politician Mulayam Singh Yadav dies at 82 Read More »
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a U.S. jobs report that firmed bets of more aggressive rate hikes. The rupee hit a record low of 82.6825, before easing to last trade at 82.38. It is now …
India’s RBI sells dollars as rupee hits record low on U.S. rate hike woes Read More »
BENGALURU (Reuters) – Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10 billion to fund its expansion into clean energy, ports and cement businesses, Mint newspaper reported on Monday. Adani Group will invest more than $100 billion over the …
India’s Adani in talks with investors to raise $10 billion- Mint Read More »
SYDNEY (Reuters) – India does not want to say in advance how it will vote at the United Nations General Assembly on a likely draft resolution condemning Russia’s proclaimed annexation of parts of Ukraine, Foreign Minister S. Jaishankar said on Monday. “As a matter of prudence and policy, we don’t predict our votes in advance,” …
India declines to disclose upcoming U.N. vote on Ukraine Read More »
MUMBAI (Reuters) – At least 12 people died and two were in critical condition after a bus caught fire in Nashik city in India’s western state of Maharashtra on Saturday, a police official told Reuters. More than 30 injured were being treated at the local Civil Hospital while an investigation into the cause of the …
At least 12 dead, over 30 injured in bus fire in India’s Nashik city Read More »
