Reuters India Business

(Reuters) – Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India’s IT services industry enjoyed during the pandemic, J.P.Morgan analysts said on Thursday as they downgraded the sector to “underweight”. The $194-billion sector whose software services helped businesses adopt to pandemic-era practices of …

J.P.Morgan downgrades India’s IT sector as pandemic boom fades Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) – India is facing its worst power crisis in over six years as a heatwave bakes vast swathes of South Asia, causing widespread power outages. Here is a summary of the factors behind the crunch. WHY IS INDIA FACING A POWER CRISIS? A surge in air-conditioning demand due to …

Explainer-Why is India facing its worst power crisis in over six years? Read More »

By Rama Venkat BENGALURU (Reuters) -Indian shares fell for a second straight session Thursday as investors dumped riskier assets on fears that soaring inflation would hurt corporate earnings and spark an economic slowdown. The NSE Nifty 50 index fell 1.87% to 15,936.90 by 0459 GMT on broad-based losses, while the S&P BSE Sensex dropped 1.79% …

Indian shares fall nearly 2% on inflation jitters Read More »

By Devjyot Ghoshal and Aftab Ahmed NEW DELHI (Reuters) -India is looking to domestic firms and eastern European nations for military gear and ammunition, as the world’s biggest buyer of Russian arms seeks alternative suppliers at a time when Moscow is fighting a war with Ukraine and facing sanctions. New Delhi has long talked of …

India, world’s biggest buyer of Russian arms, looks to diversify suppliers Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Indian traders and spinning mills should first meet demand from the local textile industry and only then export surplus raw cotton and yarn, Textile Minister Piyush Goyal told industry officials in a meeting. The minister’s comments came after textile mills in the southern state of Tamil Nadu, a leading …

India traders should fulfill local cotton, yarn demand before exports -minister Read More »

By Aditi Shah NEW DELHI (Reuters) – Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia. India, where Stellantis sells its Jeep and Citroen brands, makes up a fraction of the carmaker’s …

Stellantis sees India as profitable auto market amid challenges in China, Russia Read More »