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Aditi Shah

UPDATE 1-Wholesale sales of Indian passenger vehicles drop most in nearly 8 years

13 May 2019

NEW DELHI, May 13 Wholesale sales of passenger vehicles in India fell 17% year-on-year in April, their steepest decline since October 2011, data from the country's auto industry body showed on Monday, as weak consumer confidence and a liquidity crunch hit demand.

Jet Airways pilots' union asks India's top court to direct lender to release funds

08 May 2019

NEW DELHI Jet Airways' pilots' union has appealed to India's top court to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline, according to a court filing made on Tuesday which was reviewed by Reuters. | Video

RPT-As Uber gears up for IPO, many Indian drivers talk of shattered dreams

08 May 2019

* Stories of angry drivers come as Uber set for stock market debut

As Uber gears up for IPO, many Indian drivers talk of shattered dreams

08 May 2019

MUMBAI/NEW DELHI In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall.

India's OYO to buy @Leisure for $415 million: source

01 May 2019

BENGALURU Indian hotel startup OYO will buy European vacation rental group @Leisure for about 370 million euros ($415.29 million) from German media company Axel Springer and other shareholders, said a source familiar with the matter.

'Bonanza time': Foreign carriers savour rising India demand as Jet Airways crumbles

26 Apr 2019

NEW DELHI/MUMBAI The grounding of India's Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation's biggest airline.

Maruti Suzuki India to phase out diesel cars, sees weak year ahead

25 Apr 2019

NEW DELHI/BENGALURU Maruti Suzuki India Ltd said on Thursday it would stop making all diesel cars beginning April next year and forecast a weak rate of growth for the current fiscal year, blaming uncertain fuel prices and the onset of stricter emission norms.

UPDATE 2-Maruti Suzuki India to phase out diesel cars, sees weak year ahead

25 Apr 2019

* Co to stop making diesel cars as stricter emission norms kick in

RPT-UPDATE 4-India's Jet Airways finds itself out of runway as funds dry up

18 Apr 2019

* Jet to continue working with banks; confident it will fly again

India's Jet Airways finds itself out of runway as funds dry up

17 Apr 2019

MUMBAI/NEW DELHI Embattled Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.

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