Reuters India Business

By Nikunj Ohri NEW DELHI (Reuters) -Indian Finance Minister Nirmala Sitharaman on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from punishing U.S. tariffs.  The goods and services tax panel approved lowering taxes on everyday items and simplifying …

India slashes consumption tax on hundreds of items to spur domestic demand Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -Jane Street filed an appeal on Wednesday against India’s markets regulator, seeking to compel it to release documents the U.S. high-frequency trading giant says are pertinent to rebut allegations of market manipulation, according to a case document reviewed by Reuters. The Securities and Exchange Board of India on July …

Exclusive-US trading firm Jane Street files appeal against India markets regulator Read More »

NEW DELHI/BERLIN (Reuters) -India is counting on Germany’s support to deepen its ties with the European Union and expedite trade talks, Foreign Minister Subrahmanyam Jaishankar said on Wednesday, as he urged a doubling of bilateral trade with Berlin. Jaishankar met his German counterpart, Johann Wadephul, who is on a two-day visit to India, in New …

India counting on German support to expedite trade talks with EU Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks rose on Wednesday, led by metals on hopes of improved profitability on China’s plan to reduce its steel output, while expectations of GST cuts helped sentiment. The NSE Nifty 50 rose 0.55% to 24,715.05 and the BSE Sensex added 0.51% to 80,567.71. Fifteen of …

Indian shares rise led by metals; tax cut hopes boost sentiment Read More »

By Anushree Mukherjee and Sherin Elizabeth Varghese (Reuters) -Gold’s latest rally, triggered by expectations of U.S. rate cuts, concerns about Federal Reserve independence and strong demand from investors as well as the central bank, is likely to propel prices to new records in the coming weeks. Analysts see spot gold, which hit a record high …

Looming Fed rate cuts fuel gold price bonanza to records Read More »