NEW DELHI (Reuters) – The head of India’s market regulator and her husband are answering allegations of conflict of interest raised by the main opposition Congress party, and the facts have to be “taken on board”, Finance Minister Nirmala Sitharaman said on Monday, Securities and Exchange Board of India chair Madhabi Puri Buch has faced …
By Sethuraman N R GANDHINAGAR, India (Reuters) – India will connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid during the year ending March 2025, a top bureaucrat told Reuters, as it scrambles to achieve its 2030 clean energy target after falling short of a much publicised 2022 renewables …
India to add record renewables this year as green push gains momentum Read More »
By Aditi Shah NEW DELHI (Reuters) – Mercedes-Benz is seeing a rise in the number of Indian buyers opting for electric vehicles as their first luxury car, the country’s managing director told Reuters, a trend that is helping the German carmaker boost their sales. Sales of luxury cars in India are surging helping market leader …
Mercedes-Benz sees more Indian buyers choosing EVs as first luxury car Read More »
By Dimpal Gulwani and Bharath Rajeswaran BENGALURU (Reuters) -Bajaj Housing Finance’s shares more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion, nearly triple the next-biggest rival. The blockbuster listing follows strong demand for its …
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s markets regulator on Monday withdrew comments saying “outside elements” instigated complaints of a toxic work environment by its employees, and said it would address the issues “amicably and internally.” Last month, 500 employees of the Securities and Exchange Board of India (SEBI) wrote to India’s federal finance …
India markets regulator to address employee complaints internally Read More »
(Reuters) – Adani Power and Adani Green Energy have won a combined bid to supply 6,600 MW of renewable and thermal power to Maharashtra state for 25 years, the companies said in a joint statement. Adani Green Energy’s wind-solar plant in Jaisalmer in Rajasthan state has been supplying Mumbai, the capital of Maharashtra state, with …
Adani Power wins joint bid for 25-year power deal to supply Maharashtra state Read More »
(Reuters) – India’s Adani Green Energy on Saturday said Saurabh Shah, now deputy chief financial officer of Adani Enterprises, would assume the role of CFO at Adani Green Energy, replacing Phuntsok Wangyal, who will step down effective Sept 30. (This story has been corrected to fix the current position of Shah to deputy chief financial …
Adani Green Energy names Saurabh Shah as new CFO Read More »
(Fixes headline) By Nidhi Verma NEW DELHI (Reuters) -State-run explorer Oil India Ltd hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 barrels per day (bpd) in the fiscal year to March 2027, Chairman Ranjit Rath said on Saturday. Oil India’s subsidiary Numaligarh Refinery Ltd (NRL) is …
Oil India aims to operate Numaligarh refinery at 180,000 bpd capacity by 2027 Read More »
By Anushree Ashish Mukherjee and Swati Verma (Reuters) – Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. Spot gold was trading …
Gold skyrockets as stars align for Fed rate cuts Read More »
By VarunVyas Hebbalalu and Aditi Shah BENGALURU (Reuters) – Ford Motor said on Friday it plans to restart manufacturing at its factory in the southern Indian state of Tamil Nadu, two years after it ended production in India, the world’s third-largest car market. The major U.S. carmaker said it intends to use its shuttered Chennai …
Ford says to restart India production for exports after two-year gap Read More »
