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Reuters

India's June industrial output grows 2%, beats forecast

Manufacturing

09 August, 2019

India's June industrial output grows 2%, beats forecast

India’s industrial output grew 2% in June from a year earlier, government data showed on Friday. Analysts polled by Reuters had ......

Nifty, Sensex post first weekly gain since mid-July as govt reviews FPI surcharge

Markets

09 August, 2019

Nifty, Sensex post first weekly gain since mid-July as govt reviews FPI surcharge

Indian shares ended higher on Friday led by automobiles and financial stocks, and recorded their first weekly gain since mid-July, ......

NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea

Finance

09 August, 2019

NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea

An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging ......

Tata Motors, Mahindra plan production cuts as auto industry crisis deepens

Manufacturing

09 August, 2019

Tata Motors, Mahindra plan production cuts as auto industry crisis deepens

Indian automakers Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) said on Friday they would cut production at some ......

Dewan Housing says may not be able to fulfill immediate debt payments

Finance

08 August, 2019

Dewan Housing says may not be able to fulfill immediate debt payments

India’s debt-laden shadow bank Dewan Housing Finance Corp Ltd (DHFL) on Thursday said it may not be able to fulfill ......

Sensex, Nifty jump on reports govt planning sops for investors

Markets

08 August, 2019

Sensex, Nifty jump on reports govt planning sops for investors

Indian shares rallied in late trading on Thursday and posted their biggest gain in 11 weeks, after reports that the ......

Govt may roll back tax hike for foreign portfolio investors

Finance

08 August, 2019

Govt may roll back tax hike for foreign portfolio investors

India is likely to exempt foreign portfolio investors (FPIs) from an increase in taxes in this year’s budget approved by ......

SAIL chairman faces 'murderous assault' in New Delhi

Manufacturing

08 August, 2019

SAIL chairman faces 'murderous assault' in New Delhi

The chairman of India’s largest state-owned steel producer was assaulted by some people armed with iron rods in the national ......

Why RBI moves are unlikely to ease pain for struggling NBFCs

Finance

07 August, 2019

Why RBI moves are unlikely to ease pain for struggling NBFCs

The Reserve Bank of India, which also cut its benchmark policy rate by 35 basis points on Wednesday, said it ......

Reliance Industries set to bring Tiffany jewellery stores to India

Consumer

07 August, 2019

Reliance Industries set to bring Tiffany jewellery stores to India

India’s Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweller Tiffany & Co to open a line of stores ......