SYDNEY (Reuters) – India’s power minister said on Wednesday the current global energy crisis is likely to go on for some time due to the “cartelisation” of the fossil fuel industry, not just because of the Ukraine conflict. “This crisis is going to stay,” Minister of Power Raj Kumar Singh said at the Sydney Energy …
India power minister expects energy crisis to persist Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s annual consumer inflation remained painfully above the 7% mark and beyond the central bank’s tolerance band for the sixth month in a row, official data showed on Tuesday, raising prospects of more rate hikes by central bank next month. Economists said retail prices showed little sign of …
India’s retail inflation remains above 7% in June, more rate hikes seen Read More »
BENGALURU (Reuters) – India’s annual consumer inflation eased slightly to 7.01% in June from 7.04% the previous month, remaining painfully high and beyond the central bank’s tolerance band for the sixth month in a row as it battles to rein in price rises. June’s print was lower than the 7.04% forecast by economists in a …
Instant view: India’s June retail inflation accelerates to 7.01% y/y Read More »
By Shrivathsa Sridhar (Reuters) – As India prepares for its first “National Javelin Day” on Aug. 7 to mark the anniversary of Neeraj Chopra’s historic Olympic gold medal, the 24-year-old will hope to bring a maiden senior World Championships medal to the celebrations. Chopra, the son of a farmer, came up with an effort of …
Athletics-India’s javelin champion Chopra looks to break new ground at worlds Read More »
By Arsh Tushar Mogre and Devayani Sathyan BENGALURU (Reuters) -India’s inflation will hold above the top of the central bank’s tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed. One of the later entrants in …
India’s high inflation to stick for longer, rates to rise more Read More »
WASHINGTON (Reuters) – President Joe Biden will participate in a four-way virtual summit with the leaders of Israel, the United Arab Emirates and India during his Middle East trip this week, U.S. national security adviser Jake Sullivan said on Monday. Sullivan told reporters that the summit will focus on food security. (Reporting by Jeff Mason …
Biden to hold four-way virtual summit with Israel, UAE and India Read More »
By Sumit Khanna AHMEDABAD, India (Reuters) – Labourers masquerading as cricket players, clever camera angles and fake team names were all part of an elaborate hoax cricket league in western India shown on YouTube that was used to draw money from gamblers in Russia, police said on Monday. Fashioned along the lines of the popular …
That’s not cricket! – Indian police break up fake league Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – India’s coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as economic activity picked up and amid a domestic shortage of the fuel. India imported over 25 million tonnes of thermal coal and coking coal …
MUMBAI (Reuters) – The Reserve Bank of India is putting into place a mechanism for international trade settlements in rupees, which banks will need seek prior approval to use, it said in a release on Monday. The order takes immediate effect and the mechanism is designed to “promote growth of global trade with emphasis on …
India introduces mechanism for international trade settlements in rupees Read More »
By Manoj Kumar NEW DELHI (Reuters) – India is set to surpass China as the world’s most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth. The world’s population, estimated to reach 8 billion by …
India to surpass China as most populous country in 2023 -UN report Read More »
