Reuters India Business

India’s trade minister to visit US on September 22 for talks

(Reuters) -India’s Trade Minister Piyush Goyal will visit Washington on September 22 to accelerate talks on a long-pending trade deal, following recent progress in negotiations resumed last week. “The delegation plans to take forward the discussions with a view to achieve early conclusion of a mutually beneficial trade agreement,” an official statement said on Saturday. …

India’s trade minister to visit US on September 22 for talks Read More »

India says that Trump’s H-1B visa fee hike could disrupt families

NEW DELHI (Reuters) -India said on Saturday that the Trump administration’s move to increase U.S. H-1B visa fees to $100,000 per year was likely to have humanitarian consequences, warning of potential disruptions for families. India was the largest beneficiary of the U.S. H-1B skilled worker visas last year, accounting for 71% of approved applications. Companies …

India says that Trump’s H-1B visa fee hike could disrupt families Read More »

India plans strategic rare earths reserve, Bloomberg News reports

(Reuters) -India is considering setting up a strategic reserve of critical minerals for emergency use in defence manufacturing, Bloomberg News reported on Saturday, citing a defence official. The reserve of critical minerals and metals would be used to “tide over immediate requirement” when needed, the report added, citing Rajesh Kumar Singh, a top Ministry of …

India plans strategic rare earths reserve, Bloomberg News reports Read More »

India signs deepsea mining exploration deal with International Seabed Authority

NEW DELHI (Reuters) -India has signed a 15-year contract with the International Seabed Authority for exclusive rights to explore polymetallic sulphides in the Indian Ocean, the government said on Saturday. Polymetallic sulphides, which form around hydrothermal vents on the seafloor, contain high concentrations of metals such as copper, zinc, gold and silver – essential for …

India signs deepsea mining exploration deal with International Seabed Authority Read More »

New US H-1B visa fee could disrupt Indian IT operations, says industry body

By Haripriya Suresh NEW DELHI (Reuters) -Imposing a new $100,000 annual fee on H-1B visa applications could disrupt the global operations of Indian technology services companies that deploy skilled professionals to the United States, India’s IT industry body Nasscom said on Saturday. The White House announced the new fee on Friday, prompting some major U.S. …

New US H-1B visa fee could disrupt Indian IT operations, says industry body Read More »

Central Indian state secures record-low price for solar-plus-storage power project

NEW DELHI (Reuters) – The central Indian state of Madhya Pradesh has secured India’s lowest-ever price for buying solar power backed by battery storage in a clean energy auction, a top state official said, in a deal that could reshape how states buy power. CEIGALL India and ACME Solar won the tenders to supply clean …

Central Indian state secures record-low price for solar-plus-storage power project Read More »

India regulator still reviewing more than a dozen allegations against Adani, sources say

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator is still looking into more than a dozen allegations that Adani Group and its offshore funds broke securities regulations, two sources with direct knowledge of the investigations said on Friday. They spoke a day after the Securities and Exchange Board of India (SEBI) dismissed two …

India regulator still reviewing more than a dozen allegations against Adani, sources say Read More »

Adani Group stocks rise as SEBI’s dismissal signals end to Hindenburg overhang

By Kashish Tandon (Reuters) – Adani Group stocks closed higher on Friday, a day after India’s markets regulator dismissed parts of short-seller Hindenburg Research’s stock manipulation allegations against billionaire Gautam Adani and his conglomerate, signalling a potential end to the group’s regulatory troubles. The Securities and Exchange Board of India is still examining more than …

Adani Group stocks rise as SEBI’s dismissal signals end to Hindenburg overhang Read More »

Russian October Urals crude price up at Indian ports despite sanctions risks, sources say

MOSCOW/NEW DELHI (Reuters) – The price of Russia’s Urals crude oil for delivery to top buyer India is rising despite growing sanctions risks as Ukrainian attacks on Russian ports and pipelines and tightened sanctions prompt concerns about supply, four market sources told Reuters on Friday. Ukrainian drone attacks disrupted exports in September and heightened risks …

Russian October Urals crude price up at Indian ports despite sanctions risks, sources say Read More »

Close Bitnami banner
Bitnami