India tells public to shun Musk-backed Starlink

The Indian government advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk’s SpaceX aerospace company, as it does not have a licence to operate in the country.
27 November 2021, 18:00 PM

India announces bill to ban cryptocurrencies

India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday.
24 November 2021, 18:00 PM

India’s salesmen face ruin as tycoon Ambani targets mom-and-pop stores

For eight straight days, household goods salesman Vipresh Shah has failed to sell a single pack of Dettol soap to the storekeepers who have been buying from him ever since he took over his family business as a teenager, 14 years ago.
22 November 2021, 18:00 PM

India police charge Amazon execs over online drug sales

Indian police have charged executives from Amazon’s local arm over claims the US retail behemoth’s online portal was used to smuggle and sell marijuana.
21 November 2021, 18:00 PM

Float glass export to India may fall

The export potential of clear float glass (CFG) from Bangladesh to India will face a setback if New Delhi imposes anti-dumping duty on the imports to shield local manufacturers, industry people say.
21 November 2021, 18:00 PM

India’s biggest-ever IPO Paytm slumps on market debut

Indian mobile payments giant Paytm lost a quarter of its value on its market debut Thursday, after raising $2.5 billion in the country’s biggest-ever IPO, as traders questioned whether the loss-making firm would ever turn a profit.
18 November 2021, 18:00 PM

Mobile payments firm Paytm kicks off India’s biggest IPO

India’s biggest-ever initial public offering opened Monday with digital payments platform Paytm looking to raise nearly $2.5 billion, in what has already been a record year for share listings.
8 November 2021, 18:00 PM

India, Indonesia and Philippines join coal transition programme

India, Indonesia and the Philippines will join South Africa as the first recipients of a multibillion dollar pilot programme aimed at accelerating their transition from coal power to clean energy, the Climate Investment Funds (CIF) said on Thursday.
6 November 2021, 18:00 PM

India cuts fuel taxes ahead of festive season to boost economy

The Indian government on Wednesday reduced taxes on petrol and diesel in a bid to improve consumer sentiment, as Asia’s third-largest economy recovers from the shocks of severe lockdowns to control the spread of the coronavirus.
4 November 2021, 18:00 PM

Losses widen at Tata Motors on chip shortages, rising expenses

India’s Tata Motors reported its third straight quarter of losses on Monday as chip shortages and rising raw material prices hit the automaker’s bottom line.
2 November 2021, 18:00 PM

6,000 Benapole-bound trucks stranded at Petrapole

About 6,000 Benapole-bound goods-laden trucks remained stranded at Kalitala parking in Indian Petrapole Port yesterday due to alleged mismanagement and irregularities by the parking authorities, which has slowed release of vehicles from the area.
1 November 2021, 18:00 PM

India proposes new rules to push green energy use in industries

India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday.
31 October 2021, 18:00 PM

Challenges abound as Tata draws up a flight plan for Air India

Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals.
19 October 2021, 18:00 PM

India’s electricity demand picks up

India`s electricity demand grew 4.9 per cent during the first half of October, with supply falling short of demand by 1.4 per cent despite a 3.2 per cent rise in coal-fired generation and 30 per cent rise in solar output, a Reuters analysis of government data showed.
17 October 2021, 18:00 PM

Indian port operator to shun cargo from Afghanistan, Pakistan and Iran

India’s largest port operator has said it will not handle cargo from Afghanistan, Iran and Pakistan from next month following the seizure of almost three tonnes of heroin.
12 October 2021, 18:00 PM

India’s Reliance buys REC Solar for $771m

India’s Reliance Industries Limited on Sunday announced acquisition of REC Solar Holdings for an enterprise value of $771 million from China National Bluestar (Group) Company Limited as it seeks to become net carbon zero by 2035.
10 October 2021, 18:00 PM

India warns of possible power crisis

India is facing possible energy supply problems in the coming months due to coal shortages and a post-pandemic surge in demand, the power minister said in a report published Tuesday.
5 October 2021, 18:00 PM

India coal crisis brews as power demand surges

Indian utilities are scrambling to secure coal supplies as inventories hit critical lows after a surge in power demand from industries and sluggish imports due to record global prices push power plants to the brink.
2 October 2021, 18:00 PM

RBI to retain cash surplus

India’s central bank is likely to retain a surplus of liquidity in the banking system and announce another round of bond purchases, but will avoid adding incremental cash in the near future, two sources said on Friday. 
25 September 2021, 18:00 PM

Ford wakes up badly burnt from its India dream

When Ford Motor Co built its first factory in India in the mid-1990s, US carmakers believed they were buying into a boom - the next China.
18 September 2021, 18:00 PM