By Jarrett Renshaw (Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India’s tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to …
US tells India that Russian oil curbs are key to trade deal progress Read More »
(Reuters) -India’s Tata Motors on Friday named insiders Shailesh Chandra as managing director and CEO and Dhiman Gupta as chief financial officer, as the carmaker reshapes its top team amid disruption at Jaguar Land Rover. Chandra will take charge on October 1 for three years, the company said. He is currently joint managing director for …
Tata Motors names insiders Shailesh Chandra as CEO, Dhiman Gupta as CFO Read More »
(Reuters) -India’s Tata Capital will open its initial public offering to retail investors on October 6, the nonbanking financial company said on Friday. The IPO will comprise up to 210 million new shares, while existing shareholders will sell up to 265.8 million shares. Tata Capital will open for subscriptions by big institutional investors, or anchor …
India’s Tata Capital to open IPO for retail investors on October 6 Read More »
By Olga Popova and Gleb Bryanski MOSCOW (Reuters) -Russia, the world’s top sunflower oil producer, aims to increase exports to India, seeking to replace Ukrainian supplies that are being redirected to Europe, the state agricultural export agency said on Friday. India is a major buyer of Russian energy, and the two countries are maintaining close …
By Manoj Kumar and Shivam Patel NEW DELHI (Reuters) -India said on Friday its officials held “constructive” talks with U.S. counterparts during a visit to Washington this week, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon. “Both sides exchanged views on possible contours of the deal,” the …
India says trade talks with US ‘constructive’, eyes early deal Read More »
NEW DELHI (Reuters) -Indian Oil Corp, the country’s top refiner, is in talks with European trader Vitol to set up a trading joint venture to expand its exposure in global oil markets, three IOC sources told Reuters. Talks for a potential partnership began last year, two of the sources said. IOC, along with its subsidiary …
Indian Oil Corp plans trading tie up with Vitol; sources say Read More »
(Reuters) -Hindustan Unilever <HLL.NS> said on Friday that recent goods and services tax (GST) cuts on consumer products caused a temporary disruption in sales as distributors and retailers worked to clear existing inventory at old prices. Earlier this month, the Indian government reduced taxes on items ranging from soaps to small cars as it looks …
Unilever’s India unit flags short-term impact on sales from tax cuts Read More »
MUMBAI (Reuters) -India’s edible oil imports in 2025/26 are projected to rise 4.6% to a record 17.1 million metric tons, driven by higher palm oil purchases by the world’s largest vegetable oil buyer, industry analyst Dorab Mistry said on Friday. Higher palm oil purchases by India will help top producer Indonesia and Malaysia to bring …
India’s edible oil imports to jump to record on higher palm buying, analyst Mistry says Read More »
By Vivek Kumar M (Reuters) -Indian equity benchmarks fell to a three-week low on Friday, logging their steepest weekly drop in nearly seven months, as U.S. curbs on H-1B visas and tariffs on branded drugs dampened sentiment. The Nifty 50 fell 0.95% on the day to 24,654.7, while the BSE Sensex dropped 0.9% to 80,426.46. …
Indian benchmarks hit three-week low as US curbs drag IT, pharma Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit an all-time low and remained consistently under pressure this week, hurt by worries over how U.S. tariffs and changes in immigration policy could dent trade, remittance and foreign portfolio flows into India. The rupee closed at 88.7175 against the U.S. dollar on Friday, little changed …
Rupee logs worst week in a month as US visa, tariff policies sting Read More »
