NEW DELHI, July 25 (Reuters) – India’s Tata Steel Ltd (TISC.NS) expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 …
Read More »IMF: India’s rice restrictions could fuel food price inflation
WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …
Read More »India’s Rajasthan plans online surcharge for gig workers’ welfare fund
[1/2]The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo NEW DELHI, July 25 (Reuters) – The Indian state of Rajasthan has approved a bill …
Read More »Indian police arrest 74 Rohingya refugees in north
LUCKNOW, India, July 24 (Reuters) – Indian police said they arrested 74 Rohingya refugees on Monday for living “illegally” in the northern state of Uttar Pradesh – a move activists condemned as an arbitrary crackdown on people fleeing violence. The members of the Muslim Rohingya community were detained in six …
Read More »India’s PNB Housing posts 48% rise in Q1 profit on strong housing demand
BENGALURU, July 24 (Reuters) – Indian mortgage lender PNB Housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank (PNBK.NS), said its consolidated net profit …
Read More »India’s economy to hold top spot for GDP but not so much for job growth: Reuters poll
BENGALURU, July 24 (Reuters) – India’s economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment situation will improve only slightly. The world’s most populous country …
Read More »Exclusive: India’s rice export curbs put contracts for 2 million tons at risk – trade
MUMBAI, July 21 (Reuters) – India’s decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on …
Read More »Britain sees improved momentum in the latest round of India trade talks, source says
LONDON, July 21 (Reuters) – Talks between Britain and India on a free trade agreement (FTA) have gained momentum but further work is needed on services and tariffs to secure a deal, a British source close to the negotiations told Reuters. Britain began free trade talks with India in January …
Read More »Indian government orders Manipur state chief to ‘work harder’ to end violence
MUMBAI, June 25 (Reuters) – India’s federal government on Sunday ordered the chief minister of Manipur state to “work harder” to restore peace as violence between ethnic groups has not subsided for over 50 days despite a heavy security presence. “I have been advised by the home minister to work …
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