Reuters India Business

(Reuters) -Dreamfolks Services has discontinued airport lounge services in India, it said on Tuesday, adding that other domestic services and global lounge business will continue as usual. The move would have a material impact, the company said, without giving more details. Dreamfolks, an aggregator that connects lounge operators with card networks and passengers, began facing …

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By Nidhi Verma (Reuters) -India’s Nayara Energy has raised fuel sales to state retailer Hindustan Petroleum Corp after the Russia-backed refiner’s exports were hit by European Union sanctions, a government source said on Tuesday. Since the imposition of sanctions, Nayara has been operating its 400,000 barrel-per-day (bpd) Vadinar refinery in western India at 70-80% capacity. …

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NEW DELHI (Reuters) -India’s cricket team have named Apollo Tyres as their lead sponsor to replace fantasy sports platform Dream11, the country’s cricket board said on Tuesday. The Board of Control for Cricket in India (BCCI) was forced to search for a new sponsor after Dream11, which signed a $44 million contract running through 2026, …

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By Rajendra Jadhav and Brijesh Patel NEW DELHI (Reuters) -India’s silver imports are expected to gather momentum in the coming months, supported by stronger investment and industrial demand that has already absorbed the surplus from last year’s elevated shipments, industry officials told Reuters. Higher imports by the world’s biggest silver consumer could give further support …

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(Reuters) -Troubled Indian budget carrier SpiceJet said on Tuesday it will lease eight additional Boeing 737 aircraft to bolster its fleet ahead of the festive and winter season. The latest deal takes the airline’s total fleet additions to 18 aircraft, including two earlier agreements to lease 10 Boeing jets scheduled for delivery starting in October. …

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By Florence Tan and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -Sanctioned tanker Spartan has discharged Russian crude oil at India’s Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday. The Suezmax tanker discharged 1 million barrels of Urals …

Sanctioned tanker discharges Russian oil at India’s Mundra port, data shows Read More »