Reuters
Infrastructure
Jet Airways' creditors to recover only $300-400 mn in liquidation scenario
Creditors of India’s bankrupt Jet Airways (JET.NS) are likely to recover less than 10% of the carrier’s total outstanding dues ......
Economy
India likely to miss fiscal deficit target amid pressure for more stimulus
India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from ......
Markets
Sensex recovers on boost from banks, steelmakers
Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with ......
TMT
Amazon India plans to scrap single-use plastic, joins rival Flipkart
Amazon.com Inc’s India unit plans to replace single-use plastic in its packaging by June 2020, the company said on Wednesday, ......
Economy
India services growth slows in August on weaker demand
Activity in India’s dominant services industry expanded at a slower pace in August as demand softened, according to a business ......
Finance
RBI panel favours allowing foreign portfolio investors to directly buy bad loans
A task force set up by India’s central bank on Tuesday recommended a slew of measures for developing a secondary ......
Markets
Nifty, Sensex slump 2% after dismal growth data
Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew ......
Manufacturing
Tata Steel to shut some operations in UK, 400 jobs at stake
The Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a ......
Manufacturing
Automakers demand tax cuts as sales plummet for 10th month
India’s passenger vehicles sales are set to fall for a tenth consecutive month in August, forcing analysts to slash their ......
Manufacturing
India manufacturing growth slows to 15-month low in August
Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their ......