Reuters India Business

By Aditya Kalra, Shivam Patel and Tim Hepher NEW DELHI/PARIS (Reuters) – India is in talks to purchase 10 more Airbus C-295 military transport aircraft than the 71 it had planned, as the country ramps up efforts to replace its ageing fleet with locally built planes, three people familiar with the matter told Reuters. The …

India in talks for 10 more Airbus C-295 aircraft in ageing fleet revamp, sources say Read More »

By Bharath Rajeswaran, Vivek Kumar M and Indranil Sarkar (Reuters) – India’s NSE Nifty 50 is set for its fifth straight monthly loss – its longest such streak since 1996 – making India the worst performing global market, with investors and derivative markets signalling the pain is likely to linger. Weak earnings, persistent foreign outflows …

Indian stocks’ worst run in 29 years, wiping $1 trillion in wealth, may yet have legs Read More »

By Ira Dugal MUMBAI (Reuters) – HDFC Bank, India’s largest private lender by assets, will grow its loan securitisation business over the next few years to meet rising investor demand, the bank’s chief financial officer said. The bank will continue to build this business as a way to create space for fresh loans without bulking …

India’s HDFC Bank to grow loan securitisation business over next few years, CFO says Read More »

NEW DELHI (Reuters) – India needs to cut import tariffs and make regulatory changes to attract foreign investment in Asia’s third-largest economy, according to a World Bank report released on Friday. “Relatively high import tariffs, especially on intermediate and capital goods, and significant non-tariff barriers contribute to high trade costs which inhibit greater openness in …

India needs to cut tariffs and initiate reforms to boost investment, World Bank says Read More »

By Praveen Paramasivam and Juveria Tabassum MUMBAI (Reuters) – India’s kitchen appliances maker TTK Prestige plans to expand its store count by up to 30% over four years, as it bets the government’s income tax relief will aid consumer spending, a top executive said on Thursday. To boost demand, TTK Prestige will expand in large …

Indian kitchen appliances maker TTK Prestige to grow stores by 30% in 4 years, CEO says Read More »