NEW DELHI (Reuters) – The Indian government has collected 5.2 trillion rupees in direct taxes from April 1 to July 9, it said in a statement. The figure is 15% higher than in the same period last year. Net tax collected by the government over the same period was 4.8 trillion rupees, the government said. …
MUMBAI (Reuters) – India’s Godrej Aerospace expects 1 billion Indian rupees ($12.10 million) in revenue from civil aviation business in its current financial year, associate vice president Maneck Behramkamdin said on Monday. The company is also in talks with some suppliers of Airbus and <Boeing BA.N> to manufacture aircraft parts, Behramkamdin told Reuters. ($1 = …
India’s Godrej Aerospace expects $12.1 million in civil aviation revenue Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s gas consumption is rising as global prices have eased, the chief executive of the country’s top gas importer said on Monday. Petronet LNG operates the country’s biggest liquefied natural gas (LNG) import terminal at Dahej in western India. The terminal has a capacity to import 17.5 million …
India’s top gas importer says local demand rising Read More »
By Subrata Nag Choudhury KOLKATA, India (Reuters) – At least 10 people were killed over the weekend in election-related violence in India’s West Bengal, an official said on Monday, disrupting the poll in a state that Prime Minister Narendra Modi’s party is seeking to regain after a 2021 defeat. State election commission official Nilanjan Shandilya …
At least 10 killed in poll-related violence in India’s West Bengal Read More »
BENGALURU/MUMBAI (Reuters) -An Indian tribunal on Monday dismissed an appeal by former Zee Group Chairman Subhash Chandra and Zee Entertainment CEO Punit Goenka to lift the markets regulator’s ban on the duo holding board positions in publicly listed companies. The Securities and Exchange Board of India (SEBI) issued the ban on June 12, alleging that …
Indian court dismisses plea by Zee’s ex-chairman, CEO over market regulator ban Read More »
BENGALURU (Reuters) – Engineering and construction major Larsen & Toubro on Monday said it struck an agreement with Spanish shipbuilder Navantia to bid for a submarine tender by the Indian Navy likely valued at more than 4.8 billion euros ($5.26 billion). Navantia and L&T first signed a memorandum of understanding in April to bid for …
L&T, Spain’s Navantia to jointly bid for $5-billion India submarine tender Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee, coming off its worst weekly performance in over a month, is expected to recover on Monday, helped by the decline in the dollar index and near-maturity Treasury yields after U.S. payrolls rose less than expected. Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to …
Rupee to get relief on dollar retreat after U.S. jobs data Read More »
BENGALURU (Reuters) – Indian shares are set for a subdued start on Monday after investors secured profits at near record-high levels in the previous session on U.S. rate concerns, ahead of the corporate earnings for the June quarter. India’s GIFT Nifty on the NSE International Exchange was down 0.15% at 19,428.50, as of 8:07 a.m. …
Indian shares set for muted open ahead of June quarter earnings Read More »
NEW DELHI (Reuters) – India’s trade minister will hold talks in the UK on a free trade deal with Britain and meet ministers from the European Free Trade Association from July 10 to 11, the Ministry of Commerce and Industry said on Sunday. Trade minister Piyush Goyal will meet with his UK counterpart, Kemi Badenoch, …
India to hold trade deal talks with UK, European nations on July 10-11 Read More »
NEW DELHI (Reuters) – HDFC Bank will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday. The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its …
