MUMBAI (Reuters) – India will earmark a record 75% of its defence capital procurement budget for the domestic industry in 2023-24, the country’s defence minister said on Wednesday. One trillion rupees ($12.1 billion), which was 75% of the country’s defence procurement budget was set aside for Indian companies this year, up from 68% last year, …
BENGALURU (Reuters) -Indian shares fell on Wednesday, led by a decline in tech stocks amid fears of a prolonged high-interest rate regime after data showed U.S. retail inflation remained sticky in January. The Nifty 50 index was down 0.01% at 17,929.50 as of 10:53 a.m. IST, while the S&P BSE Sensex fell 0.03% to 61,016.08. …
Indian shares fall as U.S. inflation data sparks rate hike fears Read More »
By Krishna N. Das and Kylie MacLellan NEW DELHI/LONDON (Reuters) -Indian tax officers searched the BBC’s bureaus in New Delhi and Mumbai on Tuesday, the British broadcaster said, weeks after the government banned as propaganda a BBC documentary critical of Prime Minister Narendra Modi’s role in riots in 2002. The documentary focused on the Hindu …
India tax officers search BBC offices weeks after critical Modi documentary Read More »
(Reuters) – India, the world’s fastest growing aviation market, has seen increased competition with a number of domestic and international carriers adding flights and destinations across the country. Air India on Tuesday placed landmark orders for 470 jetliners from Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group. The orders …
Factbox-Air India’s fleet versus major Indian and international carriers Read More »
BENGALURU (Reuters) – India’s PC Jeweller Ltd on Tuesday posted a narrower loss for the third quarter, helped by strong demand for gold during the festival and wedding seasons. Consolidated loss narrowed to 611.2 million rupees ($7.38 million) in the quarter ended Dec. 31, from a loss of 735.7 million rupees a year earlier. The …
India’s PC Jeweller reports narrower loss on festive demand Read More »
By M. Sriram MUMBAI (Reuters) -India will continue to be Blackstone Inc’s biggest market in Asia and the private equity giant may consider infrastructure investments there in the future, a top company executive said on Tuesday. The U.S-based firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing …
Blackstone says India top Asian market, eyes infra investments Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s 2023 wheat production is likely to rise 4.1% to a record 112.2 million tonnes, the government said on Tuesday, as higher prices prompted farmers to expand crop-growing areas with high-yielding varieties and the weather remained favourable. Higher wheat output could help the world’s second-biggest producer of the grain …
India to harvest record wheat, rapeseed crop in 2023 Read More »
By Bhakti Tambe MUMBAI (Reuters) – Two large companies within India’s embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months, instead of rolling them over as is normal, two merchant bankers and a company official directly familiar with the matter said. The …
Adani Group likely to repay short-term commercial paper borrowings – bankers Read More »
BENGALURU (Reuters) – Shares of India’s FSN E-Commerce Ventures Ltd, the parent of cosmetics-to-fashion retailer Nykaa, fell as much as 5.4% on Tuesday after higher costs sunk the company’s third-quarter consolidated net profit by more than 70%. Its stock fell the most in nearly a month, before easing to trade down about 3.9% at 144.35 …
By Sarah Mills LONDON (Reuters) – Indian director Shaunak Sen knew he had something special when making BAFTA and Oscar nominated documentary “All That Breathes”, but the 35-year-old filmmaker said it “barely… correlates with the scale” of the recognition he is getting. His film, about two brothers in Delhi who help care for birds that …
‘All That Breathes’ director Shaunak Sen ‘overwhelmed’ with award nods Read More »
