(Reuters) – Indian inflation will remain steady in coming months, despite short-term rises in the prices of certain food items, Finance Minister Nirmala Sitharaman told the Economic Times newspaper in an interview. Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest …
India’s inflation to keep steady, growth on track -Finance Minister Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday. On July 20, India surprised buyers by banning exports of widely consumed non-basmati white rice to …
India allows exports of non-basmati white rice trapped at ports Read More »
By Brijesh Patel (Reuters) – Gold climbed to a three-week peak on Tuesday as the dollar and Treasury yields slipped after weaker labour market readings cast doubts over the chances of another rate hike by the Federal Reserve. Spot gold was up 0.9% at $1,936.84 per ounce as of 1:55 p.m. EDT (1754 GMT). U.S. …
Gold hits three-week peak after weaker US jobs data Read More »
NEW DELHI (Reuters) – Indian automakers Tata Motors and Mahindra and Mahindra have received domestic value certificates, a metric key to qualifying for payouts under the nation’s production-linked incentive scheme, the government said on Tuesday. Launched in 2020, India’s $24 billion production-linked incentive programme covers 14 sectors, ranging from electronic products to autos, and is crucial …
India’s Tata Motors, Mahindra gain certificates for production-linked payouts Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s top explorer Oil and Natural Gas Corp plans to invest 2 trillion rupees ($24.17 billion) on clean energy projects in order to meet its 2038 net-zero carbon emissions goal, chairman Arun Kumar Singh said on Tuesday. The company, which accounts for about two-thirds of India’s oil production …
India’s ONGC to invest $24.2 billion to meet net-zero emissions goal Read More »
By Nidhi Verma and Aftab Ahmed NEW DELHI (Reuters) -India cut the price of cooking gas for households on Tuesday by about 18% to rein in inflation ahead of crucial state and general elections. The government reduced the price by 200 rupees ($2.42) on a 14.2-kilogram (33 pounds) cooking gas cylinder sold to 330 million …
India cuts prices of cooking gas as inflation bites Read More »
By Kashish Tandon and Manvi Pant BENGALURU (Reuters) -Maruti Suzuki India on Tuesday reiterated plans to double its production capacity to 4 million cars that would need an investment of at least 450 billion rupees ($5.4 billion) in the next eight years. The cost of doubling the production capacity might exceed depending on inflation, Chairman …
India’s Maruti Suzuki reaffirms production goals; names new CFO Read More »
By Rishika Sadam HYDERABAD (Reuters) – Skyroot Aerospace, which launched India’s first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country’s fledgling private space sector from the success of the Chandrayaan-3 moon mission. The Hyderabad-based company, backed by Singapore’s sovereign wealth fund, GIC, is …
India’s Skyroot expects to double rocket launches amid Chandrayaan-3’s success Read More »
BENGALURU (Reuters) – Shares of India’s Gokaldas Exports’ surged 20% to a record high on Tuesday, a day after it unveiled a deal that would help it ship apparel duty-free to its key market of the United States. Gokaldas’ shares, which have already more than doubled so far this year, jumped to an all-time high …
India’s Gokaldas hits record high on deal giving it cheaper US market access Read More »
BENGALURU (Reuters) – Byju’s Chief Business Officer, Prathyusha Agarwal, and two other senior executives have resigned as the struggling Indian ed-tech startup restructures its business and operations, a company spokesperson said on Tuesday. Agarwal had joined Byju’s in February 2022 from Zee Entertainment Enterprises. Two other business heads – Himanshu Bajaj and Mukut Deepak – …
Byju’s business head resigns amid reorganisation at Indian startup Read More »
