[1/2]People buy tomatoes from a vendor at a vegetable market in Ahmedabad, India, July 25, 2023. REUTERS/Amit Dave/File Photo NEW DELHI, July 26 (Reuters) – Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying …
Read More »India’s Modi govt faces no-confidence vote over ethnic clashes
[1/2]India’s Prime Minister Narendra Modi speaks during a meeting at The Ministry of Foreign Affairs in Paris France July 14, 2023. JULIEN DE ROSA/Pool via REUTERS/File Photo Prime Minister not at risk of losing confidence vote Is a tactic to force a debate about Manipur violence NEW DELHI, July 26 …
Read More »India tax council to meet on Aug 2 to finalise online gaming tax – source
NEW DELHI, July 26 (Reuters) – India’s Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday. The council, chaired by India’s …
Read More »India’s GlaxoSmithKline Pharma posts rise in Q1 profit on steady vaccine business
BENGALURU, July 26 (Reuters) – GlaxoSmithKline Pharmaceuticals (GLAX.NS), the Indian unit of UK’s GSK plc (GSK.L), posted an 11% rise in first-quarter profit on Wednesday, buoyed by strong demand for its vaccines. The firm said consolidated profit for the quarter ended June 30 rose to 1.32 billion rupees ($16.10 million) …
Read More »India’s prime minister’s office probing dumping of Chinese stainless steel, Jindal Stainless executive says
NEW DELHI, July 26 (Reuters) – India’s Prime Minister’s office (PMO) has launched a probe into potential dumping of Chinese stainless steel products into the country, Abhyuday Jindal, managing director of Jindal Stainless (JIST.NS), said on Wednesday. “The Prime Minister’s Office has taken up the mantle,” Jindal told reporters, adding …
Read More »India’s offer to privatise rocket has 20 potential bidders
BENGALURU, July 27 (Reuters) – The Indian government’s effort to privatise part of its space programme by opening bids to build its small satellite launch rocket has attracted initial interest from 20 companies, an official overseeing the process told Reuters. India’s Small Satellite Launch Vehicle (SSLV) was developed by the …
Read More »India’s BPCL still in talks for Russian oil deal, discounts narrow
NEW DELHI, July 27 (Reuters) – Indian refiner Bharat Petroleum Corp (BPCL.NS) is still in talks with Russian oil major Rosneft (ROSN.MM) to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. “Yes, there were discussions happening with Rosneft but …
Read More »India asking for renegotiation of FTAs with Japan, S.Korea -trade minister
NEW DELHI, July 27 (Reuters) – India has asked Japan and South Korea to renegotiate their free-trade agreements (FTAs) with the South Asian nation to make it “more balanced and equitable”, India’s trade minister said on Thursday, amid a widening trade gap with the countries. “Japan and Korea – we …
Read More »India-Pakistan tie among World Cup matches set to be rescheduled
NEW DELHI, July 28 (Reuters) – Barely three months to go before the start of the 50-overs World Cup, the organising Indian cricket board has said the schedule would be adjusted and an Oct. 15 India v Pakistan humdinger in Ahmedabad could be among matches affected. World Cup schedules are …
Read More »Vegetables in India to cost more for longer on erratic monsoon
KOLAR, India, July 28 (Reuters) – Vegetable prices in India are set to stay higher for longer, as erratic monsoon rains delayed planting and damaged ripening crops, farmers and traders said. Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in …
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