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By Tim Hepher and Aditi Shah PARIS/DELHI (Reuters) – India’s fast-growing airline industry faces higher leasing bills and growing hesitation from financiers after foreign lessors were blocked from recovering jets caught up in the bankruptcy of Go First, the head of leasing giant AerCap told Reuters. An Indian tribunal last month granted a request from …

AerCap says jet recovery dispute will hit Indian airline costs Read More »

CAPE TOWN (Reuters) – The BRICS Summit of heads of state will be held in Johannesburg in August, Foreign Minister Naledi Pandor said on Thursday, after speculation that it could be held elsewhere. (Reporting by Wendell Roelf and Nellie Peyton; Writing by Bhargav Acharya)

NEW DELHI (Reuters) – India’s goods and services tax (GST) collections rose 12% year-on-year to 1.57 trillion rupees ($19.06 billion) in May, a government statement showed on Thursday. The government collected 1.41 trillion rupees as GST in May 2022 and a record 1.87 trillion rupees in April. It expects to garner 9.56 trillion rupees through …

India’s goods and services tax receipts rise 12% y/y in May Read More »

By Nandan Mandayam BENGALURU (Reuters) – Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country’s top SUV maker by market share, reported a …

India clocks robust SUV sales in May, two-wheeler volumes rise Read More »

By Muyu Xu SINGAPORE (Reuters) – Russian crude oil imports by China and India in May hit an all-time high as buyers gorged on discounted supplies, reducing demand for oil from the Middle East and Africa, according to preliminary assessments from ship trackers. The jump in Russian supplies comes ahead of a meeting between the …

China, India receive record Russian crude oil in May -data Read More »

VATICAN CITY (Reuters) – Pope Francis has accepted the resignation of Franco Mulakkal as bishop of Jalandhar in northern India, who was acquitted last year of repeatedly raping a nun over a two year period. The Vatican announced the decision on Thursday, without giving any further information. Mulakkal, 59, was appointed bishop of the Diocese …

Pope accepts resignation of India bishop accused of rape Read More »

By Amlan Chakraborty NEW DELHI (Reuters) – The Indian Premier League’s (IPL) stature as the world’s top Twenty20 competition is secure despite the emergence of similar franchise-based tournaments around the world, its chairman Arun Singh Dhumal told Reuters. The IPL, with an estimated brand value of $8.4 billion, continues to attract the world’s top players …

Cricket-IPL chairman sees no threat from new T20 leagues Read More »

By Anant Chandak BENGALURU (Reuters) – India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea …

India’s May factory activity grows at fastest pace since Oct 2020 Read More »