Edition:
United Kingdom

Aftab Ahmed

India may exempt foreign portfolio investors from higher taxes: sources

08 Aug 2019

NEW DELHI India is likely to exempt foreign portfolio investors (FPIs) from an increase in taxes in this year's budget approved by parliament, two government officials told Reuters, in comments that prompted a rally in stock markets.

UPDATE 1-India may exempt foreign portfolio investors from higher taxes - sources

08 Aug 2019

* Govt may exempt FPIs from higher taxes introduced for the rich

Indian auto executives seek tax cuts, easier finance access to revive sales: sources

07 Aug 2019

NEW DELHI India's auto industry demanded tax cuts and easier access to finance for dealers and buyers at a meeting with Indian government officials on Wednesday to discuss the sector's woes, sources said, in an effort to revive sales that have slumped.

Exclusive: Tens of thousands losing jobs as India's auto crisis deepens - sources

06 Aug 2019

NEW DELHI Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.

RPT-UPDATE 1-India's July gold imports hit 3-yr low on record prices - govt source

06 Aug 2019

NEW DELHI/MUMBAI, Aug 5 India's gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday.

India's July gold imports hit three-year low on record prices: government source

05 Aug 2019

NEW DELHI/MUMBAI India's gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday.

UPDATE 1-India's July gold imports hit 3-yr low on record prices -govt source

05 Aug 2019

* August imports seen down as prices rise further (Adds details, bullion dealers comment)

Exclusive: India's biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge

02 Aug 2019

MANESAR/NEW DELHI India's biggest automaker, Maruti Suzuki India Ltd , said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third largest economy.

India likely to put 35% minimum shareholding rule for listed entities on hold - source

02 Aug 2019

NEW DELHI The Indian government is likely to put on hold a plan to raise the minimum public shareholding in listed companies, a source with direct knowledge of the matter said, amid concerns it could force the issuance of billions of dollars worth of shares.

Coffee baron's death fuels India Inc anger over government crackdown on wrongdoing

01 Aug 2019

NEW DELHI The apparent suicide of India's coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.

World News

EU rebuffs Johnson's Brexit gambit

The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.