By Nidhi Verma NEW DELHI (Reuters) – India will not need to buy fertiliser from the spot markets to meet local demand in the summer sown crop season starting from April, the country’s fertilisers minister said on Wednesday. “There will be no shortages of fertilisers in the kharif season. We have adequate stocks, and our …
India has adequate fertiliser stocks for summer-sown crops- minister Read More »
BENGALURU (Reuters) -India is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch the government 28.67 billion rupees ($347.16 million), an exchange filing showed on Wednesday. So far, the government has mopped up 311.1 billion rupees by selling its shares in …
Indian govt proposes to sell up to 3.5% stake in defence firm HAL Read More »
BENGALURU (Reuters) – Indian two-wheeler maker Hero MotoCorp Ltd said on Wednesday it would raise prices on select models of motorcycles and scooters by about 2% from April as it grapples with increased costs to meet new emission norms. India will be implementing Bharat Stage 6 regulations from next month that require automakers to fit …
India’s Hero MotoCorp to raise prices on select models Read More »
BENGALURU (Reuters) – Indian automaker Tata Motors said on Tuesday that it will raise prices of commercial vehicles by up to 5%, its second hike in four months, to ensure its vehicles comply with new emission norms. The price increase, starting from April 1, will be applied across the entire range of commercial vehicles, with …
India’s Tata to hike commercial vehicle prices for second time in 2023 Read More »
MUMBAI (Reuters) – Indian lenders are capable of enduring any potential contagion effects emanating from the U.S. banking turmoil and UBS’s recent takeover of embattled Swiss lender Credit Suisse given their manageable exposures to their global counterparts, S&P Global Ratings said on Tuesday. “Strong funding profiles, a high savings rate, and government support are among …
Indian banks can endure global banking turmoil fallout-S&P Read More »
By Swati Bhat MUMBAI (Reuters) – India’s economy is gathering steady pace and is unlikely to face major repercussions from the recent global financial turmoil, the Reserve Bank of India said in its bulletin released on Tuesday. “Unlike the global economy, India would not slow down – it would maintain the pace of expansion achieved …
India central bank optimistic on growth, sees no big hit from bank turmoil- bulletin Read More »
By Krishn Kaushik NEW DELHI (Reuters) – Indian police have launched a hunt for a Sikh preacher who has revived talk of an independent Sikh homeland and stoked fears of a return to violence that killed tens of thousands of people in 1980s and early 1990s. Police in the northwestern state of Punjab, where Sikhs …
India hunts Sikh preacher who has revived calls for homeland Read More »
By Tanvi Mehta NEW DELHI (Reuters) – The head of Emirates said Indian airlines would lose financially as a result of traffic quotas between India and the United Arab Emirates, which the Dubai carrier believes should be increased. The United Arab Emirates has asked India’s government to approve 50,000 extra seats between the UAE and …
Emirates head says air traffic curbs hurt Indian airlines Read More »
BENGALURU (Reuters) – The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan’s Foxconn. The investment will lead to the creation of 50,000 jobs, the government said in a statement on Monday. Foxconn, the world’s largest contract electronics manufacturer, has been in …
India’s Karnataka govt approves $968 million investment from Foxconn unit Read More »
By Kanishka Singh WASHINGTON (Reuters) – The annual U.S. report on human rights practices released on Monday listed “significant human rights issues” and abuses in India, including reported targeting of religious minorities, dissidents and journalists, the U.S. State Department said. The findings come nearly a year after Secretary of State Antony Blinken said the U.S. …
US report lists ‘significant human rights’ abuses in India Read More »
