Tesla in talks with India’s Tata Power for EV charging infrastructure: report

© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen in Bern BENGALURU (Reuters) – Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources. Shares of Tata Power rose […]

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India’s budget aiming to revive economy despite limited fiscal headroom

© Reuters. FILE PHOTO: India’s Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi By Manoj Kumar NEW DELHI(Reuters) – India’s finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit […]

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India’s Modi says government committed to farmers’ welfare

© Reuters. FILE PHOTO: Indian Prime Minister Narendra Modi addresses the nation during Independence Day celebrations in New Delhi By Sankalp Phartiyal and Mayank Bhardwaj NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi assured farmers on Saturday that reforms in the agrarian sector were aimed at helping them as thousands of farmers continued protests against […]

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India’s economy is seeing a ‘strong recovery’ take root, finance minister says

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai By Aftab Ahmed NEW DELHI (Reuters) – India’s economy is seeing a strong recovery taking root, Finance Minister Nirmala Sitharaman said on Thursday while announcing a third round of fiscal stimulus to help stressed sectors battling the COVID-19 pandemic. Latest measures included additional funding for […]

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India’s Modi launches property-card scheme to aid rural households

© Reuters. FILE PHOTO: India’s Independence Day celebrations at the historic Red Fort in Delhi MUMBAI (Reuters) – Indian Prime Minister Narendra Modi launched a property-card scheme on Sunday that he vowed would provide clarity of property rights in villages and enable farmers to use their property as collateral for loans from financial institutions. Two-thirds […]

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Exclusive: India’s Reliance seeks to sell Mideast crude cargoes in rare move

© Reuters. The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar By Florence Tan and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) – India’s Reliance Industries Ltd (NS:) is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing […]

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India’s Yes Bank founder remanded in police custody on money-laundering charges

© Reuters. Yes Bank founder Rana Kapoor arrives at the Enforcement Directorate office after leaving Sessions Court for alleged money laundering charges in Mumbai By Abhirup Roy MUMBAI (Reuters) – An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (NS:) in police custody until March 11 after […]

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