Reuters India Business

NEW DELHI (Reuters) -India has decided to reduce the cost of a cooking gas cylinder by 100 rupees ($1.2), Prime Minister Narendra Modi said on Friday, a move seen as targeting women voters days before national elections are called. The price cut will “ease the financial burden on millions of households across the country”, mainly …

India’s Modi cuts cooking gas cylinder price by 100 rupees, weeks before polls Read More »

By Chandini Monnappa, VarunVyas Hebbalalu and Haripriya Suresh BENGALURU (Reuters) – Bengaluru’s acute water shortage is slowing production at its garment factories, doubling restaurant water bills and forcing managers at some global firms in “India’s Silicon Valley” to accommodate unusual employee demands. The southern Indian city is home to about 14 million people, thousands of …

Worsening water shortage in India’s Bengaluru hurts businesses Read More »

By Alistair Smout LONDON (Reuters) -Britain’s trade minister Kemi Badenoch on Thursday said she did not see a forthcoming election in India as a deadline for securing a trade agreement between the countries, saying it would be “challenging” to secure a deal by then but possible. Britain and India have held stop-start talks over a …

UK trade minister doesn’t see India election as a deadline for trade deal Read More »

NEW DELHI (Reuters) – The Indian government on Thursday hiked inflation-adjusted pay and allowances for 11.7 million employees and pensioners by 4%, a move that is likely to cost the exchequer 128.69 billion Indian rupees ($1.56 billion) annually, a minister said. The increases to the ‘dearness allowance’, part of monthly wages and pensions, provides a …

Indian govt hikes inflation-adjusted allowances for govt employees, pensioners Read More »

BENGALURU (Reuters) – Indian automaker Tata Motors said on Thursday it will raise prices of its commercial vehicles by up to 2% from April 2024, to offset the residual impact of past input costs. (Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)

(Reuters) – Indian IT company LTIMindtree’s chief financial officer (CFO), Vinit Teredesai, has resigned, the company said in an exchange filing on Thursday. Vipul Chandra, the head of treasury at Larsen and Toubro, has been appointed as the next CFO. “Leadership planning is one of the key focus areas of L&T Group,” said LTIMindtree Chairman …

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to succeed Read More »

By Echha Jain (Reuters) – Bullish bets on the Indian rupee firmed most in two-and-a-half years, while investors maintained bearish positions across most Asian currencies amid uncertainty over China’s economic recovery and a protracted global monetary easing timeline, a Reuters poll found on Thursday. Short bets on the Chinese yuan, the South Korean won, and …

Bullish positions on Indian rupee at over two-year high; Asian FX bears hold ground – Reuters poll Read More »