BENGALURU (Reuters) – Maruti Suzuki India, the country’s top car maker, on Tuesday hiked prices of its models by 0.45%, far lower than its hike in January last year, signalling a slowdown in the demand for its cars. Maruti and its peers had said towards the end of 2023 that they planned to hike prices …
India’s Maruti Suzuki hikes prices across models Read More »
MUMBAI (Reuters) – India’s Supreme Court halted on Tuesday plans for a survey of a centuries-old mosque to determine if it contained Hindu relics and symbols, just days before another key temple, built on a razed mosque, is set to be inaugurated. Prime Minister Narendra Modi will preside at Monday’s event centred on a temple …
India’s top court halts plans for survey of centuries-old mosque Read More »
By Rama Venkat BENGALURU (Reuters) -Shares of India’s Jio Financial Services (JFS) dropped more than 5% on Tuesday, a day after the company said its third-quarter profit more than halved sequentially, while some investors booked gains following a recent rally. JFS’ shares were down 5.3% in afternoon trade on Tuesday, on track for their worst …
India’s Jio Financial Services slides on weaker earnings, profit booking Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined on Tuesday, bogged down by the dollar’s rally on the back of higher U.S. Treasury yields and tepid risk. The rupee was at 82.9750 to the U.S. dollar at 11:02 a.m. IST, down from 82.88 in the previous session. The domestic currency’s decline was smaller …
Rupee dips, but remains in favour with most interbank traders Read More »
BENGALURU (Reuters) – S&P Global Ratings upgraded Vedanta Resources, the London-based parent of Indian miner Vedanta Ltd, on Monday, citing a more “manageable” debt maturity profile after a recent debt restructuring, which the rating agency blamed for a downgrade just days back. The rating agency raised its long-term issuer credit rating on Vedanta Resources from …
S&P upgrades Vedanta Resources just days after a downgrade Read More »
By Shivangi Acharya NEW DELHI (Reuters) – Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could have an impact on this month’s figures. Economists polled by Reuters had expected a merchandise trade …
India sees December exports boost, but all eyes on Red Sea Read More »
(Reuters) – India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a government notification on Monday. The cut will be effective from Jan. 16, the order said. On Jan. 2, the government had lifted the windfall tax on petroleum crude oil to 2,300 …
By Anjana Anil (Reuters) – Gold prices advanced on Monday, as the metal’s appeal was boosted by safe-haven demand owing to tensions in the Middle East, while markets raised bets that the Federal Reserve will cut rates as soon as March. Spot gold was up 0.2% at $2,052.10 per ounce, as of 10:34 a.m. ET …
Gold rises as safe-haven demand, rate cut bets keep prices elevated Read More »
NEW DELHI (Reuters) -Dense fog and cold enveloping large swathes of the northern part of India disrupted flights and train service in the country’s capital New Delhi for a second day on Monday. At least 463 flights leaving Delhi were delayed and 87 flights were cancelled on Monday, according to aviation website Flightradar24. More than …
Dense fog disrupts flights, trains in Indian capital Read More »
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in the Red Sea, industry officials said on Monday. Around 80% of India’s goods trade with Europe, estimated at nearly $14 billion a month, normally passes via …
Indian exporters face rising costs after Houthi Red Sea attacks Read More »
