By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric …
Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s net government borrowing in the next fiscal is likely to remain largely unchanged, a treasury official at Standard Chartered said, adding nearly a fifth of the supply may be absorbed by foreign investors who could invest $25 billion-$30 billion in government debt. “Central government (is expected) to target …
StanChart sees Indian government’s net borrowing unchanged in FY25 Read More »
HONG KONG (Reuters) – Hong Kong’s financial chief ruled out the introduction of a capital gains tax for the foreseeable future, South China Morning Post reported on Wednesday, amid concerns such a tax would add to pressures on the weak property market. Financial Secretary Paul Chan, who was attending the World Economic Forum in Davos, …
Hong Kong finance chief rules out capital gains tax for ‘foreseeable future’- SCMP Read More »
BANGKOK (Reuters) – Thailand’s jailed former Prime Minister Thaksin Shinawatra qualifies for release on parole next month due to his age and health, a corrections department official said on Wednesday. Billionaire Thaksin, 74, was hospitalised with high blood pressure and chest tightness within hours of his dramatic return to Thailand in August from 15 years …
Jailed Thai ex-PM Thaksin qualifies for parole next month Read More »
SINGAPORE (Reuters) – China’s Sinopec Corp said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in southwest Sichuan basin. The new reserve, certified by the Ministry of Natural Resources, marks the birth of yet another sizeable tight gas field as …
Sinopec says more deep tight-gas reserve certified in Sichuan basin Read More »
MANILA (Reuters) – The Philippines’ defense secretary on Wednesday accused a Chinese foreign ministry official of insulting President Ferdinand Marcos Jr during a news briefing, stooping to what he called “low and gutter-level talk.” Defense Secretary Gilberto Teodoro in a statement also accused spokesperson Mao Ning of “spouting state-sanctioned propaganda and disinformation”. Teodoro was reacting …
Philippines defence minister calls out China official for “gutter-level talk” Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s Jindal Power has offered 42.03 billion rupees ($505.77 million) for a distressed coal-fired power plant, the company told the insolvency court on Wednesday, topping an offer made by billionaire Gautam Adani’s power firm. Adani Power had last month quoted 41 billion rupees ($493.38 million) for the …
India’s Jindal Power offers 42.03 billion rupees for distressed coal-fired power plant Read More »
NEW DELHI (Reuters) – India expects to pay incentives worth 110 billion rupees ($1.32 billion) to private companies this fiscal year ending March for their investments to boost local manufacturing, a trade ministry official said on Wednesday. The government has already paid incentives worth 44.15 billion rupees under the production-linked scheme, senior trade ministry official …
India to pay incentives worth $1.32 billion under manufacturing scheme this year Read More »
By Josh Ye BEIJING (Reuters) -China’s industry ministry on Wednesday issued draft guidelines for standardising the artificial intelligence (AI) industry, it said in a statement posted on the ministry’s website. The draft proposes to form more than 50 national and industry-wide standards for AI by 2026. It also said China aimed to participate in forming …
China issues draft guidelines for standardising AI industry Read More »
BENGALURU (Reuters) -India’s top paintmaker Asian Paints reported a larger-than-expected rise in third-quarter profit on Wednesday, helped by strong sales in its mainstay decorative business. Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing, surpassing analysts’ expectations of 14.04 billion rupees …
India’s Asian Paints tops Q3 profit view on strong decorative business Read More »
