Reuters India Business

By Vivek Mishra BENGALURU (Reuters) – Indian consumer inflation probably held below the Reserve Bank of India’s 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year’s high base, a Reuters poll of economists found. Although food prices, which make up nearly half the …

India inflation likely held steady at five-year low of 3.50% in August: Reuters poll Read More »

By Aditya Kalra and VarunVyas Hebbalalu NEW DELHI/BENGALURU (Reuters) -Indian electric two wheeler-maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source with direct knowledge of the matter said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric …

Indian e-scooter maker Ather Energy files for $536 million IPO, source says Read More »

PARIS (Reuters) – French multinational retail giant Carrefour is launching a franchise partnership with Dubai-based Apparel Group to establish its presence in India. The partnership will be aimed at North India initially, with further expansion planned across the country and the first store openings expected in 2025, Carrefour said on Friday. WHY IT’S IMPORTANT With …

Carrefour teams up with Dubai’s Apparel Group to expand into India Read More »

By Ashwin Manikandan BENGALURU (Reuters) – Indian tax authorities are seeking dues of $101 million from education-technology company Byju’s, once the country’s biggest startup which is now undergoing an insolvency process, claim documents reviewed by Reuters on Friday showed. Backed by General Atlantic, Byju’s was valued at $22 billion in 2022, but has seen its …

Indian tax authorities seek $101 million in Byju’s insolvency process Read More »

(Reuters) – India’s fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains. WHY IT IS IMPORTANT India is the third-largest consumer and importer of oil. The data is a proxy for the country’s oil …

India’s fuel demand dips 2.6% y/y in August, diesel demand drops Read More »

BENGALURU (Reuters) – India’s SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group into equity and debentures. The restructuring plan comes as the budget airline has struggled to fully restore operations despite multiple fundraises over the last year. Late last …

Indian carrier SpiceJet restructures dues to Carlyle Aviation Read More »

By Tanvi Mehta NEW DELHI (Reuters) -Israel’s Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10 billion) for a semiconductor project in India’s western state of Maharashtra, its chief minister said in a post on X on Thursday. India has taken steps to encourage global companies to set up their manufacturing units in …

Israel’s Tower Semiconductor, Adani plan $10 billion chip project in India Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India plans to extend a ban on sugar exports for the second straight year as the world’s biggest consumer of the sweetener grapples with the prospects of lower cane output, government sources said. New Delhi also plans to raise the price at which oil companies buy …

India to extend sugar export ban to boost local supplies, ethanol output, sources say Read More »