MOSCOW/NEW DELHI (Reuters) -Russian President Vladimir Putin discussed the situation around Ukraine and how Moscow had resolved an armed mercenary mutiny in a telephone call with Indian Prime Minister Narendra Modi on Friday, the Kremlin and New Delhi said. Moscow said that Modi had expressed support for what the Kremlin called the Russian leadership’s decisive …
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By Rishika Sadam HYDERABAD (Reuters) -Two people were dead and five others were injured in a fire at a unit of a privately held pharmaceutical company in the southern Indian state of Andhra Pradesh on Friday, the police said. The fire broke out in a solvent reactor at a unit of Sahithi Pharma in Andhra …
Two dead, five injured in Indian pharma factory fire Read More »
(Reuters) – State Bank Of India said on Friday its chief financial officer Charanjit Surinder Singh Attra has resigned. (Reporting by Mrinmay Dey in Bengaluru; Editing by Mark Heinrich)
BENGALURU (Reuters) -Indian two-wheeler maker Hero MotoCorp on Friday said it would increase prices of specific models of motorcycles and scooters by around 1.5% from July 3, as it combats price positioning, input costs and business imperatives. The exact quantum of increase will vary by specific models and markets, the company said in an exchange …
India’s Hero MotoCorp to increase prices of specific two-wheeler models Read More »
BENGALURU (Reuters) – India’s Reliance Industries and a local unit of BP said on Friday they have started gas production from the third deepwater field in India’s KG D6 block in the Krishna Godavari basin. It is the last of the three major new deepwater developments the RIL-BP consortium have brought into production in block …
India’s Reliance starts production from third field in KG D6 block Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) -India is likely to receive an average amount of rain in July despite the likely emergence of the El Nino weather pattern, a senior weather department official said, encouraging farmers to accelerate crop planting which has progressed slowly due to patchy rains in June. The monsoon, vital …
India set for average rains in July, crop planting to accelerate Read More »
NEW DELHI (Reuters) – India’s fiscal deficit for the first two months in the financial year that started April 1 touched 2,102.87 billion rupees ($25.63 billion), nearly 11.8% of annual estimates, government data showed on Friday. April-May net tax receipts were 2780.45 billion rupees or 11.9% of the annual estimate, lower than 3075.89 billion rupees …
India’s April-May fiscal deficit touches 11.8% of annual target- govt Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India is weighing a plan to recover “excess revenue” earned by power plants in spot markets to provide funds to run gas-fired stations during crises, two government sources said. Under the early-stage proposals, a uniform price cap on spot power trades would be replaced with new limits …
India may recover ‘excess revenue’ earned by power firms – sources Read More »
NEW DELHI (Reuters) – India’s infrastructure output expanded 4.3% year-on-year in May, its highest since February, driven by a surge in cement, steel and fertilizer output, government data showed on Friday. Five out of the eight sectors posted year-on-year output growth in May, according to the data. The country’s infrastructure output last grew at a …
India’s May infrastructure output rises 4.3% y/y – government Read More »
BENGALURU (Reuters) – Indian metals-to-oil conglomerate Vedanta Ltd on Friday said it has initiated a strategic review of its steel and steel raw materials businesses. The review will begin immediately and will explore options, including a potential strategic sale of some or all of the steel businesses, the firm added. Friday’s news comes at a …
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