By Sethuraman N R (Reuters) – India is planning to establish a coal exchange which will aim to stabilize prices of the fuel and improve its availability, the country’s coal minister G. Kishan Reddy said at an industry event on Monday. “Last week we took a briefing on setting up coal exchange,” Minister added but …
India to launch coal exchange soon, minister says Read More »
By Swati Bhat MUMBAI (Reuters) – Aggregate demand in India is likely to shrug off the temporary slowdown in momentum seen in the second quarter as festive demand picks up pace and consumer confidence improves, the central bank said on Monday. “Rural demand is expected to get a boost from the improved agricultural outlook. Private …
India demand slowdown temporary, festive season to aid, cenbank says in bulletin Read More »
HONG KONG (Reuters) -Melioidosis, a bacterial infection, was responsible for killing at least nine monkeys at a Hong Kong zoo, authorities said, as a further two died over the weekend, taking the total to 11 in the past week. Part of the zoo, built in 1860 and the oldest park in Hong Kong, has remained …
Hong Kong authorities say soil infection killed monkeys, as 11th dies Read More »
By Hritam Mukherjee and Manvi Pant (Reuters) -India’s UltraTech Cement said on Monday it was seeing early signs of a price recovery, after it reported a sharp drop in second-quarter profit due to persistently low prices of the construction material. “Prices have been improving since the end of August and so far in October, have …
India’s biggest cement maker UltraTech sees early signs of price recovery Read More »
NEW DELHI (Reuters) – India and China have reached a deal on patrolling their disputed Himalayan frontier, aiming to resolve a four-year military stand-off, Indian Foreign Secretary Vikram Misri said on Monday. The two nuclear-armed neighbours have had tense relations since their troops clashed on the largely undemarcated frontier in 2020, leaving 20 Indian and …
Factbox-India’s clampdown on Chinese products and investment Read More »
(Reuters) – India’s most valuable home loan financier Bajaj Housing Finance posted a 21% rise in its second-quarter profit on Monday as demand for credit remained robust. The company, a unit of non-bank lender Bajaj Finance, reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest. …
India’s Bajaj Housing Finance posts Q2 profit rise on steady home loan demand Read More »
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled flights to and from Beirut until Nov. 6 …
Factbox-Airlines suspend flights as Middle East tensions rise Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India is exploring ways to import regular supplies of Mongolian coking coal by way of Russia, a senior government official with direct knowledge of the matter said, as New Delhi seeks to avoid over-reliance on transit through China. Mills in India, the world’s second-biggest producer …
India considers imports of Mongolian coking coal via Russia, source says Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) sold $6.49 billion, on a net basis, in the spot foreign exchange market in August, according to data released on Monday as part of the central bank’s monthly bulletin. In July, it had bought a net of $6.93 billion in the spot market. The RBI said …
India cenbank sold $6.49 billion in spot forex market in August, bulletin shows Read More »
BEIJING (Reuters) – China hopes Japan will work with it to maintain a “mutually cooperative and non-threatening” positioning between the two countries, Chinese Foreign Minister Wang Yi told Japan’s national security adviser Takeo Akiba on Monday. During a phone call, Wang expressed hope that Japan’s new cabinet would bring a fresh outlook, and that China-Japan …
China urges Japan to maintain ‘mutually cooperative, non-threatening’ ties, says Wang Yi Read More »
