By Haripriya Suresh and Urvi Dugar BENGALURU (Reuters) -India’s massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating contracts while the U.S. debates a proposed 25% tax on American firms using foreign outsourcing services, analysts and lawyers said. The sector is likely to be on the receiving end of a …
India’s IT sector nervous as US proposes outsourcing tax Read More »
(Reuters) -India’s Adani Power said on Thursday it bagged an order to set up an 800 megawatt (MW) coal power plant from the central Indian state of Madhya Pradesh. The development comes weeks after the MP Power Management Company awarded another contract for 800 MW to Adani Power. With this, the total orders awarded by …
Indian state awards Adani Power contract for 800 MW coal plant Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold hovered near all-time highs on Wednesday, supported by expectations that the Federal Reserve will resume rate cuts at next week’s meeting, following softer-than-expected U.S. inflation data. Spot gold was up 0.6% at $3,647.94 per ounce, as of 2:18 p.m. EDT (1817 GMT), after hitting a record high of …
Gold near record highs as softer inflation data fuels Fed cut bets Read More »
MOSCOW (Reuters) -Russia has revised up its September crude export plan from western ports to 2.1 million barrels per day (bpd), an 11% increase from the initial schedule, as drone attacks on domestic refineries reduce local demand for crude, two industry sources and Reuters calculations showed. Shipments from the ports of Primorsk, Ust-Luga, and Novorossiisk …
Russia revises up September oil exports from western ports by 11%, sources say Read More »
ROME (Reuters) -Italian Prime Minister Giorgia Meloni hailed her country’s “excellent” relationship with India in a phone call on Wednesday with her counterpart Narendra Modi, making no mention of U.S. requests for the EU to impose tariffs of up to 100% on Indian imports. According to officials, U.S. President Donald Trump urged the European Union …
Italy’s Meloni speaks to India’s Modi, skirts U.S. tariffs request Read More »
(Reuters) -India’s markets regulator on Wednesday raised the minimum number of accredited investors needed for angel funds to five from three. Angel funds provide capital to early-stage startups. The new rules, notified on Tuesday, are part of the Securities and Exchange Board of India’s (SEBI) measures for stricter scrutiny of angel fund investors. The SEBI …
India markets regulator raises accredited investor requirement for angel funds Read More »
(Reuters) -India’s markets regulator said on Wednesday that its newer rules easing regulatory requirements for foreign investors who invest exclusively in the country’s government bonds will come into effect from February 8, 2026. The Securities and Exchange Board of India (SEBI) first announced the new rules at its board meeting in June, along with a …
(Reuters) -India’s ACME Group, in a joint venture with Japan’s IHI Corp, will develop one of the country’s largest green ammonia projects in the eastern state of Odisha, the companies announced on Wednesday. The companies did not disclose the details of the investment, but IHI will acquire a 30% stake in the joint venture, while …
India’s ACME forms JV with Japan’s IHI Corp for green ammonia project Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s privately-listed infrastructure investment trusts (InvITs) are set to debut on stock exchanges, with at least three IPOs slated for this financial year, aiming to broaden investor participation and enhance liquidity for existing stakeholders. InvITs are investment schemes similar to mutual funds that allow individuals and institutions to directly …
India’s infra investment trusts look to list amid push for wider investor base Read More »
(Reuters) – Jaguar Land Rover on Wednesday said that “some data” was affected in a cybersecurity incident disclosed last week, which has disrupted production and sales at the British luxury carmaker. JLR did not provide details on what kind of data was affected but said it was informing relevant authorities. “Our forensic investigation continues at …
Britain’s JLR says ‘some data’ affected by cybersecurity incident Read More »
