Latest news with #SOUMYAJITSAHA
Nikkei Asia
10 hours ago
- Automotive
- Nikkei Asia
BYD sets India sales record on back of dealership expansion
A BYD eMAX 7 during its launch in New Delhi in October 2024. The Chinese electric vehicle maker surpassed the 3,000-vehicle sales mark in early August, topping its total for the whole of 2024. © Reuters SOUMYAJIT SAHA August 14, 2025 17:20 JST MUMBAI -- In Vijayawada, a midsize city in the southern Indian state of Andhra Pradesh, a senior manager for Chinese electric vehicle maker BYD's local franchise partner says he is seeing a steady shift in the behavior of customers visiting the local dealership.
Nikkei Asia
07-08-2025
- Business
- Nikkei Asia
Trump's tariff threat over India's Russian oil imports: 4 things to know
Energy More than a third of India's oil needs are met by Russia, which has attracted Trump's ire An oil tanker in Novorossiysk, Russia. The country is the largest supplier of crude oil to India, providing 37% of the roughly 1 billion barrels the country has imported so far in 2025. © AP SOUMYAJIT SAHA MUMBAI -- U.S. President Donald Trump on Monday warned of higher trade tariffs on India over the South Asian nation's purchases of Russian oil, with these expected to be piled on top of an existing 25% tariff.
Nikkei Asia
06-08-2025
- Business
- Nikkei Asia
India urban demand shows recovery signs on solid consumer earnings
People shop at a supermarket in Amritsar, India, on May 9. Indians living in cities and towns drive roughly two-thirds of the country's consumer goods sales. © Reuters SOUMYAJIT SAHA MUMBAI -- Urban demand looks to be turning a corner after a prolonged period of weakness, with solid earnings from India's leading consumer goods companies indicating that policy tweaks and changing economic conditions are giving a boost to spending.
Nikkei Asia
05-08-2025
- Business
- Nikkei Asia
India's Russian oil imports: 4 things to know
Energy More than a third of India's oil needs are met by Russia, which has attracted Trump's ire An oil tanker in Novorossiysk, Russia. The country is the largest supplier of crude oil to India, providing 37% of the roughly 1 billion barrels the country has imported so far in 2025. © AP SOUMYAJIT SAHA MUMBAI -- U.S. President Donald Trump on Monday warned of higher trade tariffs on India over the South Asian nation's purchases of Russian oil, with these expected to be piled on top of an existing 25% tariff.
Nikkei Asia
17-07-2025
- Business
- Nikkei Asia
Indian rice exporters curb forecast as glut squeezes margins
Rice from India inundated global markets earlier this year after the South Asian country, which makes up about 40% of global exports, lifted a number of export curbs. © Reuters SOUMYAJIT SAHA MUMBAI -- Rice traders in India, the world's biggest supplier of the staple, are paring back their forecasts of record exports as buyers struggle to take on the glut of rice unleashed by the lifting of the country's export curbs. This comes as Indian exporters find themselves in a similar situation to their peers in Thailand and Vietnam, who have been hit by the drop in prices caused by the Indian oversupply. India's Rice Exporters Association has cut its growth forecast of total rice exports for 2025 to 11%, amounting to about 20 million tons, down from its earlier forecast of a 25% jump to 22.5 million tons, B.V. Krishna Rao, the group's president, told Nikkei Asia.
