By Abhijith Ganapavaram NEW DELHI (Reuters) -India’s air safety regulator has sought more information from Boeing Co after an emergency power system unexpectedly activated on an Air India 787 Dreamliner on Saturday, a government source with direct knowledge of the matter said. Boeing and Air India spokespersons did not immediately respond to requests for comment. …
(Reuters) -Tata Motors-owned Jaguar Land Rover said on Tuesday that its second-quarter wholesale and retail volumes declined 24.2% and 17.1%, respectively, after a nearly six-week shutdown following one of Britain’s most disruptive and high-profile cyber attacks. “In the first two months our performance was robust and in line with our expectations, against the backdrop of …
Tata Motors’ JLR posts quarterly volume drop after cyber incident Read More »
By Sethuraman N R and Sudarshan Varadhan NEW DELHI/SINGAPORE (Reuters) -Indian state electricity distributors are signing long-term contracts with coal-fired power generators to meet a projected surge in evening demand, despite the country’s efforts to expand clean energy capacity. Uttar Pradesh, India’s most populous state, and eastern Assam state, which recently withdrew incentives for clean …
Indian states sign more coal power deals to meet rising demand Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks rose for a fourth consecutive session on Tuesday, with expectations of strong September-quarter earnings and the central bank’s lending reforms boosting the heavyweight financials. The Nifty 50 <.NSEI> ended 0.12% higher at 25,108.3, while the BSE Sensex <.BSESN> added 0.17% to 81,926.75. In four …
Financials lead Indian equity benchmarks higher for fourth session Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee ended nearly unchanged on Tuesday after shuffling in a familiar range as traders held off fresh wagers against the currency on expectations of inflows and frequent interventions by the Reserve Bank of India. The rupee closed at 88.7725 against the U.S. dollar, nearly unchanged from its close …
Rupee treads water as frequent RBI intervention dulls appetite for short sellers Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -India’s Auro Realty, the real estate arm of Aurobindo Group which also owns drugmaker Aurobindo Pharma, is planning to raise 20 billion rupees ($225.41 million) through the sale of bonds to fund a key acquisition, two merchant bankers said on Tuesday. Auro Realty is looking to issue …
MUMBAI (Reuters) -The Indian central bank likely conducted dollar-rupee buy/sell swaps on Tuesday alongside intervention in the local over the counter spot market to support the rupee, four traders told Reuters. Under a buy/sell swap, the Reserve Bank of India undertakes delivery of dollars at the spot rate, which will be reversed at a future …
Indian central bank likely conducted dollar/rupee buy-sell swaps, traders say Read More »
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) -Indian authorities are investigating Adani Enterprises’ defence unit for evading import taxes on components used to make missiles, two government sources with direct knowledge said, marking the newest regulatory scrutiny of the group. Adani Defence Systems and Technologies is one of the smaller businesses of the …
By Bharath Rajeswaran and Haripriya Suresh BENGALURU (Reuters) -India’s IT firms are set for another lackluster quarter as weak global demand, steep U.S. tariffs and trade jitters weigh on earnings, six brokerages said ahead of results. Four forecast year-on-year revenue growth of about 6% and a 5.5% profit rise for the September quarter, despite seasonal …
India’s IT sector set for another weak quarter as demand stays soft Read More »
(Reuters) -Consumer goods maker Dabur India said on Tuesday that it saw a short-term moderation in sales during the second quarter ended September, as consumers deferred purchases and retailers rushed to liquidate higher priced inventory ahead of the government’s sweeping goods and services tax cuts. The tax cuts went into effect on September 22. The …
Dabur India flags short term sales disruption in second quarter Read More »
