NEW DELHI (Reuters) -India’s navy said on Thursday that it responded to a drone attack distress call from a Marshall Islands-flagged vessel in the Gulf of Aden and that the ship’s crew were safe, with a fire on board under control. The distress call from MV Genco Picardy was issued late on Wednesday and the …
Indian Navy says crew of vessel attacked in Gulf of Aden is safe Read More »
BENGALURU (Reuters) – India overcame Afghanistan in a second Super Over in a heart-stopping T20 International to complete a 3-0 series sweep on a night of high drama on Wednesday. The home side had bagged the series with back-to-back wins in Mohali and Indore, rendering the result of the match at M Chinnaswamy Stadium academic. …
Cricket-India overcome Afghanistan in Super Over drama to sweep T20 series Read More »
NEW DELHI (Reuters) – India has cancelled the New Delhi-based Centre for Policy Research’s (CPR) licence to obtain international funding, the interior ministry said on Wednesday, just under a year after it suspended the permit on the grounds the think tank had broken the rules on grants. Thousands of civil society groups in India have …
India cancels independent policy think tank’s funding licence Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India is holding diplomatic talks with Iran and taking other measures to help shield its exporters from the impact of attacks on ships in the Red Sea by the Iran-aligned Houthi group in Yemen, a government source said on Wednesday. The attacks have slowed trade between Asia and …
India holding talks with Iran over Houthis’ Red Sea attacks – government source Read More »
By Neha Arora NEW DELHI (Reuters) – India’s government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world’s largest iron ore consumer, three sources with direct knowledge said. The government has instead asked NMDC, India’s largest state-owned iron ore miner, to focus on domestic …
India rejects iron ore miner NMDC’s proposal for China exports -sources Read More »
By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric …
Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s net government borrowing in the next fiscal is likely to remain largely unchanged, a treasury official at Standard Chartered said, adding nearly a fifth of the supply may be absorbed by foreign investors who could invest $25 billion-$30 billion in government debt. “Central government (is expected) to target …
StanChart sees Indian government’s net borrowing unchanged in FY25 Read More »
NEW DELHI (Reuters) – India expects to pay incentives worth 110 billion rupees ($1.32 billion) to private companies this fiscal year ending March for their investments to boost local manufacturing, a trade ministry official said on Wednesday. The government has already paid incentives worth 44.15 billion rupees under the production-linked scheme, senior trade ministry official …
India to pay incentives worth $1.32 billion under manufacturing scheme this year Read More »
BENGALURU (Reuters) -India’s top paintmaker Asian Paints reported a larger-than-expected rise in third-quarter profit on Wednesday, helped by strong sales in its mainstay decorative business. Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing, surpassing analysts’ expectations of 14.04 billion rupees …
India’s Asian Paints tops Q3 profit view on strong decorative business Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes posted their worst session in 19 months on Wednesday, led by a slide in top private lender HDFC Bank after its quarterly results. The blue-chip NSE Nifty 50 shed 2.09% to 21,571.95, while the S&P BSE Sensex lost 2.23% to 71,500.76. Both indexes posted their biggest single-day …
HDFC Bank sparks worst day for India’s Nifty, Sensex since June 2022 Read More »
