(Fixes Tata Motors Reuters Instrument Code in paragraph 1) By Aditi Shah NEW DELHI (Reuters) -India’s Tata Motors is betting its newly launched sport-utility vehicle will help step up competition to rivals like Hyundai Motor and Maruti Suzuki in a fiercely fought and fast-growing part of the market. Tata, which is India’s third-largest carmaker, launched …
India’s Tata bets new SUV will boost fight with Hyundai, Suzuki Read More »
By Neha Arora NEW DELHI (Reuters) -India is considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with direct knowledge of the matter. India, the world’s second-biggest crude steel producer, had in August recommended a three-year import tariff …
India considering import tariff on some steel products, source says Read More »
By Praveen Paramasivam and Manvi Pant CHENNAI (Reuters) -Indian electronics contract manufacturer Zetwerk has hired a slate of banks and plans to file draft papers for its initial public offering in March 2026, a source with direct knowledge of the matter told Reuters on Tuesday. Kotak Mahindra Capital, Morgan Stanley, Avendus Capital, Goldman Sachs, JM …
India’s Zetwerk hires banks for IPO filing next year, source says Read More »
By Bharath Rajeswaran (Reuters) -India’s stock benchmarks fell for a third straight session on Tuesday as investors continued to book profits near record highs on a day that saw the monthly derivatives expiry. The Nifty 50 fell 0.29% to 25,884.8 points, while the BSE Sensex was down 0.37% to 84,587.01, taking both to about 1.6% …
Indian shares slip for third session as profit-taking persists near record highs Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed nearly flat on Tuesday, surrendering early gains as month-end dollar demand from importers offset broader strength in regional currencies. The rupee ended at 89.22 against the U.S. dollar, barely changed from its close of 89.23 in the previous session. The currency found its footing this week …
Rupee ends flat, wedged between firmer Asia FX and importer dollar bids Read More »
(Reuters) -Indian warehouse developer IndoSpace and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they acquired six industrial and logistics parks worth 30 billion rupees ($336.26 million) through their joint venture. The Canadian pension fund, which owns 93% of IndoSpace Core, established the joint venture in 2017 to acquire and develop logistics facilities. CPPIB …
Canada’s CPPIB, Indospace acquire six logistics parks worth $336 million Read More »
(Corrects syntax in paragraph 4) MUMBAI (Reuters) -The International Monetary Fund is likely to reclassify India’s foreign exchange rate management regime in the near future, Bloomberg News reported on Tuesday citing people familiar with the matter. The reported shift comes two years after the international body had characterised India’s FX management regime to “stabilized arrangement” …
IMF to reclassify India’s FX management framework, Bloomberg News reports Read More »
By Pranoy Krishna and Vivek Mishra BENGALURU (Reuters) -India’s economy likely grew 7.3% in the July–September quarter, according to a Reuters poll of economists, underpinned by strong rural and government expenditure even as private capital spending remained subdued. Household consumption, which accounts for roughly 60% of the economy, strengthened in the previous quarter as rural spending …
India’s economy likely grew 7.3% in July–September quarter- Reuters poll Read More »
(Reuters) -Canada and India are close to finalizing an export agreement in a deal valued at about US$2.8 billion, the Globe and Mail reported on Monday, citing people familiar with the matter. The deal for Canada to ship uranium to India would run for 10 years if finalized, the report said, adding that uranium would be …
Ottawa close to uranium deal with India worth $2.8 billion, Globe and Mail reports Read More »
By Abhirami G and Akash Sriram BENGALURU (Reuters) -Alphabet’s Google and venture capital firm Accel will partner to fund at least 10 early-stage Indian AI startups, marking the U.S. technology giant’s first such funding partnership, top executives at the companies said on Thursday. The move comes as several U.S. tech firms like Microsoft, Amazon and …
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