Reuters India Business

By Sudarshan Varadhan NUSA DUA, Indonesia (Reuters) – Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak. The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, …

Southeast Asia expected to boost coal trade as China approaches peak Read More »

NEW DELHI (Reuters) – India’s Road Transport Minister Nitin Gadkari urged carmakers on Tuesday to set up vehicle scrapping centres to get polluting vehicles off the roads, adding that the move could boost sales of vehicles by 18-20%. Gadkari told the annual convention of industry body Society of Indian Automobile Manufacturers (SIAM) that the government is targeting setting …

India road transport minister urges carmakers to set up scrapping centres Read More »

By Shivangi Acharya NEW DELHI (Reuters) – India’s Goods and Services Tax council achieved consensus among its members on the need to lower the tax on health and life insurance premiums, officials said on Monday. No decision was taken at the council meeting, but a panel of ministers will submit a report by the end …

Indian tax council agrees on need for lower tax on health and life cover premiums Read More »

By Praveen Paramasivam and Dhwani Pandya CHENNAI (Reuters) – Hundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters. The strike comes after Samsung Electronics’ biggest union in South Korea held a four-day strike in …

Workers at Samsung India plant strike, partly hitting production Read More »

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) – India’s benchmark indexes ended higher in a choppy session on Monday, led by gains in consumer goods stocks as traders remained upbeat about a demand revival after a stable monsoon. The Nifty 50 index settled 0.34% higher at 24,936.4 points. The S&P BSE Sensex gained 0.46% …

Consumer stocks help Indian shares end higher in choppy session Read More »

BENGALURU (Reuters) -India’s GMR Airports Infrastructure said on Monday it increased its stake in the main airport in New Delhi to 74%, by buying out Frankfurt Airport operator Fraport’s 10% interest in a deal worth $126 million. The Airports Authority of India (AAI) will continue to hold its 26% stake in Delhi International Airport Ltd …

India’s GMR Airports raises stake in Delhi airport to 74% as Germany’s Fraport exits Read More »