Page 178 - India

Oil exports to India will continue, will strike new trade records: Russia

There is a steep jump in Russian oil export to India, as it has increased ten times this year and Russian crude oil is now fulfilling almost ten per cent of India's imported oil consumption

Indian pharma industry likely to grow to $130 bn by 2030, says IPA

The trade shows are jointly organised by Indian Pharma Machinery Manufacturers Association (IPMMA), Indian Analytical Instruments Association (IAIA) and Messe Muenchen

India emerges as Sri Lanka's top lender in 2022, think tank report says

India has emerged as the top lender to Sri Lanka in 2022, disbursing USD 377 million in loans to the island nation as it grappled with an unprecedented political crisis and economic turmoil, according to the Verite Research think-tank. The Asian Development Bank follows India with USD 360 million in loans. They account for 76 per cent of total disbursements from January to April 2022. Out of a total disbursement of loans amounting to USD 968 million in the first four months this year, India with a contribution of USD 377 million has emerged as Sri Lanka's largest bilateral lender, Verite Research, a Colombo-based independent interdisciplinary think-tank providing strategic analysis and advice for governments and the private sector in Asia, said. Between 2017 and 2021, China has been the largest bilateral lender to Sri Lanka. In 2021, China had provided USD 947 million of which USD 809 million were borrowings from the China Development Bank. The ADB has been the largest multilateral

Kellogg India's FY22 revenue from operations up by 14% to Rs 1,332 cr

Breakfast cereal producer Kellogg India's revenue from operation was up 14.12 per cent in 2021-22 to Rs 1,332 crore as compared to the previous year. Its profit after tax in FY22 jumped 42.94 per cent to Rs 102.51 crore as against Rs 71.71 crore a year ago, as per the data provided by business intelligence platform Tofler. Other income was at Rs 20.24 crore in last fiscal year. Total revenue was at Rs 1,352.24 crore, up 14.15 per cent as compared to Rs 1,184.54 crore a year ago. Total expenses of Kellogg India, a subsidiary of Kellogg's Company, USA, were also up 13.18 per cent to Rs 1,217.18 crore. The company sells products such as cornflakes, Chocos, energy bars muesli, oats, granola, Froot Loops and upma in the Indian markets. It received 79.13 per cent of turnover in FY22 from the manufacturing of processed foods and 16.11 per cent from the trading of goods. In FY22, FMCG companies witnessed a surge in demand for packaged food products due to hygiene and safety issues afte

India's trade with Russia in rupees to start soon, says FIEO's President

Indian companies are already swapping out dollars and euros for Asian currencies to settle trades to avoid Western sanctions on Russia

Technologies like quantum computing core for India's growth: MoS IT

Quantum computing has been gaining pace in recent times as tech leaders look to solve scale related problems that need high computing power

'I have not returned empty handed' from India: Bangladesh PM Hasina

Prime Minister Sheikh Hasina said on Wednesday that her recent visit to India benefitted Bangladesh and she has not returned "empty handed" and emphasised that her trip has opened up a new horizon in the relationship between the two friendly neighbouring countries. During Hasina's visit, India and Bangladesh signed seven agreements, including one on sharing of waters of Kushiyara river which is expected to benefit the regions of southern Assam and Bangladesh's Sylhet region. "They (India) have shown much sincerity and I have not returned empty handed," Hasina told reporters here, nearly after a week she returned home following a four-day visit to India from September 5 to 8. "I think that my visit, after a long break of three years due to the Covid pandemic, has opened a new horizon in Bangladesh-India relations, she said, adding that the people of both sides would be benefited from the cooperation in all the areas identified during her India visit and the decisions taken to solve t

ICMR conducts study on India's first fatal case of monkeypox from Kerala

The first fatal case of monkeypox in India highlights the importance of maintaining a high index of suspicion to diagnose the viral disease in those presenting with atypical manifestations, exanthematous fever with epidemiological linkage from endemic or outbreak countries, according to an ICMR study. The study, 'A fatal case of monkeypox virus infection from Kerala India 2022' has been published as pre-print and has not been peer reviewed. So far, 11 cases of monkeypox have been reported in India -- five from Kerala and six from Delhi. A 22-year-old apparently immunocompetent male with no significant past medical history was admitted in an unconscious state to a private hospital in Kerala following a single episode of acute onset generalized tonic-clonic seizures, the study stated. The patient developed fever, headache on July 15 while in the UAE followed by development of painful right inguinal lymphadenopathy with pus discharge for which he had sought medical care on July 19. H

