Exclusive-India seeks to restart stalled Adani coal imports probe
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme…
Exclusive-India, Russia suspend negotiations to settle trade in rupees -sources
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep…
Exclusive-India says ‘time has come’ for Airbus, Boeing to set up jet assembly plants
By Tim Hepher and Aditi Shah NEW DELHI (Reuters) – Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country’s civil aviation minister told…
Exclusive-India to discourage foreign trade settlement in Chinese yuan – sources
By Shivangi Acharya, Aftab Ahmed and Neha Arora NEW DELHI (Reuters) – India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved…
Exclusive-India may issue alert on Marion cough syrup exports after toxins found
By Krishna N. Das NEW DELHI (Reuters) – India may issue an alert on cough syrup exported by Marion Biotech, whose products have been linked to deaths in Uzbekistan, after tests showed…
Exclusive-India may peg gross borrowing under 16 trillion rupees in 2023/24 – sources
By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does…
Exclusive-India demands nearly $250 million from Pernod for undervaluing imports
By Aditya Kalra NEW DELHI (Reuters) – Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for over a decade to…
Exclusive-India govt ‘in no hurry’ on medium-term inflation target – sources
By Aftab Ahmed NEW DELHI (Reuters) – India’s government is in no hurry to push inflation – now hovering near 7% and eight-year highs – back to the central bank’s 4% medium-term…
Exclusive-India central bank prepared to spend $100 billion more defending rupee – source
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it…
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight…
Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document
By Aditya Kalra and Munsif Vengattil NEW DELHI – Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February as part of…
Exclusive-India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
By Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees,…
Exclusive-India LIC’s embedded value set at over $66.8 billion, govt official says
By Aftab Ahmed and Manoj Kumar NEW DELHI -State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government official who…
Breaking News
