Indian
TotalEnergies pauses funding for Adani Group after bribery charges
French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
Tata seals deal for iPhone plant in Tamil Nadu
India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters.
India’s forex reserves fall for sixth week
India’s foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India (RBI) showed on Friday.
India eyes record rice production in 2024-25 monsoon
India, the world’s biggest rice exporter, is likely to produce a record 119.93 million tonnes of the staple crop in 2024-25 “kharif” season on the back of a good monsoon, the country’s agriculture ministry said yesterday.
India draws roadmap for textile revamp
India has drawn up a roadmap for generating 4.5-6 crore jobs in the textile sector by 2030 to make its market size grow to $350 billion from around $165 billion at present, India’s Textiles Minister Giriraj Singh said.
India’s edible oil demand to rise
India’s edible oil consumption is set to grow at a pace of 2 percent-3 percent as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday.
India’s exports to Bangladesh fell 28% in August
India’s exports to Bangladesh dropped by 28 percent year-on-year to $681 million in August, according to a report by The Indian Express.
India growth slows to 6.7% on lower consumer spending
India’s economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world’s fifth-largest economy.
Rupee notches best week in 2 months
The Indian rupee strengthened on Friday, posting its biggest weekly gain in two months, as benign US inflation reading reinforced expectations of a smaller rate hike by the Federal Reserve next month.
India’s forex reserves slip
India’s foreign exchange reserves fell to $561.58 billion in the week through January 6, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.
India GDP growth to slow to 7% on global headwinds
India’s economic growth will slow to 7.0 percent this financial year, according to official estimates released Friday, as weaker global demand and high inflation weigh on the world’s fifth-largest economy.
India’s jobless rate rises to 16-month high
India’s unemployment rate rose to 8.30 per cent in December, the highest in 16 months, from 8.00 per cent in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday.
India’s forex reserves slip for second week
India’s foreign exchange reserves fell to $562.81 billion in the week through December 23, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.
Review import demand for 7 items
India has suggested that Bangladesh review the proposed import quota on seven food items as the neighbouring nation believes the quantity sought as a guaranteed supply is too high.
Indian firm to upgrade Mongla port
Egis India Consulting Engineers Private Limited has been appointed as consultant for a capacity building project worth Tk 6,014 crore at Mongla port, the second largest seaport in Bangladesh.
India should prepare for headwinds: IMF
India’s future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday.
India’s forex reserves fall, now $563.5b
India’s foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through December 16, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.
Rupee gains on dollar index weakness
The Indian rupee advanced against the US currency on Thursday, tracking a fall in the dollar index ahead of US data.