Reuters India Business

By Jayshree P Upadhyay MUMBAI (Reuters) -Ananth Narayan G, the Indian regulatory official who led the high-profile investigation of alleged market manipulation by U.S. high-frequency trading firm Jane Street, stepped down on Thursday at the end of his three-year term. Narayan, the second ranking official at the Securities and Exchange Board of India, headed market …

Indian regulator leading Jane Street probe leaves office after term ends Read More »

By Karen Brettell NEW YORK (Reuters) -The Japanese yen fell to its weakest level against the dollar since mid-February on Thursday as the newly elected leader of Japan’s ruling party Sanae Takaichi failed to instill confidence in the market about the direction of the currency. Takaichi said she did not want to trigger excessive declines …

Yen weakest since mid-February, euro drops Read More »

By Sethuraman N R and Yagnoseni Das (Reuters) -Saatvik Green Energy, one of India’s biggest solar module makers by capacity, said on Thursday it is shunning the once-promising U.S. export market as it is no longer “worth the risk” due to the thorny tariff issue. The United States is India’s top overseas market, accounting for …

US market not worth the risk, says one of India’s biggest solar companies Read More »

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Tata Consultancy Services, India’s top software-services exporter, beat second-quarter revenue estimates on Thursday, aided by strength in its banking, financial services and insurance segment, and said it expects better growth in the second half of the fiscal year. The results boosted optimism around the country’s $283 …

India’s TCS beats quarterly revenue estimates, sees better growth in H2 Read More »

By Aditya Kalra NEW DELHI (Reuters) -India’s Madison Communications is asking a court to quash an antitrust investigation into the advertising agency, arguing its executives were unlawfully questioned during March raids without an attorney present, court papers reviewed by Reuters show. Madison was among numerous ad agencies and a group of broadcasters raided by the …

Exclusive-India’s Madison asks court to quash antitrust probe into the ad agency Read More »

By Abhijith Ganapavaram NEW DELHI (Reuters) -Neelu Khatri, co-founder and head of international operations at India’s Akasa Air, is leaving the country’s newest airline to pursue other opportunities, at a time when delayed Boeing jet deliveries have hindered its expansion plans. Khatri is one of the nine co-founders of Akasa, which began commercial operations in …

India’s Akasa Air co-founder Khatri to leave airline amid expansion challenges Read More »