Tata Motors lobbies India not to lower EV import taxes as Tesla looms-sources

Tata Motors lobbies India not to lower EV import taxes as Tesla looms-sources

Tesla eyes India, market leader Tata wary-sources Tata pushing Indian officials to not lower EV taxes Tata worried about committed investment if taxes lowered NEW DELHI, Dec 7 (Reuters) – Tata Motors (TAMO.NS) is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, […]

India inflation likely rebounded in November on higher food prices

India inflation likely rebounded in November on higher food prices

Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing Rights Data due at 1200 GMT, Dec 12 BENGALURU, Dec 7 (Reuters) – India’s retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it […]

India plans to discourage ethanol production to prioritise sugar-sources

India plans to discourage ethanol production to prioritise sugar-sources

A labourer carries a sack filled with sugar in a store at a wholesale market in Kolkata, India, February 15, 2016. REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing Rights MUMBAI/NEW DELHI, Dec 6 (Reuters) – India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of […]

India’s TV18 Broadcast to merge with Network18 in $1.2 bln deal

India’s TV18 Broadcast to merge with Network18 in $1.2 bln deal

A van of media group Network18 is parked outside the Indian parliament in New Delhi July 16, 2014. REUTERS/Anindito Mukherjee/File Photo Acquire Licensing Rights BENGALURU, Dec 6 (Reuters) – India’s TV18 Broadcast (TVEB.NS) will merge with Network18 Media & Investments (NEFI.NS) in a $1.2 billion deal that will help the Reliance-owned companies expand their reach […]

India’s Paytm to curtail low-value personal loans after cenbank clampdown

India’s Paytm to curtail low-value personal loans after cenbank clampdown

A smartphone with the Paytm logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BENGALURU, Dec 6 (Reuters) – India’s Paytm (PAYT.NS) will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules […]

India swap market signals cenbank will differ from Fed’s rate-cut path

India swap market signals cenbank will differ from Fed’s rate-cut path

MUMBAI, Dec 6 (Reuters) – India’s overnight index swap market is signalling that the country’s central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year. The odds of the Fed’s first rate cut coming in March have risen to 63%, while the Reserve […]

India’s Ola Electric slashes sales targets ahead of planned IPO -document, sources

India’s Ola Electric slashes sales targets ahead of planned IPO -document, sources

Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights Ola sees 2023-24 sales 66% lower than previous estimate-document Ola aims now to turn profitable a year later in 2024-25-document Targets “toned down” after govt incentive cuts-sources […]

Indian govt seeks parliament nod for extra spending for FY24

Indian govt seeks parliament nod for extra spending for FY24

India’s Prime Minister Narendra Modi arrives on the first day of the five-day long special session in New Delhi, India, September 18, 2023. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI, Dec 6 (Reuters) – The Indian government on Wednesday sought parliament’s approval for additional spending of 1.29 trillion rupees ($15.48 billion) in the current […]

India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal

India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal

Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. Picture taken September 8, 2015. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI/HYDERABAD, Dec 6 (Reuters) – India’s health ministry has ordered a probe into Apollo Hospital Delhi, part of largest private hospital chain Apollo Hospitals (APLH.NS), after media […]