Gold Hit 7-Month Low as India Tax Hike Adds to Fed Rate Cudgel

investing.com By Barani Krishnan Investing.com -- For gold, the Fed doesn’t seem to be its only nemesis: it’s also Indian tax authorities. Bullion’s value took a further dive to briefly hit seven-month lows on Friday after the...

China's Great Wall shelves $1 billion India investment plan -sources

investing.com By Aditi Shah NEW DELHI - China's Great Wall Motor has shelved plans to invest $1 billion in India and fired all employees of its local unit after failing to obtain regulatory approvals, three sources with direct...

With a dash of spice, Reliance and Britain's Pret bet on India's changing tastes

investing.com By Aditya Kalra and Abhirup Roy NEW DELHI - British snack chain Pret will adapt its menu to local tastes when it opens in Indian cities and airports under a partnership with retail giant Reliance to try to satisfy...

GM in driver's seat as Toyota stumbles on chip shortages

investing.com By Abhijith Ganapavaram - General Motors Co (NYSE:GM) is poised to outsell Japan's Toyota Motor (NYSE:TM) Corp in the second quarter, even as sales at major automakers in the United States are set to drop as...

Toyota unveils its first mass market hybrid car for India, emerging markets

investing.com By Aditi Shah NEW DELHI - Toyota Motor (NYSE:TM) Corp on Friday unveiled its first mass market hybrid car for India, a sport utility vehicle (SUV), charting a new course for the Japanese automaker in one of the...

India imposes export duties for oil products and a windfall tax on oil producers

investing.com By Nidhi Verma, Manoj Kumar and Sudarshan Varadhan NEW DELHI - India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil...

Striking Paris airport worker wants his wages to soar

investing.com By Caroline Pailliez PARIS - Three times a week, Loris Foreman, a ground handling agent at Paris' main international airport Roissy-Charles de Gaulle, drives to his workplace, coffee in hand, before sunrise. After...

Apple hikes Japan price of iPhone by nearly a fifth

investing.com TOKYO - Apple Inc (NASDAQ:AAPL) has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based...

Kohl's terminates sale talks with Franchise Group

investing.com - Kohl's Corp (NYSE:KSS) is terminating talks to sell the U.S. department store chain to Vitamin Shoppe operator Franchise Group (NASDAQ:FRG), CNBC reported on Thursday, citing two people familiar with the matter....

India bans some single-use plastic as part of broader plan

apnews.com NEW DELHI (AP) — India banned some single-use or disposable plastic products Friday as part of a federal plan to phase out the ubiquitous material in the nation of nearly 1.4 billion people.For the first stage, it...

GM calls off plan to sell India car plant to China's Great Wall

investing.com By Aditi Shah NEW DELHI - General Motors (NYSE:GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher...

GM calls off plan to sell India car plant to China's Great Wall

reuters.com General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards...

Sri Lanka crisis gives India chance to gain sway vs China

apnews.com NEW DELHI (AP) — Sri Lanka's strategic location has attracted outsized interest in the small island nation from regional giants China and India for more than a decade, with Beijing and its free-flowing loans and...

Exclusive-India's top cement maker paying for Russian coal in Chinese yuan

investing.com By Sudarshan Varadhan, Aftab Ahmed and Nupur Anand NEW DELHI - India's biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs...

U.S. power companies face supply-chain crisis this summer

investing.com By Scott DiSavino - U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather...