Reuters India Business

BENGALURU (Reuters) – Indian airline Vistara said on Monday it was forced to cut a number of flights as it was dealing with a shortage of pilots and crew. “We have had a significant number of flight cancellations and delays in the past few days due to various reasons including crew unavailability,” a company spokesperson …

India’s Vistara cuts flights to deal with pilot shortage Read More »

By Nidhi Verma NEW DELHI (Reuters) – Rosneft and Indian Oil Corp have yet to renew an oil supply deal that expired in March as they have been unable to agree on price and volumes, forcing India’s top refiner to turn to spot markets, three sources with knowledge of the matter said on Monday. IOC …

India’s top refiner set to tap spot oil as Russian term deal lapses -sources Read More »

(Corrects to add dropped word “year” in headline) By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) -The returns on Indian equities will “normalise” this fiscal year in line with corporate earnings growth, the head of equities at Canara Robeco Mutual Fund said on Monday, making a case for increasing exposure to large companies. “The 25% …

India equity market returns to ‘normalise’ this fiscal year, Canara Robeco Mutual Fund says Read More »

By Siddhi Nayak MUMBAI (Reuters) – India’s central bank must prioritise the country’s economic growth and also ensure the rupee is made more accessible and acceptable globally, Prime Minister Narendra Modi said on Monday. The Reserve Bank of India must give top priority to growth but at the same time focus on trust and stability, Modi …

India’s Modi says central bank must prioritise growth, ensure rupee’s global appeal Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes rose to record highs on Monday, led by metal companies after upbeat data from China, while a moderation in a key U.S. inflation reading also aided sentiment. The blue-chip NSE Nifty 50 index rose as much as 0.91% to a new record high of 22,529.95, while the …

Indian shares hit record high on boost from China, US data Read More »

BENGALURU (Reuters) – Indian real estate developer Prestige Estates Projects has signed a 20.01 billion rupee (about $240 million) deal with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund to develop residential projects in the country. The deal is to develop residential projects in “prominent locations” across the Indian cities of Bengaluru, Mumbai, …

India’s Prestige Estates inks $240 million real estate deal with ADIA, Kotak AIF Read More »

NEW DELHI (Reuters) – India’s top refiner Indian Oil Corp entered a pact with Panasonic Energy to form a joint venture to manufacture lithium-ion cells in India, the refiner said in a statement on Sunday, to prepare for rising local demand. The agreement follows an initial understanding between the two companies on lithium-ion cells in …

Indian Oil, Panasonic Energy enter pact to make lithium cells Read More »