Reuters India Business

Dec 1 (Reuters) – India’s top carmakers reported robust sales growth to dealers in November on Monday, boosted by an earlier tax reduction that lowered vehicle prices and spurred demand. Market leader Maruti Suzuki reported a 21% year-on-year rise in domestic sales, driven by sport utility vehicles as well as small cars like Alto. Rivals …

India’s tax cut keeps car sales buoyant in November Read More »

By Bharath Rajeswaran and Vivek Kumar M Dec 1 (Reuters) – India’s equity benchmarks struggled to hold on to record highs on Monday and the rupee declined to an all-time low as investors worried that outflows might persist amid uncertainty over a trade deal with the United States. These factors overshadowed the impact of better-than-expected …

India share benchmarks struggle to hold on to record highs, rupee slips Read More »

By Jaspreet Kalra MUMBAI, Dec 1 (Reuters) – The Indian rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with U.S. The rupee hit a low of 89.7575 during …

Rupee hits all-time low, holds above 90/USD mark with central bank help Read More »

NEW DELHI, Dec 1 (Reuters) – India’s government sought parliament’s approval on Monday for net 414.55 billion rupees ($4.62 billion) in additional spending for the fiscal year, proposing extra allocations for defence procurements, and subsidies on fertiliser and cooking gas. The government sought lawmakers’ approval for 1.32 trillion rupees in gross extra spending this fiscal …

India seeks parliament nod for net $4.62 billion in extra spending for 2025/26 Read More »

By Jaspreet Kalra and Nimesh Vora MUMBAI, Dec 1 (Reuters) – The Indian rupee fell to a record low on Monday as sluggish trade and portfolio flows, coupled with the lack of a U.S.-India trade deal, overshadowed the impact of stellar economic growth. The rupee declined to 89.7575 against the U.S. dollar, dipping past its …

Rupee at record low as weak flows, stalled US trade talks eclipse blowout growth print Read More »

By Neha Arora NEW DELHI, Dec 1 (Reuters) – India is assessing the viability of importing coking coal from Mongolia despite transport bottlenecks, a source with direct knowledge of the matter said, as New Delhi seeks to diversify supplies of the key steelmaking ingredient. India, the world’s second-biggest crude steel producer, relies on imports for …

India weighs Mongolian coking coal imports despite transport hurdles, source says Read More »