Reuters India Business

BENGALURU (Reuters) -India’s Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier’s ongoing insolvency, a newspaper advertisement showed on Monday. The process is in line with procedural requirements under Indian law. Two bankers aware of the developments told Reuters on Monday that they expect …

India’s Go First airline seeks investor interest as part of insolvency process Read More »

NEW DELHI (Reuters) – India’s trade minister will hold talks in the UK on a free trade deal with Britain and meet ministers from the European Free Trade Association from July 10 to 11, the Ministry of Commerce and Industry said on Sunday. Trade minister Piyush Goyal will meet with his UK counterpart, Kemi Badenoch, …

India to hold trade deal talks with UK, European nations on July 10-11 Read More »

NEW DELHI (Reuters) – HDFC Bank will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday. The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its …

HDFC Bank to sell 2% stake in NSDL IPO Read More »

By Yuvraj Malik (Reuters) – Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability …

AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm – sources Read More »

By Brijesh Patel (Reuters) – India’s fuel demand eased 3.7% in June month-on-month, government data showed on Friday, as monsoon rains restricted mobility in the world’s third-biggest oil consumer. Consumption of fuel, a proxy for oil demand, totalled 19.31 million tonnes in June, down from 20.06 million tonnes in May, data from the Petroleum Planning …

India’s fuel demand slips in June on monsoon lull Read More »

(Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker, which is owned by India’s Tata Motors, said wholesale volumes, excluding those …

Jaguar Land Rover expects Q1 free cash flow of over $500 million Read More »

BENGALURU (Reuters) -Indian drugmaker Cipla said on Friday its U.S. unit was recalling six batches of albuterol sulfate inhalation aerosol due to a “container defect”. “The company is initiating a recall in the U.S. due to a market complaint for one single inhaler, where leakage was observed through the inhaler valve,” the pharmaceutical company said …

US unit of India’s Cipla recalls six batches of bronchospasm inhaler Read More »

By Riddhima Talwani and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Restaurants of fast food chain McDonald’s have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply shortages and quality concerns after prices of the vegetable soared to records. In some regions, wholesale prices of the staple of traditional Indian …

McDonald’s drops tomatoes from India offerings, citing quality concerns as prices surge Read More »