Reuters India Business

By Sherin Elizabeth Varghese (Reuters) – Gold prices pared losses on Thursday, holding at near-record highs as soft U.S. jobs data outweighed concerns from firmer inflation data, with investors still betting on the Federal Reserve easing interest rates next week. Spot gold was down 0.2% at $3,632.49 per ounce, as of 2:20 p.m. EDT (1820 …

Gold pares losses as labor market weakness bolsters Fed easing expectations Read More »

(Reuters) – India’s No. 2 IT services provider Infosys approved a share buyback worth 180 billion rupees ($2.04 billion), its largest ever, the company said on Thursday. It has set a buyback price of 1,800 rupees per share, and said the repurchase would be conducted via the tender offer route. The latest buyback is also …

Infosys approves share buyback worth $2 billion Read More »

By Aditya Kalra NEW DELHI (Reuters) -An Indian court on Thursday dismissed a plea by Asian Paints to quash an ongoing antitrust inquiry against the company, six people familiar with the proceedings said. The Competition Commission of India is investigating Asian Paints, which has a 52% market share, after officials found merit in a complaint …

Indian court dismisses Asian Paints’ plea against antitrust inquiry, sources say Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s largest private port operator, Adani Group, has banned entry of tankers that are sanctioned by Western countries at all of its ports, three sources said and documents show, a move that could hit Russian oil supplies for two Indian refiners. Adani did not immediately respond to Reuters …

India’s Adani bans entry of sanctioned ships at its ports, sources say Read More »

By Sharafat Ali (Reuters) -Apple growers in Indian Kashmir are staring at huge losses this year as floods and highway closures disrupt the peak harvest season, enmeshing growers and truckers in uncertainty, farmers and industry officials say. Losses of between 6 billion rupees and 7 billion rupees ($68 million and $79 million) are estimated as …

Apple growers in Indian Kashmir face crippling losses from floods, road closures Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s benchmark Nifty 50 index rose for a seventh straight session on Thursday, its longest daily winning streak in over four months, with optimism over U.S.-India trade talks trumping profit-booking seen in information technology shares. The Nifty 50 edged up 0.13% to 25,005.5, and the BSE …

India’s Nifty 50 logs longest winning streak in four months on US trade talk hopes Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee dropped to an all-time low against the U.S. dollar on Thursday, in a slide that reflects the mounting strain of U.S. tariffs on Asia’s third largest economy. The rupee closed 0.39% lower at 88.4425 against its previous close of 88.1000. The currency had …

India rupee sinks to record low, US tariffs keep outlook fragile Read More »

By Aditi Shah NEW DELHI (Reuters) – Fuel blended with 20% ethanol is safe to use, an executive at Indian SUV maker Mahindra & Mahindra said on Thursday as the country rolls out E20 in a clean energy drive, but he added that vehicles could see reduced mileage and acceleration. E20 recently became the only …

E20 fuel safe but curbs vehicle performance, Mahindra executive says Read More »

By Sethuraman N R NEW DELHI (Reuters) -India is preparing to launch a national carbon capture initiative with substantial government incentives, as it seeks to balance rising energy demand with its climate goals while relying on coal, a senior official at India’s leading policy think tank said on Thursday. The initiative, aimed at promoting carbon …

India to offer large carbon capture incentives as coal remains major part of energy mix Read More »