By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) -India’s merchandise trade deficit narrowed in June due to a sharp fall in imports, even as the value of exports slipped to a seven-month low following a drop in global commodity prices, data released on Tuesday showed. The exports to the United States, India’s biggest trading …
India’s trade deficit narrows in June as imports shrink Read More »
By Aditi Shah and Chandini Monnappa MUMBAI (Reuters) -Tesla launched on Tuesday its Model Y at about $70,000 in India, a significant markup relative to its other major markets, reflecting the country’s high tariffs on electric vehicle imports which CEO Elon Musk has long-criticised. With deliveries estimated to start from the third quarter, the U.S. …
Tesla enters India with $70,000 Model Y as Musk yields to steep tariffs Read More »
BENGALURU (Reuters) -India’s HDB Financial Services, a unit of lender HDFC Bank, posted a lower first-quarter profit on Tuesday, hurt by higher provisions for bad loans. In its first quarterly earnings since debuting earlier this month, the non-bank lender reported a consolidated profit after tax of 5.68 billion rupees ($66.2 million), down from 5.82 billion …
India’s HDB Financial reports lower quarterly profit as bad loan provisions rise Read More »
NEW DELHI (Reuters) -India’s unemployment rate remained steady at 5.6% in June compared to the previous month, helped by a fall in joblessness in rural areas, the statistics ministry said on Tuesday. The unemployment rate in June among the 15 years and above age group in rural parts of the country fell to 4.9% from …
India’s unemployment rate remains steady at 5.6% in June Read More »
BENGALURU (Reuters) -India’s HDFC Life Insurance reported a 14% year-on-year rise in first-quarter profit on Tuesday, driven by robust demand for its group policies and a decline in claims paid. The insurer’s profit rose to 5.46 billion rupees ($63.63 million) for the three months ended June 30 from 4.78 billion rupees a year earlier. The …
India’s HDFC Life posts higher quarterly profit on strong group policy demand Read More »
(Reuters) -India’s central bank expects inflation for the full year to be below 3.7%, governor Sanjay Malhotra told CNBC-TV18 on Tuesday, adding that the monetary policy committee will look at the inflation outlook, and not just current data, while deciding further rate moves. Annual retail inflation in India slowed to a more than six-year low …
India’s central bank expects FY26 inflation to be below 3.7%, governor tells CNBC-TV18 Read More »
(Reuters) -India’s AWL Agri Business, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives. Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price …
India’s AWL Agri Business posts profit fall on muted consumer demand Read More »
NEW DELHI (Reuters) -The sudden movement of engine fuel switches has taken centre stage in the investigation of the Air India Boeing Dreamliner crash that killed 260 people in June, the world’s worst aviation disaster in a decade. The crash poses a fresh challenge for Air India, which has long sought to become a “world-class …
What you need to know about the Air India Boeing Dreamliner crash Read More »
By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) -India is holding talks with Chile and Peru to source critical minerals under ongoing free trade pact negotiations, a trade ministry source said on Tuesday. Reliant on imports to meet demand, India already planned to include a chapter on copper in the trade talks with the two …
India in talks with Chile, Peru to source critical minerals, source says Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -Two companies belonging to India’s GMR Group are set to tap the corporate bond market in the coming days to raise an aggregate of 25 billion rupees ($291.27 million), three sources aware of the matter said. GMR Airports Holdings Co, the holding company of the GMR Group’s …
India’s GMR Group firms look to tap bond market for 25 billion rupees, sources say Read More »
