(Reuters) – India’s auto sales to consumers are expected to rise during the festive period due to the government’s consumption tax rate cuts, a dealers’ body said on Monday. However, the tax moves will lead to buyers deferring purchases as the cuts kick in from September 22, according to the Federation of Automobile Dealers Association. …
India tax cuts to boost festive season car sales, dealers body says Read More »
(Reuters) – Hero MotoCorp, India’s largest two-wheeler maker, has named Harshavardhan Chitale, who heads Dutch lighting maker Signify’s professional business, as CEO effective Jan. 5, 2026. Chitale will replace Vikram Kasbekar, who was named acting CEO after Niranjan Gupta resigned earlier this year. Kasbekar will continue as Chief Technology Officer, Hero said on Monday. Chitale’s …
India’s Hero MotoCorp names Harshavardhan Chitale as new CEO Read More »
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi’s government’s roll-out of ethanol-blended fuel, called E20, has caused panic and confusion in the world’s third-largest auto market. Here are facts about E20 and details of its impact: HOW WAS E20 ROLLED OUT? HOW DOES IT HELP? E20 is petrol blended with 20% ethanol, an alcohol mainly …
Explainer-Why E20 fuel is causing angst in India’s auto market Read More »
(Reuters) -Indian education technology platform PhysicsWallah has filed for an initial public offering worth 38.20 billion rupees ($437 million), draft papers showed, as the market for new listings picks up pace. India’s ed-tech industry has weathered a challenging few years in which SoftBank-backed Unacademy and Tiger Global-backed Vedantu cut staff while Byju’s U.S. lenders pushed …
Indian ed-tech platform PhysicsWallah files for $437 million IPO Read More »
By Ashitha Shivaprasad (Reuters) – Gold’s powerful rally took on fresh legs on Friday, with prices just cents away from $3,600 per ounce, as weak U.S. jobs data further raised expectations for bullion-supportive Federal Reserve rate cuts. Spot gold was up 1.4% at $3,596.55 per ounce, as of 2:47 p.m. EDT (1847 GMT), having hit …
Gold nears record $3,600/oz level as weak US jobs data fuels rate-cut bets Read More »
By Rishika Sadam and Sriparna Roy NEW DELHI (Reuters) -The Netherlands is aiming to increase imports of Indian generic drugs into the country, as it looks to diversify its portfolio and avoid supply constraints, Dutch government officials and industry experts said at an event on Friday. India, popularly referred to as the ‘pharmacy of the …
Netherlands pushes for more generic drug imports from India Read More »
By Hritam Mukherjee and Nidhi Verma NEW DELHI (Reuters) -India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the U.S. have shunned Russian …
India will continue to buy Russian oil despite US tariffs, finance minister says Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator launched a formal investigation into Jane Street’s trading practices even though its surveillance department had recommended otherwise, due to continued complaints from market participants, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) also believed inadequate data was …
NEW DELHI (Reuters) -India’s Finance Minister Nirmala Sitharaman on Friday said that rising bond yields had made borrowings expensive for the government at a time when interest rates were low. India’s 10-year benchmark bond rose by 19 basis points in August, its biggest monthly spike in three years. Its yield settled at 6.4651% on Friday, …
(Reuters) -Indian budget airline SpiceJet posted its second consecutive loss in the June quarter, as leisure travel demand on some routes slumped during the worst India-Pakistan fighting in decades. The troubled airline reported a loss of 2.35 billion rupees ($26.6 million) in the April-June period, compared to a profit of 1.5 billion rupees a year …
India’s SpiceJet posts quarterly loss as India-Pakistan conflict impacts air travel Read More »
