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India PM Modi calls for reliable supply chain in summit with Putin, Xi

NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi called on leaders of regional security bloc that includes Russia and China to address energy and food crises sparked by the COVID-19 pandemic and the war in Ukraine. Modi was addressing a summit of Shanghai Cooperation Organisation (SCO) members in the Silk Road city of Samarkand …

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India’s current account deficit likely jumped to a near-decade high – Reuters poll

By Arsh Tushar Mogre BENGALURU (Reuters) – India’s current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices and the biggest capital outflows since the global financial crisis of 2008, a Reuters poll found. With the Indian rupee near a record low around …

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France respects India keeping Russia ties, foreign minister says

MUMBAI (Reuters) – France is aware of and respects India’s energy and other relations with Russia, its foreign minister told the India Today news channel on Thursday during a visit to the country. India has not condemned Russia’s February invasion of Ukraine, instead calling for negotiations and peace. Russia is India’s biggest foreign supplier of …

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India plans no more funding for Sri Lanka as IMF talks progress – sources

By Aftab Ahmed and Uditha Jayasinghe NEW DELHI/COLOMBO (Reuters) – India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island’s battered economy starts to stabilise after a preliminary loan agreement with the IMF. India …

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Insurers juggle rise in claims in India’s Bengaluru floods aftermath

(Refiles Sept. 14 story to fix company name paragraph 10) By Nandan Mandayam BENGALURU (Reuters) -India’s insurance providers are bracing for a massive rise in claims for damaged cars and property as floodwaters start receding in India’s tech hub Bengaluru, with initial estimates showing losses running into millions of rupees. Three days of heavy rainfall …

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Nigeria to produce vaccines locally with Serum Institute of India

LAGOS (Reuters) – Nigeria will partner with Serum Institute of India to start local manufacturing of vaccines used in the country’s immunisation programmes, health minister Osagie Ehanire said on Wednesday. Africa’s most populous country imports all of its vaccines, including those used to prevent polio, measles and tuberculosis, but has been seeking foreign partners to …

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France to work with India on nuclear power plant project – minister

NEW DELHI (Reuters) – France will continue to work with India on the Jaitapur nuclear power plant project in the state of Maharashtra, Foreign Minister Catherine Colonna said on Wednesday. “We have a special partnership between India and France,” Catherine Colonna said in New Delhi. (Reporting by Shivam Patel in New Delhi, Editing by Louise …

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