Exclusive: Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing

NEW DELHI (Reuters) – India’s steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said. The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced […]

Read more

Morning News Call – India, January 4

To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 11:00 am: Winter Session of Parliament continues in New Delhi. 5:00 pm: RBI to release weekly foreign exchange data in Mumbai. INDIA TOP NEWS • Parliamentary panel asks RBI to ease bank capital requirements […]

Read more

U.S. drugmaker J&J's India sales dip 3 percent in 2017/18: filing

NEW DELHI (Reuters) – Johnson & Johnson’s (JNJ.N) sales in India dipped 3 percent in the year to March 2018, a regulatory filing showed on Thursday, as the U.S. drugmaker grappled with the country’s stringent medical device pricing policies. The company, currently mired in a controversy surrounding the safety of its baby talcum powder, reported overall sales of 58.28 billion […]

Read more

India Inc’s Rs 1-trillion club shrinks in 2018

Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm BPCL, private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year. Illustration: Dominic Xavier/Rediff.com Companies with more than Rs 1 trillion market capitalisation have gone down by five in 2018 despite the benchmark Sensex gaining 5 […]

Read more

Morning News Call – India, December 17

(Morning News Call – India edition will not be published through the year-end holiday season from December 24, 2018 to January 1, 2019. Normal service will resume from January 2, 2019. Season’s Greetings and Happy New Year.) To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here […]

Read more

India is about to get its 3rd central bank governor in 3 years. Markets are concerned

On Monday, Reserve Bank of India Governor Urjit Patel became the fourth high-profile official in the country’s finance and economic sector to leave his position. Arvind Subramanian, a former chief economic advisor, stepped down in June and Arvind Panagariya, former vice chairman of government think-tank Niti Aayog, left last year. Patel’s predecessor, Raghuram Rajan, also stepped down in 2016 after […]

Read more

RBI Governor Urjit Patel Steps Down After Rift With Government

The Reserve Bank of India Governor Urjit Patel resigned on Monday, citing personal reasons, and his decision comes after the central bank was embroiled in a series of conflicts with the Narendra Modi government over crucial matters including central bank independence. “On account of personal reasons, I have decided to step down from my current position effective immediately,” Patel said […]

Read more

Economist Bhalla quits Indian PM Modi's advisory council – ANI

NEW DELHI, Dec 11 (Reuters) – Indian economist Surjit Bhalla has resigned from Prime Minister Narendra Modi’s economic advisory council, Reuters partner ANI said on Tuesday. Bhalla’s reported resignation comes a day after the governor of India’s central bank, Urjit Patel, quit abruptly after a months-long tussle over policy with the government. (Reporting by Krishna N. Das; Editing by Sanjeev […]

Read more

Indian govt to make announcement on cenbank Tuesday – TV channel ET NOW

NEW DELHI, Dec 11 (Reuters) – India’s finance secretary Ajay Narayan Jha said the government will make an announcement on the country’s central bank on Tuesday, TV channel ET NOW reported, citing financial news company Cogencis. Reserve Bank of India governor Urjit Patel resigned on Monday evening after a rift between the bank and the government, shocking financial markets. (Reporting […]

Read more
1 2 3 12