Reuters India Business

By Aditi Shah BENGALURU (Reuters) – Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. India’s electric scooter market is small but growing, with e-models accounting for 5% …

Indian e-scooter maker Ather readies new models and exports after subsidy cuts Read More »

(Reuters) – Growth in India’s commercial vehicle sales volume will slow down to low-to-mid-single digits due to rising ownership costs, Fitch Ratings said in a report on Monday. The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions. There was a …

Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch Read More »

MUMBAI (Reuters) – The Indian central bank is possibly selling dollars via public sector banks, with the rupee just shy of a record low, six traders told Reuters. The rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29. “Hearing of public …

India cenbank possibly selling dollars to prevent rupee from falling to record low – traders Read More »

By Nimesh Vora MUMBAI (Reuters) – The rupee inched up against the U.S. dollar on Monday, but surging oil prices and the rally on the dollar index suggest the rising risk of a significant decline in the local currency, analysts said. The rupee was last at 83.1450 to the U.S. dollar, compared with 83.1850 in …

Risk of sizeable decline on Indian rupee on the rise, analysts say Read More »

By Neha Arora NEW DELHI (Reuters) – Indian power producer NTPC’s mining arm will explore overseas sourcing of battery minerals such as lithium, cobalt and nickel, three sources told Reuters on Monday. The South Asian country, among the world’s top greenhouse gas emitters, has been pursuing pacts with other countries to secure key minerals in …

India’s NTPC mining arm to explore battery minerals overseas – sources Read More »

By Archishma Iyer (Reuters) – India’s benchmark stock indexes fell on Monday, taking a breather from a record-setting run, as investors digested economic developments in China and looked ahead to policy decisions from top central banks, including the U.S. Federal Reserve. The Nifty 50 fell 0.09% to 20,174.4 points at 9:58 a.m. IST, while the …

Indian stocks slip as IT weighs; cenbank meetings eyed Read More »