Reuters India Business

BENGALURU (Reuters) – Shares of IndiGo fell 1.5% on Wednesday after the airline warned that more planes could be grounded due to the latest troubles with Pratt & Whitney engines, leading to the potential withdrawal of nearly a quarter of its fleet. India’s top airline, listed as Interglobe Aviation, said late on Tuesday it sees …

IndiGo parent’s shares drop after airline warns of more groundings from Pratt issues Read More »

By Munsif Vengattil NEW DELHI (Reuters) – Samsung and Qualcomm are among those opposing India’s choice of technology to bring live TV broadcasts on smartphones, arguing the required hardware changes will push up a device’s cost by $30, according to letters reviewed by Reuters. India is considering a policy to mandate equipping smartphones with hardware to …

Samsung, Qualcomm flag concerns with India’s push for live TV on phones Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was little changed on Wednesday as a drop in oil prices and strength in Asia currencies failed to budge the local unit in the face of persistent local U.S. dollar demand. The rupee was at 83.25 against the U.S. dollar as of 10:18 a.m. IST, compared …

Rupee unable to capitalise on oil price drop, positive Asian FX Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex rose 0.14% to 65,027.13. …

Indian shares rise as falling oil prices boost energy stocks Read More »

COLOMBO (Reuters) – The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India’s Adani Group, advancing the first foray by an Indian company into the sector. Sri Lanka, an island off India’s southern coast, is mired in its worst financial crisis …

US commits $553 million financing for Adani terminal venture at Colombo port Read More »

BENGALURU (Reuters) -Indigo stood by its capacity growth forecasts for the year on Tuesday even as it expects to ground more than 30 planes in the fourth quarter due to issues related to its Pratt & Whitney engines. The country’s biggest airline is on an aggressive expansion spree to cater to a boom in air …

IndiGo sees more groundings in Q4 due to Pratt & Whitney engines issues Read More »

(Reuters) – India’s Hero MotoCorp plans to launch its electric vehicles in the United Kingdom and other European markets, starting with Spain and France, the company said on Tuesday. Hero, the country’s top motorcycle manufacturer, will introduce its electric scooter brand VIDA V1 and begin commercial operations in those markets by mid-2024, it said. The …

India’s Hero MotoCorp to introduce its electric vehicles in Europe Read More »