Reuters India

By Praveen Paramasivam CHENNAI (Reuters) – India’s Tamil Nadu state said on Monday it had signed pacts totalling 6.64 trillion Indian rupees ($80 billion) in investments, ranging from Microsoft and suppliers to Apple to auto giants such as Hyundai Motor. Global manufacturers are counting on India as a major growth driver as they look to …

India’s Tamil Nadu hails $80 billion pledges from firms including Microsoft, Hyundai Read More »

By Sakshi Dayal NEW DELHI (Reuters) -India’s top court on Monday quashed the release of 11 Hindu men who had been jailed for life for gang-raping a pregnant Muslim woman and murdering her relatives during Hindu-Muslim riots in Gujarat state in 2002, a lawyer in the case said. The court directed the men to surrender …

India’s top court quashes release of men in Muslim woman’s gang-rape – lawyer Read More »

BENGALURU (Reuters) -India’s aviation regulator has increased the mandatory weekly rest period for flight crew to 48 hours from the previous 36 hours, the civil aviation ministry said on Monday, as it laid out a host of measures to address complaints of pilot fatigue. The revised regulations come months after the watchdog decided to conduct …

India raises rest period for flight crew among measures to avoid fatigue Read More »

(Reuters) -Japan’s Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, over a disagreement on who will lead the $10 billion entity, Bloomberg News reported on Monday. Sony plans to file a termination notice before the extended Jan. 20 deadline to …

Sony plans to call off $10 billion merger With India’s Zee – Bloomberg News Read More »

By Aditi Shah NEW DELHI (Reuters) – Mercedes Benz will invest $24 million in India this year and launch over a dozen new cars with a focus on pricier models that have seen strong demand from young, affluent Indians, a top executive said on Monday. More than half of Mercedes’ new launches in the world’s …

Mercedes lines up new investment and array of cars for India Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Inflows into India’s equity mutual funds rose in December, led by small-caps, while the net assets under management (AUM) climbed above 50 trillion rupees for the first time, data from the Association of Mutual Funds in India (AMFI) showed on Monday. While the mutual fund industry took almost 50 years …

Indian mutual fund assets top record 50 trillion rupees in Dec – data Read More »

(Reuters) -India’s fuel consumption rose to a seven-month high in December to about 20.054 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Total consumption, a proxy for oil demand, in December rose by 6.2% from 18.89 million tons in November. It was up around 2.6% compared …

India’s fuel demand hits seven-month high in December Read More »

NEW DELHI (Reuters) – India’s agricultural exports will rise in fiscal 2023/24 from last year despite curbs on wheat, rice and sugar, the nation’s trade minister said on Monday, amid efforts to diversify shipments. The world’s second-largest producer of wheat, rice and sugar, India restricted exports of these commodities last year in a bid to …

India’s agricultural exports to rise despite curbs on wheat, rice, sugar – minister Read More »