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India resumes buying Malaysian palm oil as Kuala Lumpur offers discount

Thursday, November 14, 2019, 8:00 PM

Refiners in India have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a $5-per-tonne discount over supplies from rival Indonesia, five traders told Reuters. Malaysian palm oil is available at a $5-discount amid congestion at Indonesian ports, said Mumbai-based dealer with a global trading firm.
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Ajinkya Rahane moves to Delhi Capitals for IPL 2020

Thursday, November 14, 2019, 7:57 PM

India's Test vice-captain Ajinkya Rahane will play for Delhi Capitals in the upcoming season of Indian Premier League (IPL). Rahane's successful transfer was announced by Delhi on the transfer deadline day. Ajinkya Rahane, who had led Rajasthan Royals in the past, played for 8 seasons with Rajasthan Royals after making a move from Mumbai Indians in 2011.
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Moody's cuts India's GDP growth forecast to 5.6 per cent for 2019

Thursday, November 14, 2019, 4:59 PM

Moody's Investors Service on Thursday slashed India's economic growth forecast to 5.6% for 2019, saying government measures do not address the widespread weakness in consumption demand. "We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6% in 2019, from 7.4% in 2018," it said. "India's economic slowdown is lasting longer than previously expected."

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