Reuters India Business

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks declined for the fifth straight session on Thursday, marking their longest losing streak in more than six months, as IT stocks slumped after persistent foreign outflows in the wake of U.S. visa curbs kept investors on edge. The Nifty 50 slipped 0.66% to 24,890.85 …

Indian benchmarks post longest losing run in six months as IT sell-off continues Read More »

By Rishika Sadam and Kashish Tandon MUMBAI (Reuters) -Eli Lilly plans to launch its experimental oral weight-loss drug orforglipron in India, a senior executive said on Thursday, offering an alternative to injectables that many patients in the world’s most populous nation resist. Orforglipron is part of a new class of GLP-1 drugs that suppress appetite …

Eli Lilly plans to bring experimental weight-loss pill in India Read More »

By Chandini Monnappa, Rishika Sadam and Manoj Kumar BENGALURU/HYDERABAD/NEW DELHI (Reuters) -Paridhi Upadhaya was packing her bags after securing a computer science scholarship in the U.S. until headlines of President Donald Trump’s H-1B visa crackdown last week prompted her family in Lucknow, India to scrap the plan. “Trump’s unending onslaught against immigrants is forcing us …

Trump’s immigration curbs make Indian students rethink the American Dream Read More »

By Arpan Chaturvedi and Munsif Vengattil BENGALURU/NEW DELHI (Reuters) -An Indian court on Wednesday ruled there was no merit in X’s legal challenge to quash the country’s content removal mechanism the social media site had equated with censorship, saying the platform had a duty of accountability and must follow local laws. X-owner Elon Musk, a …

Musk’s X loses bid to quash Modi’s new content removal system Read More »

By Pranoy Krishna BENGALURU (Reuters) -The Reserve Bank of India will keep its key interest rate at 5.50% on October 1 and for the rest of the year, according to a Reuters poll of economists, as the central bank gauges the impact of past rate cuts on the economy. Thanks to heavy government spending, India’s economy …

RBI likely to hold rates at 5.50% on October 1 and through 2025 Read More »

By Mohi Narayan and Nidhi Verma NEW DELHI (Reuters) -Indian oil refiners are increasing gasoline and diesel exports to their highest levels in several years, driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets, traders and analysts said. Refiners in India, which sources about …

India fuel exports surge to multi-year highs on higher refinery runs, ethanol blending Read More »