Reuters India Business

By Arpan Chaturvedi NEW DELHI (Reuters) – Dubai Aerospace Enterprise (DAE) Capital has told an Indian court it detected corrosion of some parts and “a greenish deposit” on a plane leased to bankrupt airline Go First, after another lessor complained about “robbed” parts. Foreign lessors have been engaged in a legal tussle to repossess their …

Dubai Aerospace flags corrosion in plane leased to India’s bankrupt Go First Read More »

MUMBAI (Reuters) -India is not planning to levy any new tax on diesel vehicles, the country’s transport minister told news channel CNBC-TV18 on Thursday, two days after he warned automakers to reduce diesel production or face higher taxation. “I am not against diesel and neither are we going to levy any new tax on diesel …

Indian minister walks back plans for higher taxes on diesel vehicles Read More »

By Nimesh Vora and Siddhi Nayak MUMBAI (Reuters) – The Reserve Bank of India’s revamp of rules that govern the investment portfolio of commercial banks could have the collateral benefit of deepening the domestic overnight index swaps (OIS) market, bankers said on Thursday. OIS is a type of interest rate swap where one party pays …

India’s revised bank investment norms to boost OIS participation -bankers Read More »

NEW DELHI (Reuters) -India’s wholesale price index fell 0.52% in August from a year earlier, according to government data released on Thursday. Economists polled by Reuters had estimated the wholesale price index for August would fall 0.6%. It fell 1.36% in July. In August, fuel and power prices fell 6.03% from a year earlier, compared …

India’s August wholesale price index falls 0.52% y/y Read More »

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -India’s government has told a court that Elon Musk’s X is a “habitual non-compliant platform” and for years has not followed many orders to remove content, undermining the government’s role, according to a legal filing reviewed by Reuters. The remarks were contained in an Aug. 24 …

India calls X a ‘habitual non-compliant platform’ in latest court tussle Read More »

By Fayaz Bukhari SRINAGAR, India (Reuters) – Apple farmers and political activists in Indian Kashmir protested on Wednesday against the federal government’s decision to remove an additional 20% duty on the fruit imported from the U.S. saying cheaper American apples will hurt local growers. The decision to remove the additional duty was one of six …

Kashmir farmers protest India’s decision to cut tax on imported US apples Read More »

BENGALURU (Reuters) -IndiGo operator Interglobe Aviation has been allowed to wet-lease 11 A320 aircraft, CNBC-TV18 reported on Wednesday, citing sources at the Directorate General of Civil Aviation. This comes amid IndiGo grounding nearly 40 planes due to a Pratt & Whitney engine issue, the report said. Pratt’s owner RTX had on Monday said it would …

India’s IndiGo gets regulatory nod to wet-lease 11 A320 aircraft – CNBC-TV18 Read More »