By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -India’s aviation watchdog reprimanded Air India’s budget carrier in March for not timely changing engine parts of an Airbus A320 as directed by the European Union’s aviation safety agency, and falsifying records to show compliance, a government memo showed. Air India Express told Reuters it acknowledged …
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian benchmarks edged up on Friday, lifted by IT stocks after upbeat U.S. jobs data eased economic concerns and a late rebound in financials, but posted losses for the week as investors remained cautious ahead of a potential India-U.S. trade deal. The Nifty 50 rose 0.22% to …
Indian benchmarks log weekly losses on caution over trade deal, Jane Street ban Read More »
(Reuters) -Honey-to-packaged juice maker Dabur India expects first-quarter operating profit growth to marginally lag a low single-digit rise in revenue, while peer Godrej Consumer said its core profit margin will be below its targeted range. Dabur’s quarterly earnings will be hurt by weaker beverage sales caused by unseasonal rains and a shorter summer, it said …
Indian consumer firms Dabur, Godrej flag Q1 profit pressures Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India is ready to make trade deals in the national interest, but not just to meet deadlines, Trade Minister Piyush Goyal said on Friday when asked whether a deal could be reached with the U.S. in time for a July 9 deadline set by Washington. U.S. President Donald Trump …
India ready for trade deals but not to meet deadlines, minister says Read More »
By Aftab Ahmed and Aditi Shah NEW DELHI (Reuters) -New Delhi has proposed retaliatory duties against the U.S. at the World Trade Organization, saying Washington’s 25% tariff on automobiles and some auto parts would affect $2.89 billion of India’s exports, according to an official notification. “India reserves the right to suspend concessions or other obligations …
India proposes retaliatory duties at WTO against US tariffs on autos Read More »
By Brijesh Patel (Reuters) – Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the U.S. dollar and safe-haven inflows, as U.S. President Donald Trump’s deadline for trade deals loomed. Spot gold was up 0.3% to $3,336.39 per ounce, as of 1211 GMT. The precious metal is …
Gold poised for weekly gain on dollar weakness, safe-haven demand Read More »
(Reuters) -India’s Tata Steel on Friday said the eastern state of Odisha has issued a demand notice for 19.03 billion rupees ($222.87 million), citing a shortfall in mineral dispatch from the company’s Sukinda Chromite Block during the 2023–24 production year. The Tata group company said it disputes the claim and believes the state’s demands “lack …
(Reuters) -India’s Godrej Consumer expects first-quarter consolidated revenue to grow in the double-digit percentage range, the consumer goods maker said in a provisional update on Friday. (Reporting by Nandan Mandayam in Bengaluru)
MUMBAI (Reuters) -Bank lending to the Indian economy may not see a meaningful boost despite the large liquidity surplus in the banking system, economists at J.P. Morgan said in a report on Friday. While surplus liquidity influences overnight borrowing costs, a recent analysis by the firm showed it does not impact credit or deposit growth …
(Reuters) -Yum Brands, which owns KFC and Pizza Hut, is in talks to facilitate a merger of its Indian franchisee partners Devyani International and Sapphire Foods, the Economic Times reported on Friday, citing sources. Shares of Sapphire Foods rose as much as 10.7% after the report, closing about 4% higher for the day. Devyani closed …
Yum Brands in talks to facilitate merger of its two Indian partners, ET reports Read More »
