Reuters India Business

By Jayshree P Upadhyay Mumbai (Reuters) – The Securities and Exchange Board of India on Thursday dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research. SEBI began investigating Adani Group companies, including Adani Ports, Adani Power and Adani Enterprises, in 2023 after Hindenburg accused …

India’s SEBI dismisses Hindenburg allegations against Adani group Read More »

MUMBAI (Reuters) – The Indian rupee weakened alongside its regional peers on Thursday as investors digested the U.S. Federal Reserve’s widely anticipated interest rate cut and its measured stance on further easing of benchmark borrowing costs. The rupee closed at 88.13 against the U.S. dollar, down 0.36% on the day. Asian currencies were down between …

Rupee ends lower tracking Asian peers as investors parse Fed outlook Read More »

By Jonathan Stempel and Dan Catchpole (Reuters) – The families of four passengers killed in the June 12 crash of an Air India Boeing 787 said in a lawsuit that the accident resulted from allegedly faulty fuel switches, which the U.S. Federal Aviation Administration has said do not appear to have caused the accident that …

Boeing, Honeywell sued by Air India crash victim families Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission set out plans on Wednesday to deepen cooperation with India in fields such as defence, technology and trade, despite tensions over New Delhi’s close ties to Moscow. The European Union and India are in the final stages of negotiating a free trade agreement, which they aim …

EU eyes deeper India alliance despite concern over Moscow ties Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose on Wednesday, supported by a weaker dollar ahead of an expected U.S. Federal Reserve rate cut and upbeat sentiment from trade talks with Washington. The rupee rose to an intra-day peak of 87.73 during the session before ending at 87.8150, up 0.27% on the day, …

Rupee posts best day in a month as investors gear up for Fed outcome Read More »

By Manvi Pant (Reuters) – Urban Company’s shares surged 74% in their trading debut on Wednesday, notching a $3 billion valuation, after one of 2025’s most-heavily subscribed IPOs signalled investor confidence in its dominance of India’s emerging home-services sector. Among the biggest IPOs so far in 2025 – including HDB Financial, Hexaware Tech and Ather …

India’s Urban Company soars 74% in trading debut, hits about $3 billion valuation Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) – Indian shares edged higher on Wednesday, driven by broad-based gains, as progress in trade talks with the United States and expectations of a rate cut by the U.S Federal Reserve later in the day buoyed investor sentiment. The Nifty 50 rose 0.36% to 25,330.25 and the …

Indian shares edge higher on US trade talks, Fed rate cut prospects Read More »