Reuters India Business

By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation eased below its central bank’s upper tolerance level for the first time this year in November amid a softer rise in food prices, surprising economists, with some expecting a pause in rate hikes. Annual retail inflation rose 5.88% in November from 6.77% …

India’s November retail inflation below 6% for first time this year Read More »

(Refiles to add media packaging code, widens distribution) (Reuters) -Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will only sell Apple Inc products, the Economic Times newspaper reported on Monday, citing two people aware of the matter. Tata Group’s Infiniti Retail, which runs the consumer electronics store chain Croma, …

India’s Tata Group to open 100 exclusive Apple stores -report Read More »

CHENNAI (Reuters) – Air India is carving out an ambitious renaissance under the Tata Group conglomerate, which regained control earlier this year after the airline was nationalised nearly seven decades ago. The airline is close to placing landmark orders for as many as 500 jetliners potentially worth over $100 billion at list prices from both …

Air India’s history as Tata pours in money to revive the airline Read More »

NEW DELHI (Reuters) – Seizures of smuggled gold in India reached a three-year high this year after the government raised the import duty on the precious metal and international flights resumed following COVID-19 curbs. India is the world’s biggest gold consumer after China and meets most of its demand through imports. In July it raised …

India gold seizures hit three-year high after import duty increase Read More »

By Sudarshan Varadhan KOLKATA (Reuters) – Coal India will increase spot auctions of the fuel in the coming months, the chairman of the world’s biggest coal miner said on Monday, as the company’s rising output has left them with enough fuel to meet increasing demand from non-utility power plants. An increase in spot auction sales, …

Higher output to boost Coal India’s spot auctions, chairman says Read More »

BENGALURU (Reuters) – Indian shares struggled for direction in a volatile session on Monday, having erased intraday losses, as gains in banking stocks offset the decline in IT ahead of the local retail inflation data. The Nifty 50 index rose 0.01% at 18,499.50, as of 11:35 a.m IST, and the S&P BSE Sensex fell 0.05% …

Indian shares little changed, banks offset IT slide Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee declined on Monday as Asian currencies fell at the start of a week packed with high-profile events, including a U.S. Federal Reserve meeting, with a stronger dollar weighing on sentiment. The rupee dropped to 82.63 per dollar by 10:33 a.m. IST, versus its previous close of …

Rupee eases as U.S. data boosts dollar ahead of risk events Read More »

By Sudarshan Varadhan KOLKATA (Reuters) – India’s thermal coal imports fell to the lowest levels in 9 months during November, data from consultancy Coalmint showed, mainly due to a rise in domestic coal production. The country imported 10.83 million tonnes of thermal coal in November, the Coalmint data showed, compared with 12.03 million tonnes in …

India Nov thermal coal imports at 9-month low as local output soars Read More »