By Pranoy Krishna BENGALURU, Dec 8 (Reuters) – India’s inflation rate likely rose modestly in November, while remaining near multi-year lows, as fading base effects and a pickup in food prices pushed up overall price growth, according to a Reuters poll of economists. Inflation in Asia’s third-largest economy has eased markedly this year and touched …
By Sarah Qureshi Dec 8 (Reuters) – Gold prices edged slightly down on Monday, as investors stayed cautious ahead of the U.S. Federal Reserve’s two-day policy meeting and Chair Jerome Powell’s remarks for clues on future monetary policy. Spot gold was down 0.2% at $4,189.49 per ounce by 01:50 p.m. ET (1850 GMT). U.S. gold …
Gold inches lower as investors show caution ahead of FOMC meeting Read More »
By Aditya Kalra and Priyanshu Singh NEW DELHI/BENGALURU, Dec 8 (Reuters) – India’s IndiGo is battling growing passenger fury over delays in finding and delivering thousands of stranded bags, with social media flooded with photos of luggage piling up at airports after last week’s large-scale flight disruptions. IndiGo, which has 65% of the domestic market, has …
Where’s my bag? India’s IndiGo battles passenger fury over luggage lost in chaos Read More »
Dec 8 (Reuters) – Indian drugmaker Dr Reddy’s signed an exclusive licensing pact with Australia’s Immutep to develop and distribute the latter’s cancer therapy, the companies said on Monday. As part of the agreement, Immutep will receive about $20 million upfront from Dr Reddy’s as well as potential regulatory development and commercial milestones payments of …
India’s Dr Reddy’s signs licensing pact to sell Immutep’s cancer drug Read More »
Dec 8 (Reuters) – India will take strict action against IndiGo following at least 2,000 flight cancellations this month, the country’s civil aviation minister said on Monday, to “set an example” for airlines that violate regulations. The cancellations by India’s biggest airline, due to crew shortages after it failed to plan in time for stricter …
India plans action against IndiGo over flight cancellations to ‘set an example’ Read More »
NEW DELHI, Dec 8 (Reuters) – IndiGo told India’s aviation regulator on Monday that a combination of factors, including new pilot rest and duty rules and “minor” technical glitches, had led to the cancellation of at least 2,000 flights last week. The airline said it was “realistically not possible” to pinpoint the exact causes at …
IndiGo tells regulator flight cancellations are due to “combination” of factors Read More »
NEW DELHI, Dec 8 (Reuters) – Deputy U.S. Trade Representative Rick Switzer will visit India on December 10-11, the Indian foreign ministry spokesperson said on Monday, as New Delhi looks to reduce punitive tariffs imposed on its goods by Washington for its purchase of Russian oil. “Both governments remain engaged with a view to concluding a …
Deputy US trade representative to visit India on December 10-11 Read More »
MOSCOW, Dec 8 (Reuters) – The Kremlin said on Monday that India would continue buying oil wherever it was profitable to do so in order to ensure its own economic interests. U.S. President Donald Trump doubled tariffs on Indian goods to 50% in August to punish New Delhi for buying Russian oil, which Washington said …
Kremlin says India will continue to buy Russian oil if it’s profitable Read More »
Dec 8 (Reuters) – Airlines such as Air India and SpiceJet have been in the spotlight after they introduced extra flights to meet a sudden surge in demand when market leader IndiGo cancelled flights due to crew shortages leaving thousands of people stranded. Here is a look at Indian airlines by numbers: INDIGO IndiGo is …
Factbox-IndiGo meltdown puts India’s competitive airline industry in focus Read More »
By Vivek Kumar M Dec 8 (Reuters) – Indian shares logged their worst session in more than two months on Monday, amid uncertainty over a trade deal with the U.S. and persistent foreign outflows, while the country’s top airline IndiGo fell 8.3%, continuing to reel from an operational crisis. The Nifty 50 lost 0.86% to …
Indian shares post worst day in over two months; IndiGo sheds 8% Read More »
