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BENGALURU (Reuters) -India’s Adani Group is in talks with more than 10 global banks to raise at least $1.5 billion through dollar bond sales, Bloomberg News reported on Thursday, citing people familiar with the plans. The bonds would be issued mainly under Adani Green Energy and Adani Energy Solutions, the group’s renewable energy and power …

India’s Adani Group to raise at least $1.5 billion via dollar bonds, says Bloomberg News Read More »

MOSCOW (Reuters) – An Air India Boeing 787-800 passenger plane en route from India to Britain made a precautionary landing in Moscow on Wednesday due to “technical problems”, Sheremetyevo Airport said. The plane, en route from New Delhi to Birmingham, landed safely without any injuries to all 258 passengers and 17 crew members. The scheduled …

UK-bound Air India plane makes emergency landing in Moscow Read More »

BENGALURU (Reuters) -Reliance Industries has won a bid under an incentives program which supports EV battery production, a statement from the Indian government said on Wednesday. Earlier this year, seven companies submitted bids to set up local manufacturing units for the production of advanced chemistry cells, or ACCs, under the government’s production-linked incentive (PLI) scheme. …

India’s Reliance wins bid for govt incentives to make EV batteries Read More »

SINGAPORE (Reuters) – Indian Prime Minister Narendra Modi will meet with Singapore counterpart Lawrence Wong during a two-day visit to the city-state starting on Wednesday, Singapore’s government said. Modi will also meet Singapore President Tharman Shanmugaratnam and former Prime Ministers Lee Hsien Loong and Goh Chok Tong during the trip, his fifth to Singapore and …

Indian PM Modi to start 2-day Singapore visit on Wednesday Read More »

NEW DELHI (Reuters) – Indian refiner Bharat Petroleum Corp and explorer Oil and Natural Gas Corp are jointly exploring setting up a refinery, two sources familiar with the matter said. The talks are at a very nascent stage, the sources, who did not want to be named because they are not authorised to speak to …

India’s BPCL, ONGC jointly exploring setting up refinery, sources say Read More »

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank …

SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says Read More »

By Subrata Nag Choudhury KOLKATA (Reuters) -India’s federal police said it had arrested the former principal of R.G. Kar Medical College in Kolkata for alleged graft, after an investigation in the case of the brutal rape and murder of a young female doctor on the premises. Sandip Ghosh, who resigned as principal of the British …

Ex-head of Indian college where doctor was raped arrested for suspected graft Read More »