By Aditi Shah and Tim Hepher DELHI/PARIS (Reuters) -European planemaker Airbus is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. The deal, roughly split with rival Boeing, covers …
Airbus to win 235 single-aisle jet order under Air India relaunch -sources Read More »
NEW DELHI (Reuters) -Air India has been fined 3 million Indian rupees ($37,000) for its handling of an unruly passenger on one of its flights in November, India’s aviation regulator said on Friday. The licence of the pilot-in-command on the New York-New Delhi flight, where the incident took place, was also suspended for three months …
Regulator fines Air India $37,000 for unruly passenger incident Read More »
NEW DELHI (Reuters) – The Indian government may find it difficult to maintain its current growth momentum in direct taxes in the next fiscal year as economic growth is expected to slow, a government official said on Friday. Finance Minister Nirmala Sitharaman will present the Union Budget on Feb. 1, which will include projections for …
India’s direct tax growth momentum may be tough to sustain in FY24- govt source Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator will adopt a principles-based, rather than prescriptive, approach in its first set of rules, expected over the next few months, for rating a company on environment, social and governance (ESG) issues, two sources said. The move by the Securities and Exchange Board of India (SEBI) …
India regulator opts for principles-backed approach on ESG ratings -sources Read More »
By Praveen Paramasivam CHENNAI (Reuters) -Shares of consumer goods major Hindustan Unilever (HUL) fell 4.3% on Friday as a deal to pay its UK parent higher royalty fees overshadowed a bigger-than-expected rise in quarterly profit. HUL said the royalty and central services fees it pays its majority owner Unilever would increase to 3.45% of turnover …
Unilever’s India unit shares slip on higher royalty fees Read More »
BENGALURU (Reuters) – Indian food delivery firm Swiggy on Friday said it will lay off 380 employees, citing challenging macroeconomic conditions and slowdown in growth of its food delivery business, according to an internal document seen by Reuters. (Reporting by Nandan Mandayam in Bengaluru)
MUMBAI (Reuters) – India’s Birla Group Holdings plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Thursday. The company will offer a yield of 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far, they said. The notes …
Birla Group Holdings to issue 3-month CP – traders Read More »
By Seher Dareen (Reuters) – Gold prices rose over 1% on Thursday, supported by a weaker dollar and some safe-haven demand as weak U.S. economic readings and hawkish comments from Federal Reserve officials fuelled recession worries. Spot gold shot up 1.1% to $1,924.09 per ounce by 1:52 a.m. ET (1852 GMT), close to its 9-month …
Gold rises over 1% on tepid U.S. dollar, safe-haven inflows Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -World stocks fell on Thursday as global recession worries mounted with U.S. Federal Reserve officials maintaining a hawkish stance, while the dollar declined against the Japanese yen. Boston Fed President Susan Collins said the Fed will probably need to raise interest rates to “just above” 5% and hold them …
Stocks fall, dollar weaker vs yen; recession worries mount Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee eased on Thursday, tracking its Asian emerging market counterparts which declined after a batch of weak U.S. data stoked worries about a slowdown in the world’s top economy. The partially convertible rupee finished at 81.36 per U.S. dollar, compared to its Wednesday close of 81.24. The …
Rupee falls alongside Asian peers, more U.S. data eyed Read More »
