(Reuters) – India’s tax department has ordered Zomato to pay 8.04 billion rupees ($94.8 million) in taxes and fines for non-payment of certain taxes from 2019 to 2022, the food delivery platform said on Thursday. The order directs Zomato to pay 4.02 billion rupees in outstanding taxes and an identical amount as penalty, which totals …
India orders Zomato to pay $95 million in taxes, fines in latest setback Read More »
By Chris Thomas and Hritam Mukherjee (Reuters) -India’s Bluestone Jewellery and Lifestyle [BLUT.NS] is seeking a valuation of at least 120 billion rupees ($1.41 billion) in an initial public offering, two sources said on Thursday. The jeweller is seeking to sell new shares worth 10 billion rupees, while existing shareholders, including Accel India and Kalaari …
Accel-backed Bluestone Jewellery eyes $1.4 billion valuation in India IPO, sources say Read More »
By Nidhi Verma NEW DELHI/MOSCOW (Reuters) -Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. The 10-year agreement amounts to 0.5% of global supply and …
Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a …
India’s November retail inflation eases, boosts rate cut hopes Read More »
NEW DELHI (Reuters) -India’s industrial output rose to a three-month high of 3.5% year-on-year in October, helped by a pickup in consumer durables and garment manufacturing during the festival season, government data showed on Thursday. The rise was in line with the 3.5% forecast in a Reuters poll of economists and higher than 3.1% growth …
India’s October industrial output at 3-month high of 3.5% y/y Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India will reach a decision soon on whether to impose import restrictions on metallurgical coke, a key ingredient in steelmaking, a source with direct knowledge of the matter told Reuters. India, the world’s second-largest producer of crude steel, proposed a plan in April to protect …
India to decide soon whether to curb steelmaking raw material imports, source says Read More »
(Reuters) – Indian automaker Tata Motors said on Thursday it will increase prices of its commercial vehicles, including trucks and buses, by up to 2% from January. The company had previously said it would raise prices of its cars by 3% in January. WHY IT’S IMPORTANT Indian automakers are grappling with rising costs due to …
India’s Tata Motors to hike commercial vehicle prices by up to 2% from January Read More »
(Reuters) – India’s retail inflation in November eased to 5.48% as soaring vegetable prices moderated during the month due to an improvement in supply, according to government data released on Thursday. A Reuters poll had projected retail inflation at 5.53%. COMMENTS DIPANWITA MAZUMDAR, ECONOMIST, BANK OF BARODA, MUMBAI “Headline CPI got the desired comfort from …
Instant view: India’s retail inflation in November eases to 5.48% Read More »
By Aditi Shah NEW DELHI (Reuters) – Indian auto component maker Sona Comstar, supplier to companies such as Ford and Stellantis, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe. In an interview, Group CEO Vivek Vikram Singh said …
Indian auto parts supplier Sona Comstar looks East for growth Read More »
By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian shares fell on Thursday, weighed by a retreat in all sectors, barring information technology, on caution ahead of inflation data. The NSE Nifty 50 fell 0.38% to 24,548.7, while the BSE Sensex shed 0.29% to 81,289.96. “There is not much to read into the drop today. There …
Indian shares settle lower as caution ahead of inflation data dulls IT rally Read More »
