Reuters India Business

By Meenakshi Maidas and Nandan Mandayam (Reuters) -Indian automaker Mahindra & Mahindra logged a 20% year-on-year jump in SUV sales to dealers in July on strong demand for newer models and electric SUVs, while its rivals struggled, data from the firms showed on Friday. Most Indian carmakers, barring Mahindra, are struggling to grow sales amid …

India’s Mahindra logs 20% jump in SUV sales to dealers, rivals post declines Read More »

By Rishika Sadam HYDERABAD (Reuters) -McDonald’s plans to “double down” on its artificial intelligence investments by 2027 and is betting on India to be a key hub for data governance, engineering and platform architecture, a senior executive said on Friday. The fast-food giant, which entered India in 1996, operates hundreds of restaurants across the country …

McDonald’s plans to ‘double down’ on AI investment by 2027, executive says Read More »

NEW DELHI (Reuters) -India collected a gross 1.96 trillion rupees ($22.40 billion) in goods and services tax in July, 7.5% higher than the same period last year, the government said on Friday. ($1 = 87.4870 Indian rupees) (Reporting by Nikunj Ohri; Editing by Sonia Cheema)

(Corrects to change rupee closing level to 87.54 from 87.53 in paragraph 2) By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee nudged higher on Friday, supported by likely intervention from the Reserve Bank of India, but still logged its worst weekly drop since late 2022 due to worries over U.S. tariffs and sustained foreign …

Rupee steadies to cap rough week dominated by Trump’s tariff jolt Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian stock benchmarks fell on Friday, logging their fifth straight weekly loss – the longest losing streak in two years – as the U.S. hit trading partners with steep tariffs and reaffirmed a 25% duty on India, stoking global growth worries. The Nifty 50 fell 0.82% to …

Indian blue-chips post fifth weekly loss as tariffs, foreign outflows bite Read More »