BENGALURU (Reuters) -Tata Motors said on Wednesday it will increase prices of its commercial vehicles by up to 2%, effective July 1 to offset the impact of rising commodity prices. Tata Motors, India’s top automaker by revenue, had last hiked prices for its commercial vehicles by up to 2% in March. The company said in …
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(Reuters) – Brazilian planemaker Embraer sees India, Saudi Arabia and the European Union as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday. India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging …
Brazil’s Embraer sees India, Saudi Arabia, EU as strategic markets for defense unit Read More »
By Brijesh Patel (Reuters) -Gold prices edged higher on Tuesday after softer-than-expected U.S. retail sales data cemented hopes that the Federal Reserve will reduce interest rates this year, sending the dollar and Treasury yields lower. Spot gold was up 0.4% at $2,329.16 per ounce by 01:58 p.m. ET (1758 GMT). U.S. gold futures settled 0.8% …
Gold gains as soft US data lifts Fed rate cut bets Read More »
BENGALURU (Reuters) – India’s Zee Entertainment Enterprises said on Tuesday that Chief Financial Officer Rohit Gupta has resigned due to personal reasons and named company veteran Mukund Galgali as acting CFO. Gupta spent nearly six years at the broadcaster. Galgali, the head of Zee’s commercial and strategic initiatives, has been with the group for 17 …
India’s Zee Entertainment says finance chief Gupta resigns Read More »
BENGALURU (Reuters) -Vodafone Group will sell about 10% stake in India’s Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm’s efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus …
NEW DELHI (Reuters) – The Indian government’s net direct tax collection rose 21% year on year to 4.63 trillion rupees ($55.52 billion) from April 1 to June 17, it said in a statement on Tuesday. On a gross basis, tax collection before refunds grew more than 22% year on year to 5.16 trillion rupees, the statement …
Indian government’s direct tax collection rises 21% y/y in April-June Read More »
By Jaspreet Kalra MUMBAI (Reuters) – India should avoid “adventurism” and continue to focus on bringing down inflation towards the target of 4% despite the growing clamour to signal a pivot in monetary policy, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. “At this point there is again clamour that one should change …
India must avoid ‘adventurism’, focus on bringing down inflation, cenbank chief says Read More »
BENGALURU (Reuters) – Vedanta Resources, Indian miner Vedanta Ltd’s UK-based parent company, will seek to cut its debt by $3 billion over the next three years, its chairman said in an annual report on Tuesday. Vedanta Resources, whose debt stood at $6 billion as of March 2024, has been grappling with a host of rating …
Parent of India’s Vedanta proposes to cut debt by $3 billion over next three years Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares finished at record closing highs for the third session in a row on Tuesday, led by gains in technology firms and private banks, and boosted by strong domestic inflows as well as a climb in global equities. The NSE Nifty 50 rose 0.39% to finish at 23,557.90, while …
IT, private banks lead Indian shares to third day of record closing highs Read More »
By Neha Arora and Krishn Kaushik NEW DELHI (Reuters) -State-run Coal India Ltd is exploring lithium blocks in Argentina along with a U.S. company to secure supplies of the battery material, an Indian source with direct knowledge said on Tuesday. The efforts are part of India’s membership under the U.S.-led Minerals Security Partnership (MSP), which …
Coal India exploring lithium assets in Argentina with U.S. firm, source says Read More »
