Reuters India - Squid Business

India-Maldives row escalates, agency suspends flight bookings to islands

COLOMBO/NEW DELHI (Reuters) – One of India’s largest travel platforms suspended flight bookings to the tourism-dependent Maldives on Monday after disparaging social media posts against Indian Prime Minister Narendra Modi embittered relations between the South Asian neighbours. India and Russia send the largest number of visitors to the Maldives, a chain of sun-kissed islands in …

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India’s Vistara confident it will receive last Boeing 787 by April

By Nandan Mandayam BENGALURU (Reuters) -Indian airline Vistara said on Monday it was confident of receiving its last 787 wide-body jet from Boeing by March or April, despite a recent incident on a narrow-body 737 MAX 9 that lost part of its fuselage. “We will hit a fleet size of 70 aircraft by March or …

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India’s Adani Green plans to redeem $750 million bonds due Sept

MUMBAI (Reuters) – India’s Adani Green Energy Ltd said on Monday it plans to redeem $750 million worth of notes due on Sept. 9, eight months before they mature. The company, part of billionaire Gautam-Adani’s ports-to-power conglomerate, said it will pay $169 million from its reserves and internal accruals, and $300 million from the consideration …

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India’s Tamil Nadu in $4.4 billion deals with investors such as Tata, Pegatron

By Praveen Paramasivam CHENNAI (Reuters) -India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday. Apple is counting on India as the next big driver of its growth as …

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Vietnam’s VinFast to set up $500 million EV facilities in India

HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world’s third-largest vehicle market. VinFast and the southern state of Tamil Nadu agreed to work toward an investment of up to $2 billion, with …

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India ISRO’s Aditya-L1 solar mission reaches destination

By Nivedita Bhattacharjee BENGALURU (Reuters) – The Indian Space Research Organisation’s inaugural solar mission, Aditya-L1, has reached its destination within the anticipated four-month timeframe, Prime Minister Narendra Modi said on Saturday. Launched on Sept. 2, the spacecraft positioned itself at Lagrange Point 1, from where it will undertake a comprehensive study of the sun, focusing …

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Indian regulator orders aircraft inspections following Alaska Airlines incident – ANI

NEW DELHI (Reuters) – India’s aviation regulator on Saturday ordered an inspection of all Boeing 737-8 Max aircraft owned by domestic operators after a cabin panel blowout forced a new Alaska Airlines airplane to make an emergency landing in the United States, news agency ANI reported. The California-bound Boeing 737-9 Max aircraft operated by Alaska …

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Motor racing-Formula E cancels Hyderabad race

(Reuters) – The all-electric Formula E world championship said on Friday it had cancelled a race in the Indian city of Hyderabad due to breach of contract by local authorities. The series said in a statement the Municipal Administration and Urban Development Department (MAUD), controlled by the government of Telangana state, had decided “not to …

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India orders new drug-making standards after overseas deaths

NEW DELHI (Reuters) – Indian pharmaceutical companies must meet new manufacturing standards this year, according to a government notification released on Saturday, although small companies have asked for a delay, citing their debt load. Jolted by a string of overseas deaths linked to Indian-made drugs since 2022, Prime Minister Narendra Modi’s government has stepped up …

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Exclusive-India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion

By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service and FedEx, for alleged collusion on discounts and tariffs, documents seen by Reuters showed. It is the latest such scrutiny for the logistics industry, some dating back to 2015, …

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