Reuters India Business

By Vivek Kumar M (Reuters) -HSBC upgraded Indian equities to “overweight” from “neutral” on Wednesday and said valuations were turning attractive versus peers, becoming one of the first major firms to turn bullish on Asia’s third-largest economy after hefty U.S. tariffs kicked in. Indian equities have vastly underperformed their regional and emerging market peers this …

HSBC lifts Indian equities to ‘overweight’ as valuations attractive compared to peers Read More »

By Jayshree P Upadhyay and Gopika Gopakumar MUMBAI (Reuters) -India’s markets regulator and its central bank are in advanced discussions to ease entry processes for new overseas investors, four sources said, at a time when foreign flows into the economy remain weak. The changes would include fewer and standardised documentation and less scrutiny on investors …

India regulators plan quicker entry processes for foreign investors, sources say Read More »

By Noel John (Reuters) – Gold prices climbed to a fresh record high on Tuesday, aided by safe haven flows amid geopolitical uncertainty and expectations of further Federal Reserve rate cuts. Spot gold rose 0.8% to $3,777.80 per ounce as of 01:45 p.m. ET (1745 GMT), after hitting a fresh record high of $3,790.82 earlier …

Gold surges to new peak on safe-haven demand, Fed rate cut bets Read More »

(Reuters) -Indian food and grocery delivery platform Swiggy said on Tuesday it would offload its entire 12% stake worth $270 million in ride-hailing platform Rapido. The stake sale comes as Rapido forays into food delivery business, which was acknowledged by Swiggy as a “potential conflict of interest” and also lead to revaluation. Dutch investment firm …

India’s Swiggy to sell entire stake in ride-hailing platform Rapido Read More »

WASHINGTON (Reuters) -The United States and India made progress on Monday, U.S. Secretary of State Marco Rubio said amid ongoing trade talks and steep U.S. tariffs imposed as part of Washington’s pressure campaign over Moscow’s invasion of Ukraine. “We had meetings with them again yesterday, and it has to do with their purchase of Russian …

Rubio cites progress in US, India talks this week Read More »

By Rishika Sadam and Haripriya Suresh HYDERABAD/BENGALURU (Reuters) -Tech consultancy Accenture has proposed setting up a new campus in the southern Indian state of Andhra Pradesh, aiming to eventually add about 12,000 jobs to its workforce in India, three sources familiar with the matter told Reuters. The move follows similar deals by IT firms Tata …

Exclusive-Accenture proposes new campus in India’s Andhra Pradesh, eyes adding 12,000 jobs Read More »