By Praveen Paramasivam CHENNAI (Reuters) -India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday. Apple is counting on India as the next big driver of its growth as …
India’s Tamil Nadu in $4.4 billion deals with investors such as Tata, Pegatron Read More »
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world’s third-largest vehicle market. VinFast and the southern state of Tamil Nadu agreed to work toward an investment of up to $2 billion, with …
Vietnam’s VinFast to set up $500 million EV facilities in India Read More »
NEW DELHI (Reuters) – India’s aviation regulator on Saturday ordered an inspection of all Boeing 737-8 Max aircraft owned by domestic operators after a cabin panel blowout forced a new Alaska Airlines airplane to make an emergency landing in the United States, news agency ANI reported. The California-bound Boeing 737-9 Max aircraft operated by Alaska …
Indian regulator orders aircraft inspections following Alaska Airlines incident – ANI Read More »
NEW DELHI (Reuters) – Indian pharmaceutical companies must meet new manufacturing standards this year, according to a government notification released on Saturday, although small companies have asked for a delay, citing their debt load. Jolted by a string of overseas deaths linked to Indian-made drugs since 2022, Prime Minister Narendra Modi’s government has stepped up …
India orders new drug-making standards after overseas deaths Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service and FedEx, for alleged collusion on discounts and tariffs, documents seen by Reuters showed. It is the latest such scrutiny for the logistics industry, some dating back to 2015, …
Exclusive-India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion Read More »
By Anjana Anil and Deep Kaushik Vakil (Reuters) – Gold held steady on Friday after swinging up and down a percentage point on mixed U.S. economic data, but bullion eyed its first weekly decline in four weeks on an overall stronger dollar and higher Treasury yields. Spot gold rose 0.1% to $2,044.21 per ounce by …
Gold set for weekly decline as dollar, yields climb Read More »
By Manoj Kumar NEW DELHI (Reuters) -India forecast annual growth of 7.3% in the fiscal year ending in March, the highest rate of any of the major global economies, providing a boost for Prime Minister Narendra Modi ahead of the national elections scheduled to be held before May. “These are early projections for 2023/24,” the …
India forecasts 7.3% 2023/24 economic growth, boosting Modi’s election chances Read More »
BENGALURU (Reuters) – Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec. 31 as it saw double-digit growth in its jewellery business. Titan’s jewellery business alone had accounted for more than 85% of total income in the September quarter. The …
India’s Titan posts strong growth in jewellery segment in Q3 Read More »
(Reuters) – India’s market regulator said on Friday that institutional investors will have to disclose upfront whether a transaction in Indian securities involves short selling, while retail investors will have to do so by the end of the day when a trade is made. Securities and Exchange Board of India (SEBI) said in a circular …
Indian regulator to require short selling details from investors Read More »
BENGALURU (Reuters) -Indian consumer companies Marico and Adani Wilmar on Friday said revenue in the third quarter ended Dec. 31 fell from a year ago due to lower demand and selling prices. While Marico said its revenue declined in the low single digits on weaker rural demand, Adani Wilmar said its revenue fell 15%, impacted …
India’s Marico, Adani Wilmar say Q3 revenue down on lower demand, prices Read More »
