June 13, 2022
June 13, 2022

India considers curbing fridge imports

India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters on Thursday, potentially freezing out shipments from Samsung Electronics Co and LG Electronics Inc in the $5 billion market.

June 13, 2022
June 13, 2022

India issues 6m tonnes imported coal tenders

Coal India, the world’s largest coal miner by output, has issued two tenders to import 6 million tonnes of coal for utilities in the next 12 months, it said on Friday, as the government seeks to boost fuel availability.

June 12, 2022
June 12, 2022

India’s fuel demand jumps 24pc

India’s fuel consumption jumped 23.8 per cent in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third biggest oil consumer was in the grip of a second wave of Covid-19.

June 9, 2022
June 9, 2022

India hikes interest rates by 50 basis points

India’s central bank on Wednesday hiked rates for a second time in as many months, as Asia’s third-largest economy reels from galloping inflation in the wake of the Ukraine war.

June 8, 2022
June 8, 2022

Indian rice traders step up purchase amid panic

India’s surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world’s top rice exporter may restrict those shipments as well, four exporters told Reuters.

June 8, 2022
June 8, 2022

Wheat trucks held up in Indian ports

Hundreds of trucks carrying wheat to Bangladesh have been held up at different land ports in West Bengal for at least three weeks.

June 5, 2022
June 5, 2022

India says no plans for now to curb food exports

India has no plans to curb food exports for now, Piyush Goyal, the Minister for Commerce and Industry, Consumer Affairs and Food and Public Distribution said on Friday, weeks after New Delhi banned private wheat exports.

June 2, 2022
June 2, 2022

Indian private refiners profit from cheap Russian crude

There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices.

June 2, 2022
June 2, 2022

India growth slows in Q1

India’s growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.

May 30, 2022
May 30, 2022

India faces wider coal shortages

India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages.