By Aditi Shah GREATER NOIDA, India (Reuters) – Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s …
Tata considers India, Europe for EV cell manufacturing plants Read More »
BENGALURU (Reuters) – Indian IT services company HCLTech Ltd on Thursday reported a higher-than-expected profit for the December quarter helped by strong deal wins, but lowered its full-year revenue view citing seasonal challenges in the fourth quarter. The company said it won 17 large orders across its services and software segments for the quarter ended …
India’s HCLTech beats Q3 profit on strong deal wins Read More »
By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) -The Indian government’s borrowing will likely hit a record high next fiscal year, as it prioritises growth, which could push bond yields higher, ICICI Bank’s treasury head told Reuters on Thursday. The government will likely borrow 15.75 trillion rupees ($193 billion) in the fiscal year starting April, …
Indian govt’s record borrowing in FY24 to push bond yields higher- ICICI Bank’s Prasanna Read More »
By Nimesh Vora MUMBAI (Reuters) – Low forward premiums on the Indian rupee, triggered by a narrower interest rate differential between the U.S. and India, will make it difficult for the currency to rise much above current levels against the dollar, two bankers told Reuters. The U.S. Federal Reserve’s aggressive rate-hike cycle relative to the …
Indian rupee upside limited by low forward premiums – bankers Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Google has been jolted after the Indian antitrust authority sought changes to how it markets its Android system, which powers 97% of smartphones in the world’s second biggest mobile market. As a Jan. 19 deadline approaches, the U.S. firm has asked the Supreme Court to …
Factbox-India’s antitrust directives on Android that have spooked Google Read More »
By Rajendra Jadhav and Aftab Ahmed MUMBAI/NEW DELHI (Reuters) -India’s gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as a rally in local prices near record high dampened demand, two government sources told Reuters on Thursday. Lower imports by the world’s …
India’s Dec gold imports plunge 79% as price rise dents demand – sources Read More »
NEW DELHI (Reuters) -India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursday. The working group will initially focus on trade facilitation, digitization of customs procedures, issues related to mobilization of sustainable finance and scaling up …
India, U.S. establish new trade group to bolster supply chains Read More »
By Nidhi Verma NEW DELHI (Reuters) -Trafigura has sold its 24.5% stake in Russia-backed Indian refiner Nayara Energy to a Rome-based energy investment group, following on from a deal on Monday where a group of firms backed by the commodity trading company agreed to buy Lukoil’s Italian refinery. Trafigura said it had completed the sale …
Trafigura sells out of Russia-backed Indian refiner Nayara Energy Read More »
By Seher Dareen (Reuters) – Gold prices held steady after touching an eight-month peak on Wednesday as investors positioned themselves ahead of U.S. inflation data that could influence the Federal Reserve’s policy path. Spot gold was steady at $1,877.51 per ounce by 1:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.1% at $1,878.9. …
Gold off 8-month highs as markets brace for U.S. inflation data Read More »
By Aditi Shah and Praveen Paramasivam GREATER NOIDA, India (Reuters) – Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on Wednesday, as it looks to cement its lead as the top selling electric vehicle (EV) company in India. The carmaker will also offer …
Tata Motors looks to expand electric car portfolio, add pricier models Read More »
