NEW DELHI (Reuters) – A small IT company in the central Indian city of Indore has come up with an unusual way to ensure its employees maintain a healthy work-life balance – by creating software to remind them when their shift is up and it is time to head home. Softgrid Computers’ software is equipped …
Please go home! Indian firm deploys software for work-life balance Read More »
BENGALURU (Reuters) – India’s Adani Cement, part of the embattled Adani Group of companies, on Monday said its ACC and Ambuja Cements businesses will resume operations at two plants in the Himachal Pradesh after resolving issues over freight rates. All stakeholders have amicably resolved the issues on freight rates in the state of Himachal Pradesh, …
Adani Cement’s ACC and Ambuja to resume Himachal Pradesh operations Read More »
By Aditi Shah NEW DELHI (Reuters) -Uber Technologies said on Monday it will introduce electric vehicles (EVs) in India for ride-sharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce 25,000 EVs over three years, Uber is stepping up …
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BENGALURU (Reuters) -Indian shares fell on Monday after U.S. export prices data last week stoked fresh fears that the Federal Reserve would keep interest rates higher for longer, while investors waited for minutes of the Fed’s meeting due on Wednesday. The Nifty 50 index closed 0.56% lower at 17,844.60, while the S&P BSE Sensex fell …
By Chris Thomas and Meenakshi Maidas BENGALURU (Reuters) -The Indian government has opposed Hindustan Zinc Ltd’s $2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal’s plans to trim down the mining giant’s $7.7 billion net debt. The government, which owns a nearly 30% stake in …
India opposes Vedanta’s $3 billion zinc assets sale, rekindling debt worries Read More »
By Nikunj Ohri NEW DELHI (Reuters) -The Indian government and the central bank are taking steps to control inflation, Finance Minister Nirmala Sitharaman said on Monday, as retail prices have again risen above comfort levels. Among other moves, the government has increased the import of edible oil as required to rein in inflation and provided …
India will continue with efforts to curb inflation – finance minister Read More »
A look at the day ahead in European and global markets from Anshuman Daga Asian shares edged up from their lowest levels in about one month but trading was slow ahead of minutes of the last Federal Reserve meeting and a reading on core inflation, with rising interest rates still seen as a risk for …
By Nidhi Verma NEW DELHI (Reuters) -India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December, with Moscow still the top monthly oil seller to New Delhi, followed by Iraq and Saudi Arabia, data from trade sources showed. Last month Russian oil accounted for about …
India’s Russian oil imports surge to a record in January – trade Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -An Indian investigating agency has accused French spirits group Pernod Ricard in court documents of illegally making profits in India of $23 million by giving false price information and conspiring in an email campaign to sway New Delhi city’s liquor policy. The latest accusations against Pernod …
Indian agency accuses Pernod Ricard of more policy violations – documents Read More »
CHENNAI (Reuters) – SoftBank Group-backed Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn …
Ola plans $920 million India investment in electric cars, batteries Read More »
