Reuters India Business

(Reuters) – Brazilian planemaker Embraer sees India, Saudi Arabia and the European Union as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday. India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging …

Brazil’s Embraer sees India, Saudi Arabia, EU as strategic markets for defense unit Read More »

BENGALURU (Reuters) – India’s Zee Entertainment Enterprises said on Tuesday that Chief Financial Officer Rohit Gupta has resigned due to personal reasons and named company veteran Mukund Galgali as acting CFO. Gupta spent nearly six years at the broadcaster. Galgali, the head of Zee’s commercial and strategic initiatives, has been with the group for 17 …

India’s Zee Entertainment says finance chief Gupta resigns Read More »

BENGALURU (Reuters) -Vodafone Group will sell about 10% stake in India’s Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm’s efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus …

Vodafone to sell 10% stake in India’s Indus Towers for up to $1.1 billion, term sheet shows Read More »

NEW DELHI (Reuters) – The Indian government’s net direct tax collection rose 21% year on year to 4.63 trillion rupees ($55.52 billion) from April 1 to June 17, it said in a statement on Tuesday. On a gross basis, tax collection before refunds grew more than 22% year on year to 5.16 trillion rupees, the statement …

Indian government’s direct tax collection rises 21% y/y in April-June Read More »

By Jaspreet Kalra MUMBAI (Reuters) – India should avoid “adventurism” and continue to focus on bringing down inflation towards the target of 4% despite the growing clamour to signal a pivot in monetary policy, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. “At this point there is again clamour that one should change …

India must avoid ‘adventurism’, focus on bringing down inflation, cenbank chief says Read More »

LONDON (Reuters) – More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey. Demand for gold from …

More central banks to increase gold reserves within 12 months, WGC survey finds Read More »