NEW DELHI (Reuters) – Carmaker Volkswagen Group’s Skoda sees an opportunity to launch plug-in and mild hybrid cars in India to expand its fuel choice offering to consumers and reduce emissions, a Skoda Global executive said in New Delhi on Tuesday. (Reporting by Aditi Shah; Writing by Shivam Patel; Editing by Andrew Heavens)
NEW DELHI (Reuters) – India will formulate a green steel policy and will consider government procurement for decarbonised steel, Steel Secretary of India Sandeep Poundrik said at an event on Tuesday. The ministry will also consider incentivising smaller steel players in green steel production, he added. (Reporting by Neha Arora in New Delhi; Editing by …
India will create green steel policy, steel secretary says Read More »
By Sudarshan Varadhan NUSA DUA, Indonesia (Reuters) – Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak. The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, …
Southeast Asia expected to boost coal trade as China approaches peak Read More »
NEW DELHI (Reuters) – India’s Road Transport Minister Nitin Gadkari urged carmakers on Tuesday to set up vehicle scrapping centres to get polluting vehicles off the roads, adding that the move could boost sales of vehicles by 18-20%. Gadkari told the annual convention of industry body Society of Indian Automobile Manufacturers (SIAM) that the government is targeting setting …
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By Anushree Ashish Mukherjee (Reuters) – Gold prices held their ground on Monday, as investors awaited the U.S. inflation report for further clues on the potential size of the Federal Reserve’s interest-rate cut. Spot gold was little changed at $2,499.79 per ounce by 1:54 p.m. ET (1754 GMT). U.S. gold futures settled 0.3% higher at …
Gold prices steady with spotlight on US inflation data Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India’s Goods and Services Tax council achieved consensus among its members on the need to lower the tax on health and life insurance premiums, officials said on Monday. No decision was taken at the council meeting, but a panel of ministers will submit a report by the end …
Indian tax council agrees on need for lower tax on health and life cover premiums Read More »
NEW DELHI (Reuters) -Indian news agency ANI has sued Netflix Inc and producers of an Indian series about a plane hijack, asking for four episodes to be taken down as they used ANI content without permission, ANI’s lawyer told Reuters on Monday. The series, called “IC-814: The Kandahar Hijack” – a fictionalised version of the …
Indian news agency ANI sues Netflix for using its content in hijack drama Read More »
By Praveen Paramasivam and Dhwani Pandya CHENNAI (Reuters) – Hundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters. The strike comes after Samsung Electronics’ biggest union in South Korea held a four-day strike in …
Workers at Samsung India plant strike, partly hitting production Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) – India’s benchmark indexes ended higher in a choppy session on Monday, led by gains in consumer goods stocks as traders remained upbeat about a demand revival after a stable monsoon. The Nifty 50 index settled 0.34% higher at 24,936.4 points. The S&P BSE Sensex gained 0.46% …
Consumer stocks help Indian shares end higher in choppy session Read More »
By Aditya Kalra (Reuters) -Indian education technology company Byju’s’ auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju’s said on Saturday. Byju’s is fighting several battles including the insolvency proceedings and a $1 billion claim from U.S.-based Glas Trust. BDO was appointed auditor earlier …
Byju’s auditor BDO resigns after start of bankruptcy proceedings, company says Read More »
