Reuters India Business

By Anant Chandak BENGALURU (Reuters) – India’s dominant services industry grew faster in March amid strong demand, according to a private business survey that also showed employment increased at the fastest rate in seven months and export business expanded at a record pace. The final HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, …

India’s services growth accelerated in March, exports at record high, PMI shows Read More »

By Timothy Gardner WASHINGTON (Reuters) – The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism’s effectiveness is helped by the recent actions of Indian refiners, U.S. officials will tell an event in New Delhi on Thursday, according to prepared …

US to tell event in India that price cap on Russian oil working Read More »

By Aditi Shah NEW DELHI (Reuters) – The CEO of India’s Vistara Airlines told employees at a meeting on Wednesday that it will revise crew rosters and may scale back flights to address ongoing disruption due to a sudden shortage of pilots, two people familiar with the discussions said. Vistara, owned by the Tata group …

India’s Vistara could cut flights amid pilot shortage, sources say Read More »

(This March 26 story has been corrected to remove incorrect reference of Zee being a loss making company, in paragraph 2) BENGALURU (Reuters) – India’s Zee Entertainment should substantially reduce losses in its businesses, including its English TV channels, and cut costs in other areas to meet a key profit target, according to a company-formed …

India’s Zee should focus on cost cuts, struggling businesses in profit pursuit, panel says (March 26) Read More »

By Manoj Kumar NEW DELHI (Reuters) – India is aiming to expand its seafood exports to around $12 billion in the next two years from $8 billion currently, mainly by focusing on high-end markets including the United States and Europe, two government officials said on Wednesday. India has emerged as the biggest supplier of seafood, …

India aims to expand seafood exports to $12 billion in two years, sources say Read More »

By Nimesh Vora MUMBAI (Reuters) – Indian rupee’s exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said. This came after brokers thought a central bank rule, to be effective on April 5, that …

Turmoil in India’s exchange-traded FX options on forced position unwinding Read More »

By Swati Bhat MUMBAI (Reuters) – Strong economic growth and moderating inflation means India’s central bank will have room to keep interest rates on hold at its review this week and likely until July, economists say. The Reserve Bank of India (RBI) is widely expected to keep rates unchanged on Friday, for the seventh consecutive …

India’s ‘Goldilocks’ economy to prompt cenbank to keep rates on hold Read More »

NEW DELHI (Reuters) -Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity, India’s oil secretary Pankaj Jain said on Wednesday. As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices. …

High crude oil prices a cause for concern, India’s oil secretary says Read More »