Reuters India Business

By Tanvi Mehta and Nandan Mandayam BENGALURU (Reuters) – India’s e-commerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest next month. The moves come amid a tightening job market – India’s unemployment …

India e-commerce firms ramp up hiring of delivery workers for shopping season Read More »

MUMBAI (Reuters) – India’s inflation has peaked and will moderate going forward and bond yields are reflecting that trend, Reserve Bank of India Governor Shaktikanta Das said in an ET Now interview on Tuesday. (Reporting by Swati Bhat; Editing by Tom Hogue)

MUMBAI (Reuters) – The Indian rupee was trading little changed to the dollar on Tuesday, hovering just under the psychological 80 level, amid rising concerns about the deteriorating global risk mood. The rupee was trading at 79.8800 at 0530 GMT, barely changed from 79.8675 in the previous session. The local unit opened at 79.83 and …

Indian rupee flat amid weak risk sentiment Read More »

By Tanvi Mehta BENGALURU (Reuters) -Indian shares weakened slightly in volatile trade on Tuesday, as gains in autos and banks were offset by IT, with decline in Asian shares aiding fall. The NSE Nifty 50 index was down 0.4% at 17,420.2 as of 0513 GMT, after having risen as much as 0.6% earlier in the …

Indian shares edge lower in choppy trade, IT drags Read More »

NEW DELHI (Reuters) – Lenders to India’s Future Retail Ltd have submitted loan claims of about 210.58 billion Indian rupees ($2.64 billion) under the ongoing insolvency process, according to a document released on the company’s website on Monday. A Mumbai court earlier this year ordered bankruptcy proceedings against Future Retail after it defaulted on loans …

Lenders to India’s debt-ridden Future Retail submit loan claims of $2.64 billion Read More »

By Joseph White (Reuters) -Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla Inc in the race to develop software-driven electric vehicles. Ford Chief Executive Jim Farley has been saying for months that he believed …

Ford cuts 3,000 jobs as it pivots to EVs, software Read More »

MUMBAI (Reuters) – The Indian rupee was trading lower versus the dollar on Monday as China’s yuan led a broader decline in Asian currencies on concerns over the Federal Reserve’s rate hike path. The rupee was trading at 79.86 per U.S. dollar by 0542 GMT, down from 79.7750 in the previous session, edging closer to …

Indian rupee inches towards record low on yuan weakness Read More »