Reuters India Business

(Corrects to say Abhay Gandhi worked in the company for “30 years”, not “13 years”, in paragraph 7) (Reuters) -Sun Pharmaceutical, India’s largest drugmaker by revenue, on Friday named Kirti Ganorkar as managing director, effective September 1. The company’s current managing director, Dilip Shanghvi, will continue to chair the board as an executive director, Sun …

India’s Sun Pharma names Kirti Ganorkar as managing director Read More »

(Reuters) -The Air India plane crash that led to the death of over 240 passengers on Thursday has plunged the airline into its biggest crisis yet and will pose a significant challenge to its efforts to revamp its reputation and fleet. The following is a timeline of the airline’s troubles since its takeover by the …

Air India’s troubles under the Tata Group as crash creates its biggest crisis Read More »

NEW DELHI (Reuters) -Air India and the Indian government are looking at several aspects of the Boeing 787-8 crash in Ahmedabad, including issues with the jet’s engine thrust, its flaps, and why its landing gear remained open, a source with direct knowledge told Reuters on Friday. The government is also looking at whether Air India …

Air India, government probing engine thrust, flaps, landing gear after crash, source says Read More »

By Praveen Paramasivam CHENNAI (Reuters) -UK-based Pearson plans to boost its workforce in India by about 43% to 2,000, an executive told Reuters on Friday, months after the education firm named India one of its top three priority markets globally. “We will invest significantly in India. We have got three very strong locations and we …

UK edtech Pearson to raise India headcount by 43% in three years Read More »

By Bharath Rajeswaran (Reuters) -India’s equity benchmarks declined on Friday and posted weekly losses as Israel’s military strikes on Iran escalated tensions in the Middle East and dampened global risk sentiment. The Nifty 50 was down 0.68% at 24,718.6 and the BSE Sensex fell 0.70% to 81,118.6. Eleven of the 13 major sectors logged losses, …

Indian benchmarks log weekly losses as Mideast tensions, trade woes rattle sentiment Read More »

By Nimesh Vora MUMBAI (Reuters) – A surge in oil prices after Israel’s strikes on Iran sent the Indian rupee tumbling on Friday, prompting the central bank to step in and limit further losses, traders said. The attack sparked a wave of risk aversion across markets. Asian currencies and equities dropped, U.S. equity futures fell, …

India central bank likely steps in after rupee buckles under oil shock Read More »

MUMBAI (Reuters) – The Reserve Bank of India is believed to have sold dollars to support the rupee after a surge in oil prices, triggered by Israeli strikes on Iran, put pressure on the currency, three traders told Reuters on Friday. The Indian rupee dropped to 86.20 to the U.S. dollar before recovering to 86.04 …

India central bank steps in to contain fallout of oil price jump on rupee, traders say Read More »

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -The Air India plane crash on Thursday which left more than 240 people dead, the worst aviation disaster in a decade, will challenge the airline’s ambitious campaign to restore its reputation and revamp its fleet. After taking the carrier over from the government in 2022, the …

Air India crash to challenge ‘world class airline’ ambitions Read More »