Reuters India Business

BENGALURU (Reuters) -India’s Infosys will consider a proposal for a buyback of equity shares on September 11, the IT services company said on Monday. (Reporting by Nishit Navin; Editing by Krishna Chandra Eluri)

By Manoj Kumar NEW DELHI (Reuters) -India is likely to finalise the terms of reference for a proposed free trade agreement with Qatar in early October, a government source said on Monday, as it pushes to forge deeper global partnerships and offset the impact of U.S. tariffs. Trade Minister Piyush Goyal could visit Doha on …

India likely to finalise Qatar trade pact framework in October as Trump tariffs bite Read More »

KYIV (Reuters) -The loss of Ukrainian oil refineries this summer has forced traders to compensate with imports, purchasing diesel fuel even from India, which imports a significant portion of its crude oil from Russia, an analyst said at the weekend. Russia is attempting to win its war with Ukraine in part by attacking Ukrainian oil …

Ukraine imports Indian-origin diesel fuel after loss of key refinery, analyst says Read More »

By Mohi Narayan SINGAPORE (Reuters) -The spot supply of Russian oil has not changed from earlier, with barrels trading at a discount of $2-$3 per barrel to Dubai for delivery at Indian ports, said Anuj Jain, head of finance at Indian Oil Corp, the country’s top refiner. As Europe and the U.S. have shunned Russian …

India’s top refiner says Russia’s spot oil supply is normal Read More »

(Reuters) -India’s low-cost carrier SpiceJet said on Monday that it has fully repaid $24 million to UBS-owned Credit Suisse, fulfilling the terms of the settlement agreement signed in May 2022. The companies have been engaged in a legal dispute since 2015 over the bank’s claim of unpaid dues. (Reporting by Urvi Dugar)

By Sethuraman N R NEW DELHI (Reuters) -India has cancelled grid access for nearly 17 gigawatts (GW) of delayed clean energy projects to prioritise connections for those that are operational or nearing completion, according to a source familiar with the matter and official documents reviewed by Reuters. The state-run Central Transmission Utility of India Ltd …

India revokes grid access for 17 GW of clean energy projects, says source Read More »

(Reuters) -U.S. President Donald Trump’s 50% tariffs on India could reduce the country’s gross domestic product by half a percent this year, the nation’s Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday. “Depending upon how long it lasts even in this financial year, it may translate into a GDP …

India’s chief economic adviser says Trump’s tariffs could shave 0.5% off GDP, Bloomberg News reports Read More »