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By Milounee Purohit BENGALURU (Reuters) – Indian consumer spending during this year’s festival season will be slightly better than in 2022, said economists polled by Reuters, but probably not enough to ramp up the speed of what is already the world’s fastest-growing major economy. The broadly optimistic survey data, taken together with expectations for 6.3% …

India’s festival season to bring some cheer to economy, say economists – Reuters Poll Read More »

MUMBAI (Reuters) – India’s financial capital of Mumbai has asked construction sites to use barricades and banned the burning of garbage in open grounds in a bid to combat worsening air quality, according to a government notification on Wednesday. The move comes two days after Swiss group IQAir rated Mumbai with an air quality index …

Mumbai issues guidelines to construction industry amid worsening air quality Read More »

(Reuters) -India will resume some visa services in Canada with effect from Oct. 26, its High Commission said on Wednesday, in a move that could reduce tensions caused by the murder of a Sikh separatist leader in Canada. India last month suspended new visas for Canadians and asked Canada to reduce its diplomatic presence after …

India to resume some visa services in Canada Read More »

BENGALURU/CHENNAI (Reuters) -Jubilant FoodWorks, which operates Domino’s restaurants in India, reported a smaller-than-expected 26% fall in quarterly earnings on Wednesday, helped by its move to cut costs and launch cheaper pizzas to attract consumers. Consumer goods makers and restaurants in India have been launching more affordable products — with lower input costs — to keep …

Domino’s India franchisee beats Q2 profit estimates as cheaper pizzas help demand Read More »

BENGALURU (Reuters) -India’s GMR Airports and its affiliates will buy an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad’s unit, the company said in a statement on Wednesday. GMR Aiports holds a 63% stake in GMR Hyderabad International Airport (GHIAL). The acquisition will raise its stake to 74%. Airports Authority …

India’s GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport Read More »

BENGALURU (Reuters) -Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday. Disney has been exploring options to sell or find a partner for its India assets, …

Disney nears deal to sell $10-billion valued India business to Reliance -Bloomberg News Read More »