By Nidhi Verma NEW DELHI (Reuters) – India will not need to buy fertiliser from the spot markets to meet local demand in the summer sown crop season starting from April, the country’s fertilisers minister said on Wednesday. “There will be no shortages of fertilisers in the kharif season. We have adequate stocks, and our …
India has adequate fertiliser stocks for summer-sown crops- minister Read More »
By John Revill and Julie Zhu ZURICH/HONG KONG (Reuters) – Syngenta’s $9.5 billion flotation has moved a step closer after the Shanghai Stock Exchange scheduled a hearing next week for the Swiss agrichemicals and seeds company’s listing plan. A rival to U.S. company Corteva and German firms BASF and Bayer, Syngenta was bought for $43 …
Syngenta’s $9.5 billion IPO moves closer with Shanghai bourse hearing Read More »
BENGALURU (Reuters) -India is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch the government 28.67 billion rupees ($347.16 million), an exchange filing showed on Wednesday. So far, the government has mopped up 311.1 billion rupees by selling its shares in …
Indian govt proposes to sell up to 3.5% stake in defence firm HAL Read More »
By Arpan Chaturvedi and Jayshree P Upadhyay NEW DELHI/MUMBAI (Reuters) – India’s decision to allow foreign law firms to establish offices in the country is set to shake up its legal services industry, with local firms fretting star performers could soon be poached and predicting that fees will shoot higher to retain them. As of …
India’s law firms fret about poaching, plan fee hikes as foreigners gain a foothold Read More »
MOSCOW (Reuters) – Russia said on Wednesday that a division of its Bastion coastal defence missile systems had been deployed to Paramushir, one of the Kuril islands in the north Pacific, some of which Japan claims as its territory. The move is part of a wider strengthening of Russian defences in its vast far eastern …
Russia boosts defences near Japan, accuses US of expanding Asia-Pacific presence Read More »
BENGALURU (Reuters) – Indian two-wheeler maker Hero MotoCorp Ltd said on Wednesday it would raise prices on select models of motorcycles and scooters by about 2% from April as it grapples with increased costs to meet new emission norms. India will be implementing Bharat Stage 6 regulations from next month that require automakers to fit …
India’s Hero MotoCorp to raise prices on select models Read More »
(Reuters) – Russia and China issued a joint statement on Thursday following talks between presidents Vladimir Putin and Xi Jinping. Here is the section of the statement that relates to the war in Ukraine. Translation by Reuters: The Russian side positively assesses the objective and unbiased position of the Chinese side on the Ukrainian question. …
What Russia-Chinese joint statement says about Ukraine Read More »
By Fabian Hamacher TAIPEI (Reuters) -Germany’s education minister said on Wednesday that she was on a “normal work trip” to Taiwan to seek collaboration with partners that share similar challenges, a visit China has condemned as “vile”. China views democratically governed Taiwan as its own territory and has ramped up military, political and economic pressure …
Taiwan visit China called ‘vile’ is a ‘normal work trip’, German minister says Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced for a second straight session on Wednesday as concerns over a banking crisis receded further, while investors braced for a crucial interest rate decision by the U.S. Federal Reserve. The Nifty 50 index closed 0.26% higher at 17,151.90, while the S&P BSE Sensex rose 0.24% to 58,214.59. …
Indian shares end higher ahead of key Fed rate decision Read More »
BENGALURU (Reuters) – Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm, International Finance Corp (IFC), will invest 6 billion rupees ($72.58 million) in the company’s last mile electric mobility unit. The investment, which will be in the form of compulsory convertible instruments, will value the unit at 60.20 …
World Bank’s IFC to invest about $73 million in Mahindra’s last mile mobility unit Read More »
