(Refiles to update second bullet point in line with text) By Jayshree P Upadhyay, Abhijith Ganapavaram and Dhwani Pandya NEW DELHI, Dec 3 (Reuters) – At least 150 flights operated by India’s biggest airline IndiGo were cancelled and dozens of others delayed on Wednesday, airport sources said, leaving thousands of travellers stranded and social media …
NEW DELHI, Dec 3 (Reuters) – India’s parliament approved a new tax law on Wednesday that experts say could increase the price of cigarettes for the estimated 100 million smokers in the world’s most populous country. The health issues related to smoking tobacco are seen as a major drain on India’s resources, and the government …
India’s parliament approves law that could raise taxes on cigarettes Read More »
By Sethuraman N R NEW DELHI, Dec 3 (Reuters) – India’s clean energy producers on Wednesday flagged the lack of effective weather forecasting models in the country, as the power regulator proposes stricter rules on how closely developers must adhere to their grid supply commitments. India’s power regulator, the Central Electricity Regulatory Commission, issued tighter …
India’s clean energy firms seek better weather data as rules tighten Read More »
By Gleb Bryanski and Elena Fabrichnaya MOSCOW, Dec 3 (Reuters) – Russia’s largest bank Sberbank is working to increase industrial imports and labour migration from India, First Deputy CEO Alexander Vedyakhin told Reuters ahead of President Vladimir Putin’s visit to New Delhi. Putin begins his first trip to India in four years on Thursday, as …
Dec 3 (Reuters) – India’s JSW Steel will sell the steel business of its unit Bhushan Power and Steel to an equal-stakes joint venture with Japan’s JFE Steel for 244.83 billion rupees ($2.72 billion), as it seeks to fund growth. Shares of JSW Steel – India’s biggest steelmaker by market cap – fell after the …
India’s JSW Steel to move Bhushan Power’s steel business to JV with JFE Steel Read More »
By Arpan Chaturvedi and Munsif Vengattil NEW DELHI, Dec 3 (Reuters) – India on Wednesday withdrew a mandate requiring smartphone makers to preload a state-owned cyber safety app called Sanchar Saathi on all new devices following an outcry over fears of government snooping in the world’s most populous nation. WHAT DOES THE APP DO? Currently …
Explainer-What is India’s politically contentious Sanchar Saathi cyber safety app? Read More »
By Haripriya Suresh and Nandan Mandayam BENGALURU, Dec 3 (Reuters) – Airbus and Boeing supplier Aequs plans to move into higher-value aircraft parts production as it looks to benefit from global planemakers increasing sourcing from India amid capacity constraints and supply chain issues, a top executive said. Aequs also supplies Spirit AeroSystems and Safran and …
India’s Aequs eyes higher value aircraft parts as Airbus supplier launches IPO Read More »
By Jaspreet Kalra MUMBAI, Dec 3 (Reuters) – The Indian rupee fell past a key psychological level of 90 to an all-time low against the dollar on Wednesday, extending an eight-month decline as weak trade and investment flows and a corporate rush to hedge against weakness sapped the currency. The rupee is one of Asia’s …
Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI, Dec 3 (Reuters) – The Indian rupee slid past 90 per U.S. dollar to a record low on Wednesday, declining for the sixth consecutive session as traders bet subdued trade and portfolio flows will keep Asia’s worst performer under pressure without central bank intervention. The rupee fell to …
India rupee falls to record low below 90, risks steeper slide without central bank help Read More »
By Bharath Rajeswaran and Vivek Kumar M Dec 3 (Reuters) – India’s equity benchmarks fell for a fourth consecutive session on Wednesday, as a delay in the trade deal with the United States and the rupee’s slide to a record low dented sentiment. The Nifty fell 0.18% to 25,986 and the Sensex shed 0.04% to …
Indian shares extend losses on trade deal jitters, rupee at record low Read More »
