Reuters India Business

By Praveen Paramasivam CHENNAI (Reuters) – India’s Tamil Nadu state said on Monday it had signed pacts totalling 6.64 trillion Indian rupees ($80 billion) in investments, ranging from Microsoft and suppliers to Apple to auto giants such as Hyundai Motor. Global manufacturers are counting on India as a major growth driver as they look to …

India’s Tamil Nadu hails $80 billion pledges from firms including Microsoft, Hyundai Read More »

BENGALURU (Reuters) -India’s aviation regulator has increased the mandatory weekly rest period for flight crew to 48 hours from the previous 36 hours, the civil aviation ministry said on Monday, as it laid out a host of measures to address complaints of pilot fatigue. The revised regulations come months after the watchdog decided to conduct …

India raises rest period for flight crew among measures to avoid fatigue Read More »

(Reuters) -India’s fuel consumption rose to a seven-month high in December to about 20.054 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Total consumption, a proxy for oil demand, in December rose by 6.2% from 18.89 million tons in November. It was up around 2.6% compared …

India’s fuel demand hits seven-month high in December Read More »

NEW DELHI (Reuters) – India’s agricultural exports will rise in fiscal 2023/24 from last year despite curbs on wheat, rice and sugar, the nation’s trade minister said on Monday, amid efforts to diversify shipments. The world’s second-largest producer of wheat, rice and sugar, India restricted exports of these commodities last year in a bid to …

India’s agricultural exports to rise despite curbs on wheat, rice, sugar – minister Read More »

By Nandan Mandayam BENGALURU (Reuters) -Indian airline Vistara said on Monday it was confident of receiving its last 787 wide-body jet from Boeing by March or April, despite a recent incident on a narrow-body 737 MAX 9 that lost part of its fuselage. “We will hit a fleet size of 70 aircraft by March or …

India’s Vistara confident it will receive last Boeing 787 by April Read More »

MUMBAI (Reuters) – India’s Adani Green Energy Ltd said on Monday it plans to redeem $750 million worth of notes due on Sept. 9, eight months before they mature. The company, part of billionaire Gautam-Adani’s ports-to-power conglomerate, said it will pay $169 million from its reserves and internal accruals, and $300 million from the consideration …

India’s Adani Green plans to redeem $750 million bonds due Sept Read More »

By Sumit Khanna, Dhwani Pandya and Aditi Shah GANDHINAGAR, India (Reuters) – Indian Prime Minister Narendra Modi will roll out the red carpet for hundreds of domestic and foreign investors visiting his home state of Gujarat this week for a business event, in one of his last major efforts to draw investments before a re-election …

India’s Modi to lure tech, EV investments at Gujarat summit as poll looms Read More »

BENGALURU (Reuters) – India’s aviation regulator said on Monday that checks by domestic airlines of Boeing 737 Max 8 aircraft had been performed satisfactorily, after a cabin panel blew out on a new Alaska Airlines 737 Max 9 aircraft last week. India’s Directorate General of Civil Aviation (DGCA) on Saturday ordered all Indian operators with …

India regulator says checks of Boeing 737 Max 8 jets satisfactory Read More »