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BENGALURU, April 9 (Reuters) - India's annual inflation likely rose modestly in March to 3.48%, according to a Reuters poll of economists, as a fall of around 11% in gold prices last month partly offset a surge in fuel prices in the wake of the Iran war. While food price rises were modest, the U.S.-Israeli war on Iran which began on February 28 prompted a jump in global oil prices and severe fuel shortages in India, the world's most populous country. But retail price rises have been mostly sta ...Read More >
April 9 (Reuters) - British Foreign Secretary Yvette Cooper will say on Thursday that shipping through the Strait of Hormuz, which carries around a fifth of the world's oil and gas, must be toll-free, countering a push by Iran to control the vital waterway. Iran has said it wants to charge fees for ships to pass through the Strait of Hormuz. Before the U.S.-Israeli war with Iran, the strait was formally treated as an international waterway. Item 1 of 2 Britain's Prime Minister Keir Starmer a ...Read More >
NEW DELHI, April 9 (Reuters) - India's oil minister Hardeep Singh Puri will make an official visit to Qatar on April 9 and 10, authorities in New Delhi said on Thursday, as the world's most populous country reels from disruptions to LPG supply. The visit follows Tuesday's news of a ceasefire between the United States and Iran, but Israel continues to pound Lebanon with its heaviest strikes. Reporting by Sakshi Dayal; Writing by Tanvi Mehta; Editing by Clarence Fernandez Our Standards: Th ...Read More >
NEW DELHI, April 9 (Reuters) - Jos Buttler has been around long enough to know it usually takes perseverance to bring a run drought to an end and the Gujarat batter's resolve was finally rewarded with a stellar knock in the Titans' win over Delhi Capitals on Wednesday. England's former white‑ball captain had managed just 87 runs across eight innings in this year's Twenty20 World Cup but scores of 38 and 26 in the first two games of the Indian Premier League suggested a turnaround was at hand. ...Read More >
NEW DELHI, April 8 (Reuters) - Gujarat Titans survived a ferocious late assault from David Miller to clinch a nerve-shredding one-run win over Delhi Capitals in an Indian Premier League (IPL) thriller on Wednesday. Asked to bat, Gujarat stacked up 210-4 and appeared to have the game in the bag after Delhi's chase wobbled when KL Rahul departed after a 52-ball 92. Miller, who had earlier retired hurt with a hand injury, returned to transform a canter into a cliff-hanger before Delhi finished on ...Read More >
DHAKA/NEW DELHI - Bangladesh on April 8 sought to increase fuel purchases from India, as foreign minister Khalilur Rahman made the new government's first ministerial visit to New Delhi, a further sign that strained relations between the two countries may be easing. During his two-day trip, Mr Rahman held talks with India's External Affairs Minister, Mr S. Jaishankar, and Petroleum and Natural Gas Minister Hardeep Singh Puri, including on energy cooperation. Mr Rahman thanked India for recent d ...Read More >
April 7 (Reuters) - Levi Strauss (LEVI.N), opens new tab on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs. The jeans maker has been working to blunt the impact of higher U.S. import duties through a mix of price hikes, cost controls, supplier negotiations and a diversified sourcing base that is less reliant on China. In J ...Read More >
SINGAPORE, April 8 (Reuters) - India has withdrawn its offer to host the United Nations annual climate Conference Of the Parties (COP33) in 2028, two government officials familiar with the matter told Reuters. India communicated its decision to not host the conference this month, the officials said, but it was not immediately clear why the government had pulled out. The officials declined to be named as they are not authorised to speak to the media. Prime Minister Narendra Modi had propose ...Read More >
SINGAPORE, April 8 (Reuters) - India has withdrawn its offer to host the United Nations annual climate Conference Of the Parties (COP33) in 2028, two government officials familiar with the matter told Reuters. India communicated its decision to not host the conference this month, the officials said, but it was not immediately clear why the government had pulled out. The officials declined to be named as they are not authorised to speak to the media. Prime Minister Narendra Modi had proposed h ...Read More >
NEW DELHI, April 8 (Reuters) - South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday. In its latest South Asia Economic Update, the bank said growth should recover to 6.9% in 2027, while the region would remain the fastest growing among emerging market and developing economies. The World Bank said the outlook was highly uncertain ...Read More >
President Donald Trump announced the U.S. reached a ceasefire with Iran for two weeks, just hours ahead of a deadline Trump imposed. April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcementcame less than two hours before U.S. President Donald Trump's deadline, in a shar ...Read More >
