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MUMBAI (Reuters) – India’s central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on Friday. “We are well on track to bring down …

India inflation likely to exceed top of RBI band until December, governor says Read More »

NEW DELHI (Reuters) – An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis. Sandeep Kumar Gupta, director of finance at Indian Oil, also said at an industrial seminar he expects economic damage from the Russia-Ukraine conflict to …

Indian Oil expects oil prices to stay over $100/bbl in 2022 Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Rice bran has become a sought-after commodity in India as the world’s biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions. A by-product in rice milling, rice bran has been traditionally used for cattle and poultry feed. In recent years, oil …

Humble rice bran becomes hot commodity as India scours for edible oils Read More »

MUMBAI (Reuters) – India recorded 17,336 new daily infections of the coronavirus, the health ministry said on Friday, the highest single-day rise since Feb. 20, according to a Reuters tally. India’s richest state of Maharashtra recorded more than 5,200 new infections on Wednesday, state authorities said, with 2,479 of those coming from the financial capital …

India records 17,336 new coronavirus cases, a four-month high Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday as India signalled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbour. Sri Lanka is facing its worst economic crisis in seven decades, …

India to support crisis-hit Sri Lanka’s economic recovery Read More »

By Ashitha Shivaprasad (Reuters) – India’s crude oil imports in May rose about 13.4% from a year earlier as refiners stocked up on cheaper Russian supply to cater to a recovery in demand in the world’s third-biggest oil consumer. Crude oil imports increased to 19.57 million tonnes, according to data from the Petroleum Planning and …

India’s May crude imports rise 13.4% year-on-year Read More »

NEW DELHI (Reuters) – Indian gas firm GAIL (India) Ltd plans to liquefy natural gas for easy transportation and sale in areas that are not connected with the pipeline grid, helping the nation boost use of the cleaner fuel. Prime Minister Narendra Modi wants to raise the share of cleaner fuel in the country’s energy …

India’s GAIL to enter gas liquefaction for retail sales Read More »

By Ruma Paul and Zarir Hussain DHAKA/GUWAHATI,India (Reuters) -Authorities in Bangladesh intensified efforts on Wednesday to deliver food and drinking water to millions of people struggling after heavy rain unleashed catastrophic flooding across a quarter of the country. Bangladesh is considered one of the world’s most climate-vulnerable countries, with a 2015 analysis by the World …

Bangladesh, India race to help millions stranded in deadly flooding Read More »

By Swati Bhat and Aftab Ahmed NEW DELHI/MUMBAI (Reuters) – India is opposed to providing any capital gains tax waivers to overseas debt investors even if it delays its goal of getting its bonds included in global bond indexes, two sources familiar with the matter said. The Indian government had initiated the process of listing …

India unlikely to offer tax waivers to fast track global bond index inclusion – sources Read More »