Reuters India Business

BENGALURU (Reuters) – India’s passenger vehicle sales are expected grow about 9%-10% in fiscal year 2024, roughly 20% above pre-pandemic peak levels, as strong demand and easing chip shortages prop-up the world’s fourth-largest car market, ratings agency Crisil said on Tuesday. Higher incomes and a strong order book driven by pent-up demand, especially for sport …

India’s passenger vehicle sales to grow 9%-10% in 2024 – Crisil Ratings Read More »

By Krishna N. Das NEW DELHI (Reuters) – An Indian court has sentenced two pharmaceutical company executives to two-and-half years in jail for exporting substandard drugs to Vietnam a decade ago, months after the WHO linked their cough syrups to the deaths of children in Gambia. India suspended production at Maiden Pharmaceuticals in October last …

Indian court orders jail for two Maiden executives for shoddy drugs Read More »

By Siddhi Nayak MUMBAI (Reuters) – Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders, a survey conducted by an industry body on behalf of the central bank showed, said two …

Indian banks unprepared for cenbank’s ESG push, survey shows -sources Read More »

By Munsif Vengattil NEW DELHI (Reuters) -Apple supplier Foxlink has halted production at its assembly facility in the southern Indian state of Andhra Pradesh after a massive fire led part of the building to collapse on Monday, two local government officials told Reuters. Foxlink, a unit of Taiwan’s Cheng Uei Precision Industry Co Ltd, makes …

Apple supplier Foxlink halts production at Indian facility after massive fire Read More »

NEW DELHI (Reuters) – India is likely to produce 33.5 million tonnes of sugar in the season to Sept. 30 this year, down 2.9% from the previous forecast of 34.5 million tonnes, a leading trade body said on Monday, after unfavourable weather hit cane yields. “The decline in production in Maharashtra and Karnataka is mainly …

Indian sugar trade body lowers 2022/23 output forecast by 2.9% Read More »