Whole world is looking at India for knowledge, says RSS chief Bhagwat

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Wednesday said people of the country need to understand their "swa" (self) because the whole world is looking at India for knowledge. He was speaking at a seminar on the subject "Swadhinta Se Swatantrata Ki Aur", organised by the RSS' sister outfit Bharatiya Vichar Manch here. "Other countries look toward ancient Indian philosophy for guidance. Our ancient scriptures and books are eternal. Even today, the whole world looks toward India for knowledge. In such a situation, we all need to understand our 'swa' (self)," Bhagwat is quoted as saying in a release. Even top judges have appealed to make necessary changes in the judicial process "on that basis", he said. "It's the religion which teaches us the lessons of love, compassion, truth and penance. We never divided knowledge as indigenous or foreign. We always believed in adopting good thoughts coming from all directions. Countries which forget their history are destined to be

India set to allow 5 mn tonnes of sugar exports in first tranche: Report

On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier

India's rice exports set to fall 25% as levy make shipments expensive

"The duty has made Indian rice expensive. Exports would drop by at least 5 million tonnes," B.V. Krishna Rao, president of The Rice Exporters Association (TREA), told Reuters.

Starc, Marsh, Stoinis to miss coming T20I against India due to injuries

Australia will have a warm-up match against India at The Gabba, Brisbane before starting their Men's T20 World Cup campaign at home against New Zealand on October 22 in Sydney

Poverty has fallen, but social inequality in India has increased: Report

The Competitiveness Roadmap for India@100 showed that inequality in India has increased sharply since 2000 in contrast to most of the other countries in the world

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,

No military solution to any conflict: India on Armenia-Azerbaijan clash

In the midst of fresh fighting along the Armenia-Azerbaijan border, India on Tuesday called upon the "aggressor side" to "immediately cease hostilities" and said there can be no military solution to any conflict. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi said India believes that bilateral disputes should be settled through diplomacy and dialogue. "We have seen reports of attacks along the Armenia-Azerbaijan border, including targeting of civilian settlements and infrastructure on September 12-13. We call upon the aggressor side to immediately cease hostilities," Bagchi said. He was responding to media queries on the reports of the attacks. "We believe that bilateral disputes should be settled through diplomacy and dialogue. There can be no military solution to any conflict. We encourage both sides to pursue talks to arrive at a lasting and peaceful solution," Bagchi said. There has been a raging military conflict between Armenia and Azerbaijan over ...

India's hiring outlook ranked second globally: ManpowerGroup report

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

PM Modi likely to meet Pak PM Sharif during SCO summit in Uzbekistan

The Prime Minister is also expected to meet Chinese President Xi Jingping and Russian President Vladimir Putin during the SCO summit

Moscow aims pre-Covid level footfall from India by end of 2023: Official

Over 13,000 Indians visited Moscow during the first half of 2022 and the footfall is expected to reach pre-Covid levels by 2023 end, despite the ongoing war in the region, Moscow City Tourism Committee said on Tuesday. This year during the first six months, Moscow hosted 13.3 thousand Indians and it is expected that the pre-pandemic figures will be reached by the end of 2023, Moscow City Tourism Committee said in a statement. In 2021, when the borders opened after the pandemic, it was noted that 48 per cent of Indian travellers visited Moscow. According to the Federal Agency for Tourism, in 2021, the tourist flow from India to Moscow has recovered by 40 per cent compared to the pre-pandemic 2019. The main driver for this growth in Indian footfalls to Moscow is the visa policy of Russia. In September, President Vladimir Putin supported the initiative to introduce a visa-free regime for groups of foreign tourists. Besides that, the e-visa application will be launched for 52 countri

India's industrial production growth less than estimates: Morgan Stanley

Manufacturing activity growth slowed to 3.2 per cent, and electricity production to 2.3 per cent

Nokia unveils feature phone with in-built wireless earbuds in India

The company claimed that the new phone comes packed with a 1450mAh battery that delivers hours of talk and playback time and lasts for weeks on standby