By Nandan Mandayam (Reuters) -Heineken’s Indian unit United Breweries will resume beer supplies to India’s Telangana state, the company said on Monday, weeks after it halted supply over pricing and non-payment of dues by the state government. “We have decided to restart our supplies… for the time being. This is an interim decision in the …
Heineken’s United Breweries to resume beer supply to Indian state Read More »
(Reuters) – An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s lenders, CNBC-TV18 reported on Monday. Go First Airways did not immediately respond to a Reuters request for comment. In August, Go First’s lenders had decided to liquidate the company’s assets after rejecting bids by interested …
India tribunal orders liquidation of Go First airline, CNBC-TV18 reports Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee and its Asian peers will be influenced by developments surrounding U.S. President-elect Donald Trump’s inauguration on Monday, with traders keenly focussing on trade tariff measures, while bond yields will track Treasury yields. The rupee closed at 86.61 against the U.S. dollar on Friday, …
Trump’s first moves as US president key for Indian rupee, bonds Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India is set to allow exports of 1 million metric tons of sugar during the current season, government and industry sources said, to help mills export surplus stocks from the world’s second biggest producer of the sweetener and help prop up local prices. The permission …
India set to allow 1 million tons of sugar exports this year Read More »
MUMBAI (Reuters) – India’s Kotak Mahindra Bank on Saturday reported a 10% rise in quarterly profit as it boosted lending, although provisions for potential bad loans surged. The Mumbai-based private lender’s standalone net profit – which excludes earnings from its subsidiaries – rose to 33.05 billion rupees ($382 million) in the three months to end-December, …
India’s Kotak Mahindra Bank Q3 profit rises 10% on higher lending income Read More »
MUMBAI (Reuters) – India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run firms run into a host of setbacks. The government will likely revise the target to less than …
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports Read More »
By Daksh Grover and Anushree Mukherjee (Reuters) – Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump’s policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level. Spot gold eased 0.4% …
Gold poised for third weekly gain as markets look to Trump inauguration Read More »
By Aditi Shah and Nandan Mandayam NEW DELHI (Reuters) -Hyundai , Maruti Suzuki and Tata Motors used the India auto show to unveil ambitious plans to expand their electric vehicle charging network to address the issues that are putting customers off making the switch. The five-day auto show in New Delhi starting on Friday saw …
Carmakers at India auto show unveil charging network plans, new EVs Read More »
By Haripriya Suresh, Hritam Mukherjee and Sai Ishwarbharath B MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra’s chief executive expects 2025 to be better than last year, after subdued demand in its mainstay telecom segment led to an earnings miss in the third quarter. Companies in the $245-billion Indian IT sector have been grappling with …
India’s Tech Mahindra bets on 2025 after weak telecom segment weighs on Q3 Read More »
NEW DELHI (Reuters) – India has proposed for a merger of state-owned miners KIOCL and NMDC, federal steel minister H D Kumaraswamy said on Friday. KIOCL, which also produces iron ore pellets, is “in critical condition,” Kumaraswamy added. (Reporting by Neha Arora in New Delhi and Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng)
