By Neha Arora NEW DELHI (Reuters) – India’s steel-to-power conglomerate JSW Group plans to set up a 500,000 metric ton capacity copper smelter in the eastern state of Odisha by 2028/29 with feedstock of copper concentrate from Peru and Chile, a source directly aware of the matter told Reuters on Thursday. In January, JSW said …
India’s JSW to set up 0.5 million T capacity copper smelter, source says Read More »
(Corrects designation of HMEL’s Das to managing director & CEO, not chairman, in paragraph 5) By Mohi Narayan NEW DELHI (Reuters) – Russia has surpassed the United Arab Emirates as India’s top naphtha supplier in the year to March 2025, as refiners capitalise on discounted cargoes, preliminary ship-tracking data showed, a trend buyers expect to …
Russia replaces UAE as the top naphtha supplier to India in 2024-25 Read More »
By Aditya Kalra and Abhijith Ganapavaram NEW DELHI (Reuters) – Frustration is building inside India’s newest airline, Akasa Air, with top executives privately criticising Boeing for delayed plane deliveries and scrambling to assuage hundreds of anxious pilots who remain idle without work. Troubles at Akasa, backed by an Indian billionaire’s family, are among the starkest …
Inside Akasa Air’s struggles with Boeing delivery delays and idle pilots Read More »
By Bharath Rajeswaran (Reuters) -Foreign selling of Indian stocks continued in the first half of March, with information technology and consumer goods accounting for a significant share, amid concerns over the health of the U.S. and Indian economies. Foreign portfolio investors (FPIs) net sold Indian stocks worth $3.5 billion during the period. IT stocks accounted …
Foreign selling in Indian stocks continues unabated in first half of March Read More »
NEW YORK (Reuters) – The dollar pared gains against the euro after the Federal Reserve held interest rates steady as expected on Wednesday, but indicated policymakers anticipate reducing borrowing costs by half a percentage point by the end of this year. Taking stock of the Trump administration’s rollout of tariffs, Fed officials actually marked up …
Dollar pares gains as Fed holds rates, forecasts slower growth Read More »
(Reuters) – India’s largest gas distributor GAIL India will seek three LNG cargoes annually for three years in a tender closing April 2, chairman Sandeep Kumar Gupta said on Wednesday. “This year, we will have two cargoes for May and June. Next year onwards, (we will seek) 3 cargoes in April to June period,” Gupta …
GAIL India to seek three LNG cargoes per year for three years, says chairman Read More »
By Chandini Monnappa (Reuters) – Saudi Aramco-backed industrial software firm Cognite on Wednesday opened its AI services center in the southern Indian city of Bengaluru and said it was exploring potential contracts with top conglomerates in the country. The company said it had signed up with a large industrial cement company and a major automotive …
Saudi Aramco-backed Cognite taps India in AI expansion bet Read More »
MUMBAI (Reuters) – Strong macroeconomic fundamentals are likely to help India sustain its growth momentum even as the global economy faces uncertainty amid the escalating trade tensions, the Reserve Bank of India said in its March bulletin on Wednesday. “The Indian economy continues to demonstrate resilience as evident in the robust performance of the agriculture …
Indian economy resilient amid global trade war uncertainties, says cenbank Read More »
(Reuters) -Hyundai Motor India, the country’s No.2 carmaker by market share, will increase prices by up to 3% from April due to higher raw material and operational costs, it said on Wednesday. The price hike will vary depending on the model, the company said. Earlier this week, Maruti Suzuki and Tata Motors also raised the …
Hyundai Motor India to hike car prices by up to 3% Read More »
By Neha Arora NEW DELHI (Reuters) – India’s proposed 12% tax on steel imports was less than the industry had expected, but will give some relief from an influx of cheap Chinese imports, executives said on Wednesday. Despite being the world’s second-biggest crude steel producer, India shipped in record quantities of steel from China, South …
