Reuters India Business

By Mayank Bhardwaj NEW DELHI (Reuters) -Indian farmers have planted wheat on 15.3 million hectares since Oct. 1, when the current sowing season began, up nearly 11% from a year ago, the government data showed on Friday, as record high prices have encouraged planting. Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, …

India’s record high prices spur wheat sowing, area up nearly 11% y/y Read More »

(Reuters) -Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV) as a “responsibility” rather than a business opportunity, he said in an interview with the Financial Times on Friday. The ports-to-energy conglomerate run by Adani, Asia’s richest person, unveiled plans late in August to acquire a majority stake in …

Takeover of NDTV a ‘responsibility’, says India’s richest man Adani – FT Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India’s main benchmark indexes scaled fresh peaks on Friday, but struggled to hold on to gains to extend a three-day rally, with investors digesting the prospects of the path of global monetary policy and its effects on corporate earnings. The benchmark S&P BSE Sensex rose 0.28% to an all-time high …

Indian shares struggle to extend 3-day rally, Sensex hits record Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee firmed on Friday, as most Asian currencies gained against a weaker dollar, but the local currency stopped short of breaching a key resistance level. The rupee was at 81.52 per dollar by 0455 GMT, having risen to 81.49 momentarily. It closed at 81.63 in the previous …

Rupee gains in line with Asian FX, runs into resistance at 81.50/USD Read More »

By Nidhi Verma and Shivam Patel NEW DELHI (Reuters) – India, the world’s third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said on Thursday, a day after the European Union failed to agree on a …

India seeks to use global energy challenge as opportunity, says minister Read More »

By Aditi Shah NEW DELHI (Reuters) -Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by …

Stellantis looks to India for affordable EVs for Europe Read More »

By Shivangi Acharya NEW DELHI (Reuters) -India and the Gulf Cooperation Council (GCC) have agreed to resume talks on a free trade agreement, India’s Trade Minister Piyush Goyal said on Thursday, as his nation seeks closer ties with one of its largest trading partners. The GCC is a union of six countries in the Gulf …

India and GCC to resume free trade talks covering food, energy security Read More »