Reuters India Business

By Aditi Shah NEW DELHI (Reuters) – Maruti Suzuki, India’s top-selling carmaker, said on Monday there was no immediate production impact from China’s export curbs on rare earth magnets, a key component, and that it was in talks with the government on the matter. Auto industry manufacturers told government officials last week that production could …

India’s Maruti says no immediate impact from China rare earth magnet curbs Read More »

By Neha Arora NEW DELHI (Reuters) -India estimates a “minor impact” from U.S. President Donald Trump’s plan to increase tariffs on steel and aluminium products as the South Asian country exports low volumes to Washington, the federal steel minister said on Monday. Trump said last week he intends to increase tariffs on imported steel and …

Trump’s plan to hike steel tariffs to have ‘minor’ impact on India, says minister Read More »

By Alban Kacher (Reuters) -Shares of Dutch tank storage company Vopak’s Indian joint venture Aegis Vopak Terminals rose on their Mumbai debut on Monday following an initial public offering. The shares were trading at 242 rupees ($2.83) each at 0654 GMT, around 3% higher than their IPO pricing of 235 rupees ($2.75), which was the …

Shares of Vopak’s 2.7 billion euro Indian JV rise on Mumbai debut Read More »

(Reuters) -Shares of Schloss Bangalore, owner of luxury hotel chain “The Leela”, debuted 6.7% lower on Monday, valuing the company at 137.97 billion rupees ($1.62 billion). The stock listed at 406 rupees on India’s National Stock Exchange, compared to its issue price of 435 rupees. It was last down at 428 rupees. Brookfield Asset Management-owned …

Leela hotels owner Schloss drops about 7% in India debut Read More »

BENGALURU (Reuters) – India’s manufacturing growth slowed to a three-month low in May as demand softened amid price pressures and geopolitical tensions but job creation hit a record high, a survey showed on Monday. Solid manufacturing growth has helped India’s economy outperform its major peers. Asia’s third-largest economy grew 7.4% last quarter from a year …

Indian manufacturing growth eases to 3-month low in May, PMI shows Read More »

By Scott Murdoch and Ankur Banerjee SYDNEY/SINGAPORE (Reuters) -Foreign investors are starting to head back into Indian stocks after a major exodus, attracted by $5.5 billion worth of big ticket block trades in May and lifting hopes of a revival in the nation’s equities market. The block trades were well bought by overseas investors, according …

India lures foreign investors back with big ticket block trades Read More »

By Tim Hepher, Aditi Shah and Rajesh Kumar Singh NEW DELHI (Reuters) -Tata Group’s Air India is in talks with Airbus and Boeing for a major new aircraft order including some 200 extra single-aisle planes, topping up a mammoth deal in 2023 as the former state carrier pursues a multi-billion-dollar revamp, industry sources said. The …

Air India in talks for major new narrow-body jet order, sources say Read More »