Google abused the dominant position of its Android operating system in India, using its “huge financial muscle” to illegally hurt competitors, the country’s antitrust authority found in a report on its two-year probe seen by Reuters.

India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as part of the Paris climate accord.

India has cut base import taxes on palm oil, soyoil and sunflower oil, according to a government notification, as the world’s biggest vegetable oil buyer tries to cool near-record price rises. 

European aerospace giant Airbus has clinched a landmark $3 billion deal to make military aircraft for India in partnership with local conglomerate Tata, the defence ministry said Wednesday.

Ford Motor Company will stop manufacturing cars in India and shut down its plants in the country, two sources told Reuters, becoming the latest automaker to quit a market still dominated by Asian rivals. 

The Indian government is considering allowing foreign institutional investors to buy up to a total of 20 per cent in state-owned Life Insurance Corporation (LIC), a government source said on Wednesday, as it presses ahead with a stake sale.  

India’s dominant services industry returned to growth in August, expanding at its fastest pace since the pandemic began, as businesses reopened amid improved vaccination rates, a survey showed on Friday, although firms continued to cut jobs. 

India’s gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of Covid-19 curbs.

India’s economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in manufacturing and higher consumer spending.

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, 90 per cent higher than the April-June period last year, the government said on Saturday.

Indian Oil Corp is expanding its joint venture with Malaysia’s state-run Petronas to include building liquefied natural gas (LNG) terminals, fuel retailing and gas distribution, Chairman SM Vaidya said on Friday.

India may announce rules allowing companies to list overseas in the next budget in February, as some issues are yet to be resolved and are under discussion, Revenue Secretary Tarun Bajaj said on Wednesday.

India is set to exceed its targets for cutting greenhouse gas emissions and boosting the share of non-fossil fuels in electricity generation but any further commitment to reducing its carbon footprint will depend on climate finance from rich countries, a senior official said.

The infrastructure programme, called “Gati Shakti”, will help boost productivity of industries and boost the economy, Modi said during his speech at the Independence Day celebrations in New Delhi.

India’s largest gas importer Petronet LNG said on Saturday that some of its customers have postponed spot liquefied natural gas (LNG) imports due to high prices. they have provided long term supplies with more attractive term contracts. 

India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The Reserve Bank of India held rates at record lows on Friday, but it raised its inflation forecast and said it would normalise liquidity conditions in a signal that policymakers could be edging closer to tapering pandemic-induced stimulus. 

Activity in India’s dominant services industry shrank for a third consecutive month in July as restrictions to control the coronavirus pandemic hit demand, with companies turning the most pessimistic in a year, a private survey showed on Wednesday. 

Female labour participation rate in India fell to 16.1 per cent during the July-September 2020 quarter, the lowest among the major economies, a government report said, reflecting the impact of pandemic and a widening job crisis.

Indian Oil Corp (IOC) said on Friday it was operating its refineries at 90 per cent capacity as diesel sales were yet to reach pre-Covid-19 levels, but it expects to ramp up refining to full capacity within a quarter as demand picks up.