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Analysis: U.S. military deals not enough to wean India off Russian arms yet

India’s multi-billion-dollar purchases of U.S. arms are less about shifting its reliance on Russian defence equipment and moving towards the West - it's more about developing its own domestic weapons industry, security officials and analysts say.

New-delhi , Delhi , India , China , Pakistan , Australia , Ukraine , Israel , Moscow , Moskva , Russia , Germany

India's Godrej Aerospace eyes share of GE engine manufacturing

India's Godrej Aerospace said on Monday it will pitch to manufacture modules of GE 414 engines and become part of the supply chain to manufacture engines that will power the country's next generation indigenous fighter jets.

Mumbai , Maharashtra , India , Khalapur , Hindustan , India-general- , Maneck-behramkamdin , Himani-sarkar , Narendra-modi , Dhwani-pandya , Raju-gopalakrishnan , Thomson-reuters-trust-principles

Indian court turns down PepsiCo's appeal against revocation of potato patent

An Indian court rejected PepsiCo Inc's appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company's popular Lay's potato chips.

Germany , India , Delhi , German , Navin-chawla , Justice-navin-chawla , Kim-coghill , Kavitha-kuruganti , Sumit-khanna , Mayank-bhardwaj , Reuters , Bayer-ag

Sri Lanka cuts key rates as expected; more cuts seen by year-end

Sri Lanka cut its key interest rates for the second consecutive month on Thursday as inflation tapered after last year's devastating economic crisis and the focus returned to reviving economic growth following a bailout from the International Monetary Fund (IMF).

Colombo , Western , Sri-lanka , Ranil-wickremesinghe , Raju-gopalakrishnan , Sudipto-ganguly , Dimantha-mathew , Gotabaya-rajapaksa , Thilina-panduwawala , International-monetary-fund , Frontier-research , Thomson-reuters-trust-principles

India can aim lower in its chip dreams

India’s semiconductor dreams are facing a harsh reality. After struggling to woo cutting-edge chipmakers like Taiwan Semiconductor Manufacturing to set up operations in the country, the government may now have to settle for producing less-advanced chips instead. Yet that’s no mere consolation prize: the opportunity to grab share from China in this commoditised but vital part of the tech supply chain could pay off.

Beijing , China , New-delhi , Delhi , India , Bengaluru , Karnataka , Taiwan , Washington , United-states , Ashwini-vaishnaw , Thomas-shum

Malaysia c.bank to hold key rate on July 6, may not resume tightening: Reuters poll

Malaysia's central bank will leave its key interest rate unchanged at 3.00% on Thursday and keep it there for the rest of the year, marking the end of its modest tightening cycle as inflation has showed signs of cooling, a Reuters poll found.

Gareth , India-general- , India , Bengaluru , Karnataka , Malaysia , Jan-harvey , Hari-kishan , Anant-chandak , Veronica-khongwir , Khoon-goh , European-central-bank

El Nino will brew up potent new economic storm

Just when you thought it was safe to hope interest rates might soon peak, along comes more bad news. It looks likely that the El Nino weather phenomenon has returned, according to both the U.S. National Oceanographic and Atmospheric Administration and the Australian Bureau of Meteorology. Its appearance usually results in, or exacerbates, floods, heatwaves, water scarcity and wildfires, especially in the southern hemisphere. The damage these inflict on crops and infrastructure is inflationary, putting pressure on central banks to tighten monetary policy. If climate change makes such events stronger and more frequent, supply shocks will become embedded.

Brazil , China , Melbourne , Victoria , Australia , New-zealand , Thailand , United-states , Italy , Vietnam , Republic-of , New-delhi

Putin, Xi to attend virtual SCO summit hosted by India's Modi

Leaders of the Shanghai Cooperation Organisation (SCO) on Tuesday will hold an online summit hosted by India seeking to expand the influence of the Eurasian group by including Iran and opening a path to membership for Belarus.

Pakistan , New-delhi , Delhi , India , Uzbekistan , Ukraine , Iran , Beijing , China , Indonesia , Kazakhstan , Russia

India mulls bilateral deals for green hydrogen-linked carbon credits - sources

India is considering bilateral agreements with countries such as Japan to allow them to use carbon credits linked to green hydrogen production in India in exchange for investment and purchase deals, two government sources and one industry source told Reuters.

Japan , New-delhi , Delhi , India , Saudi-arabia , Paris , France-general- , France , Ethiopia , Bangladesh , Kenya , Indonesia

Weaker China offers opportunities to US and allies

The failed mutiny against Vladimir Putin hasn’t just weakened the Russian president. It is also a setback for his most important ally, Chinese President Xi Jinping. At the same time, China is grappling with a weaker economy and confronted by a stronger American-led alliance. It no longer seems certain to become the world’s top power.

China , Taiwan , United-states , Shanghai , India , Ukraine , Kremlin , Moskva , Russia , Afghanistan , London , City-of