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BENGALURU (Reuters) -India will take a medium-term view to intensify efforts to ease inflation pressures and avoid any knee-jerk reaction to transitory price increases, Business Standard newspaper reported on Thursday, citing Finance Secretary T V Somanathan. The government has taken a few measures to control inflation. The measures are ongoing and will be intensified, Somanathan …

India to take medium-term view to curb inflation – Business Standard Read More »

NEW DELHI (Reuters) – The Indian cabinet on Wednesday approved seven railway tracking projects worth 325 billion rupees ($3.91 billion) to improve connectivity and mobility across nine states, railway minister Ashwini Vaishnaw told reporters. ($1 = 83.2236 Indian rupees) (Reporting by Shilpa Jamkhandikar and Tanvi Mehta; editing by Christina Fincher)

By Rishika Sadam HYDERABAD (Reuters) – India’s Amara Raja Batteries plans to expand into the two-wheeler electric vehicle (EV) market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year, a top executive said. Amara Raja, which currently has customers only in the three-wheeler EV market, …

India’s Amara Raja Batteries to expand into two-wheeler market to power growth Read More »

NEW DELHI (Reuters) -India on Wednesday approved plans for a nearly 580 billion rupee ($7 billion) scheme to deploy 10,000 electric buses in 169 cities over a decade, along with charging and associated infrastructure facilities. The federal government will fund 200 billion rupees of the cost of the scheme, based on a public-private partnership model, Information Minister …

India approves $7 billion plan for electric buses in nearly 170 cities Read More »

(This Aug. 3 story has been corrected to say that India could overtake ‘Japan and Germany’ not ‘Japan and China’ in paragraph 6) By Manoj Kumar NEW DELHI (Reuters) – S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.7% to March 2031, driven by manufacturing and services …

S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges Read More »

By Nidhi Verma NEW DELHI (Reuters) – Indian state retailers’ gasoline and diesel sales fell in the first half of August from the previous month and a year ago, preliminary sales data showed on Wednesday, as industrial activity and mobility was hit due to monsoon rains. Fuel demand in India, the world’s third-biggest oil importer …

India fuel sales slow due to monsoon rains – prelim data Read More »

(Reuters) – Shares of Interglobe Aviation dropped 3.2% in early trade on Wednesday, a day after a report said the family of IndiGo’s co-founder Rakesh Gangwal would sell shares worth up to $450 million via a block deal. IndiGo did not respond to a Reuters request for comment. (Reporting by Ashna Teresa Britto; Editing by …

India’s Indigo down on report co-founder’s family to sell stake of up to $450 million Read More »

By Raphael Satter WASHINGTON (Reuters) -Former Wall Street Journal reporter Jay Solomon has ended his lawsuit against Dechert LLP and two of its former partners, saying in a filing made public late on Monday that he was voluntarily dismissing his claims against the law firm. Solomon sued Dechert and several others last year, alleging that …

Former WSJ reporter ends Indian hacker lawsuit against Dechert Read More »