Reuters India Business

Vopak expects decision on AVTL’s IPO in first half of 2025, CFO says

By Anna Peverieri and Alban Kacher (Reuters) – Dutch tank storage company Vopak expects to receive the final decision on the initial public offering of its Indian joint venture Aegis Vopak (AVTL) in the first half of 2025, its finance chief said on Wednesday. Vopak sold a small share as a private placement in 2024 …

Vopak expects decision on AVTL’s IPO in first half of 2025, CFO says Read More »

Tariff threats pave way to safe-haven gold’s all-time high

By Sarah Qureshi and Anjana Anil (Reuters) – Gold prices raced to an all-time high on Wednesday as trade war tensions and concerns over global economic growth drove safe-haven flows following U.S. President Donald Trump’s new tariff threats. Spot gold was steady at $2,935.10 an ounce as of 1215 GMT after surging to an all-time-high …

Tariff threats pave way to safe-haven gold’s all-time high Read More »

India’s space regulator launches $58 million fund to boost startups, cut reliance on imports

BENGALURU (Reuters) – The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Wednesday launched a 5 billion rupee ($57.58 million) fund to help early-stage space technologies go commercial and reduce reliance on imports as the country seeks to boost its market share in the global space industry. The Technology Adoption Fund will also connect …

India’s space regulator launches $58 million fund to boost startups, cut reliance on imports Read More »

Factbox-Indian drugmakers with big US exposure as Trump plans pharmaceutical import tariffs

By Rishika Sadam HYDERABAD (Reuters) – U.S. President Donald Trump said on Tuesday he intends to impose a “25% or higher” levies on semiconductors and pharmaceutical imports, and raise it substantially over the course of a year, a move likely to hit India’s sprawling pharmaceutical industry. Most Indian generic drugmakers count the U.S. as their …

Factbox-Indian drugmakers with big US exposure as Trump plans pharmaceutical import tariffs Read More »

Indian shares end flat as financials offset declines in pharma, IT

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes ended flat on Wednesday as gains in heavyweight financials countered losses in pharma and IT stocks on concerns that President Donald Trump would impose more tariffs on U.S. imports. The Nifty 50 ended the day 0.05% lower at 22,932.9, while the BSE Sensex fell …

Indian shares end flat as financials offset declines in pharma, IT Read More »

India ONGC plans foray into ethane carrier business, seeks partner

NEW DELHI (Reuters) – India’s Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India, according to a document posted on the company’s website. ONGC Petro additions Ltd (OPaL), a unit of ONGC, operates a dual feed cracker. …

India ONGC plans foray into ethane carrier business, seeks partner Read More »

India’s Carlyle-backed IT exporter Hexaware valued at $5 billion in solid debut

By Nandan Mandayam and Kane Wu (Reuters) -Shares of Carlyle-backed Hexaware Technologies rose as much as 10% in their debut on Wednesday, indicating rising retail interest in India’s first billion-dollar IPO that struggled to achieve full subscription without an outsized help from large institutions. The stock began trading at 745.50 rupees on the National Stock …

India’s Carlyle-backed IT exporter Hexaware valued at $5 billion in solid debut Read More »

Gold rises as Trump tariff uncertainty fuels safe-haven demand

By Anmol Choubey (Reuters) – Gold prices rose over 1% on Tuesday as concerns over economic growth, due to uncertainty surrounding U.S. President Donald Trump’s tariff plans, prompted safe-haven flows into bullion. Spot gold gained 1.2% to $2,932.79 an ounce as of 2:11 p.m. ET (1911 GMT) after hitting a record high of $2,942.70 last …

Gold rises as Trump tariff uncertainty fuels safe-haven demand Read More »

Close Bitnami banner
Bitnami