Reuters India

By Aditya Kalra NEW DELHI (Reuters) – An Indian antitrust investigation has concluded there was no price collusion between the domestic units of delivery companies DHL, United Parcel Service and FedEx, according to three sources and a document seen by Reuters.  The Competition Commission of India (CCI) ordered an investigation in 2022 into more than …

India probe clears DHL, FedEx, UPS of price collusion allegations, document shows Read More »

(Reuters) -India’s top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor – a joint venture between SAIC …

Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India Read More »

By Anushree Fadnavis and Sakshi Dayal SHAMBHU, India (Reuters) – Indian police used tear gas and pepper spray against dozens of farmers who began marching from Punjab state along a key highway to Delhi on Friday to demand better prices for their crops. The confrontation took place just over 200 km (125 miles) north of …

Police prevent Indian Punjabi farmers marching to Delhi to demand better prices Read More »

NEW DELHI (Reuters) -Indian police used tear gas and pepper spray on Friday to stop dozens of farmers who were trying to reach Delhi from the northern breadbasket state of Punjab to press a series of demands.  Here is a look at why farmers are marching to the capital again. WHAT ARE FARMERS DEMANDING?  Farmers …

Explainer-Why farmers are protesting in India Read More »

By Praveen Paramasivam TIRUNELVELI, India (Reuters) – Tata Power’s newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially. Tata Power, one of India’s leading integrated power companies, has built a new …

India’s Tata Power prefers domestic market over lucrative solar exports, CEO says Read More »

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the central bank cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions. The NSE Nifty 50 settled 0.12% lower at 24,677.8, while the BSE Sensex …

Indian benchmarks log best week in 6 months as cenbank boosts liquidity Read More »

MUMBAI (Reuters) – The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold for the first time in more than four years, effectively easing monetary conditions as economic growth slows. The monetary policy committee kept the key lending …

Changes to India’s cash reserve ratio since 1992 Read More »