New Delhi: The Airports Economic Regulatory Authority (AERA) of India has ordered a 25 per cent cut in landing and parking charges at major airports across the country to airlines to help them tide over the financial crisis arising out of the West Asia crisis. This move came after the government asked for temporary support to airlines hit by rising costs linked to the Iran conflict. IndiGo and Air India has raised the issue of reduced charges, Reuters reported. The reduced charges will only be ...Read More >
NEW DELHI: India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week, the data showed. Indian Oil, the country's top refiner, did not imme ...Read More >
April 8 (Reuters) - Adani Green Energy on Wednesday said group chair Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit stemming from an alleged bribery scheme filed by the U.S. Securities and Exchange Commission in a New York court by April 30. * The company said that the defendants have submitted apre-motion letter to the court indicating their intent to seekdismissal of the SEC's complaint and said they are willing toattend a pre-motion hearing, if scheduled. * T ...Read More >
April 8 (Reuters) - Adani Green Energy (ADNA.NS), opens new tab on Wednesday said Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit filed by the U.S. Securities and Exchange Commission in a New York court by April 30, citing lack of jurisdiction. Reporting by Nishit Navin; Editing by Sonia Cheema Our Standards: The Thomson Reuters Trust Principles., opens new tab ...Read More >
NEW DELHI: India is set to receive its first oil from Iran in seven years this week, after the US temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp IOC and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately respond to a Reuters ema ...Read More >
NEW DELHI, April 8 (Reuters) - India is set to receive its first oil from Iran in seven years this week, after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp .NS> and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately ...Read More >
April 8 (Reuters) - India's airport tariff regulator has ordered major airports to cut landing and parking charges by 25% for three months for domestic flights, offering relief to the country's airlines that are under financial pressure due to the Iran war. The move to cut charges comes after IndiGo and Air India sought the rationalisation of some fees levied by airports. The country's two largest airlines are facing a double whammy from the Iran war, as Indian airlines are already barred from ...Read More >
April 8 (Reuters) - Shares of Indian jeweller Titan Company (TITN.NS), opens new tab rose as much as 5.7% to hit a record high on Wednesday, after posting a 42% rise in quarterly domestic sales, driven by higher average selling prices for gold and a rise in buyer volumes. Titan's mainstay jewellery business, which accounts for over 90% of its revenue, grew 46% year-on-year, the company said in a business update for the quarter ended March 31. Spot gold prices rose nearly 8% during the quarter ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo ra ...Read More >
MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo rate (INREPO=ECI), opens new tab st ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. The RBI's six-member monetary policy committee voted to keep the repo rate steady at 5.25%. All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC also decided to continue with th ...Read More >
NEW DELHI: India, the world's second-largest sugar producer, has no plans to curb sugar exports, Food Secretary Sanjeev Chopra said on Tuesday (April 7), as a fall in domestic consumption partly offset lower-than-expected output. The South Asian country has allowed exports of 1.59 million metric tonnes on the assumption production would exceed local demand. However, output is projected to fall below consumption for a second consecutive year due to weaker cane yields in the biggest producing st ...Read More >
MUMBAI, April 8 (Reuters) - The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging oil prices and the rally in Asian currencies after a two‑week Middle East ceasefire. The rupee is likely to open in the 92.40-92.50 range versus the U.S. dollar, having settled at 93.0075 on Tuesday. Brent crude June futures plunged nearly 14% to $94.10 a barrel, U.S. equities rallied more than 2%, while South Korean and Japanese shares climbed ...Read More >
BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures. Since the start of the U.S.-Israeli strikes on Iran, oil prices have increased over 50 per cent, raising risks to both growth and inflation. South Korea is the world's fourth-largest importer of oil with around 70 per cent coming from the Gulf region. At ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. Wilson's resignation comes just days after its bigger domestic rival, IndiGo, tapped aviation veteran Willie Walsh as its next CEO. The country's two largest carriers are under pressure from an industry crisis stemming from the Midd ...Read More >
Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people. Wilson, whose term was set to end in 2027, will stay in the role until a successor is appointed, Air India said. A former Singapore Airlines executive, Wilson was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022 following years of losses. During ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
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