By Harshit Verma (Reuters) – Gold extended its retreat to a fifth day on Wednesday as yields climbed and bets for higher-for-longer U.S. interest rates and global growth concerns continued to drive safe-haven flows into the dollar. Spot gold fell 0.4% to $1,917.50 per ounce by 1:53 p.m. EDT (1753 GMT), its lowest since Aug. …
By Aditi Shah and Arpan Chaturvedi NEW DELHI (Reuters) – An Ireland-based lessor wants India’s bankrupt Go First airline to replace “robbed” parts from its leased jets and allow it to appoint round the clock security to guard grounded aircraft, the latest escalation in efforts to reclaim its Airbus planes. The plea, detailed in a …
Go First lessor seeks replacement of parts “robbed” from grounded planes in India Read More »
NEW DELHI (Reuters) -India will offer $452 million in incentives to companies to set up battery storage projects, in a bid to boost the country’s green energy capacity, a top minister said on Wednesday. Battery storage projects are critical to India’s ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030 …
India to offer $452 million in incentives for battery storage Read More »
HYDERABAD (Reuters) – India’s Lupin Ltd will sell its generic drugs to treat certain respiratory disorders on billionaire investor Mark Cuban’s low-cost online pharmacy in the United States, the drugmaker said on Wednesday. The partnership with Cuban-backed Cost Plus Drugs is expected to bolster Lupin’s U.S. business, which already accounts for nearly 33% of its …
India’s Lupin to sell generic respiratory drugs on Mark Cuban’s online pharmacy Read More »
NEW DELHI (Reuters) – India’s overall external debt to GDP ratio fell to 18.9% at the end of March 2023 from 20% in March 2022, the federal government said on Wednesday. The country’s external debt position was comfortable and stood at $624.7 billion at the end of March this year, according to the government’s external debt …
India’s external debt position comfortable – government Read More »
BENGALURU (Reuters) – India’s Tata Consultancy Services and Britain’s Jaguar Land Rover (JLR) have expanded their partnership, valued at more than 800 million pounds ($1.00 billion) over five years, the two Tata Group companies said on Wednesday. As part of the partnership, India’s top IT services exporter would deliver a range of services for the …
India’s TCS expands partnership with Britain’s JLR in over $1 billion deal Read More »
By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Tata Group’s consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said. If successfully concluded, a deal would see the Indian …
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – India’s richest businessmen, led by rivals Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the capital on Saturday, as the South Asian nation showcases its position as the world’s fastest growing major economy. Prime Minister Narendra Modi has sought …
Indian billionaires Ambani, Adani set to attend G20 summit dinner Read More »
BENGALURU (Reuters) – India’s Ind-Swift Laboratories said on Wednesday it would sell its active pharmaceuticals ingredients (API) and contract research and manufacturing services (CRAMS) business to Synthimed Labs in a deal with an enterprise value of 16.50 billion rupees ($198.50 million). ($1 = 83.1238 Indian rupees) (Reporting by Ashish Chandra in Bengaluru; Editing by Savio …
India’s Ind-Swift Labs to sell pharma ingredients ops for $198.5 million Read More »
MUMBAI (Reuters) – The Indian rupee dropped to the lowest in more than 10 months, tracking broad losses on Asian peers and on oil price worries. The rupee fell to 83.1800 to the U.S. dollar from 83.04 in the previous session. Asian currencies declined following a further rise in U.S. Treasury yields. The 10-year U.S. …
