(Reuters) – Hyundai Motor India said on Thursday it would hike prices across all its models by up to 25,000 rupees ($295.07), as the newly-listed automaker seeks to mitigate the impact of rising costs. The price increase will come into effect from Jan. 1, 2025, the country’s No.2 carmaker by market share said. “With the …
Hyundai Motor India to hike prices across models amid higher costs Read More »
By Nidhi Verma NEW DELHI/MOSCOW (Reuters) – Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. The change reverses a trend of …
By Anjana Anil (Reuters) – Gold surged to a record high on Monday while silver struck a near 12-year peak, as growing uncertainties surrounding the U.S. presidential election and the Middle East war added to gold’s rally already fueled by expectations of interest rates easing. Spot gold gained 0.7% to $2,739.50 per ounce, as of …
Gold hits record high as US election, Mid-East jitters fuel rush to safety Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s top policy think tank has proposed halting the fitting of equipment to cut sulphur emissions at coal-fired power plants, according to a document seen by Reuters, reigniting debate over the country’s commitment to cleaning its dirty air. Air pollution levels in India are among the highest …
Indian policy body calls for power plants to pause installing sulphur reducing gear Read More »
By Rajendra Jadhav and Mayank Bhardwaj NEW DELHI (Reuters) – Indian buyers do not expect supplies of Canadian lentils and potash to be affected by the diplomatic row between New Delhi and Ottawa, trade, industry and government officials said. Lentils and potash supplies from Canada have been steady, they said. Ties between India and Canada …
Indian buyers expect no disruption in Canadian lentil, potash supplies Read More »
By Sethuraman N R (Reuters) – India is planning to establish a coal exchange which will aim to stabilize prices of the fuel and improve its availability, the country’s coal minister G. Kishan Reddy said at an industry event on Monday. “Last week we took a briefing on setting up coal exchange,” Minister added but …
India to launch coal exchange soon, minister says Read More »
By Swati Bhat MUMBAI (Reuters) – Aggregate demand in India is likely to shrug off the temporary slowdown in momentum seen in the second quarter as festive demand picks up pace and consumer confidence improves, the central bank said on Monday. “Rural demand is expected to get a boost from the improved agricultural outlook. Private …
India demand slowdown temporary, festive season to aid, cenbank says in bulletin Read More »
By Hritam Mukherjee and Manvi Pant (Reuters) -India’s UltraTech Cement said on Monday it was seeing early signs of a price recovery, after it reported a sharp drop in second-quarter profit due to persistently low prices of the construction material. “Prices have been improving since the end of August and so far in October, have …
India’s biggest cement maker UltraTech sees early signs of price recovery Read More »
NEW DELHI (Reuters) – India and China have reached a deal on patrolling their disputed Himalayan frontier, aiming to resolve a four-year military stand-off, Indian Foreign Secretary Vikram Misri said on Monday. The two nuclear-armed neighbours have had tense relations since their troops clashed on the largely undemarcated frontier in 2020, leaving 20 Indian and …
Factbox-India’s clampdown on Chinese products and investment Read More »
(Reuters) – India’s most valuable home loan financier Bajaj Housing Finance posted a 21% rise in its second-quarter profit on Monday as demand for credit remained robust. The company, a unit of non-bank lender Bajaj Finance, reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest. …
India’s Bajaj Housing Finance posts Q2 profit rise on steady home loan demand Read More »
