Reuters India Business

Indian, US investigators to meet next week on Air India crash, Bloomberg News reports

Dec 6 (Reuters) – India will send investigators to the U.S. next week to review data gathered on the deadly Air India flight crash in June with the National Transportation Safety Board, Bloomberg News reported on Saturday. Indian investigators plan to share findings, including any information gleaned from the plane’s cockpit voice and flight data …

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Factbox-What are India’s pilot safety rules that hit IndiGo operations and air travel

NEW DELHI, Dec 6 (Reuters) – India’s stricter pilot fatigue management rules hit IndiGo hard this week as it had failed to plan for changes in its rosters, throwing operations of the country’s biggest airline into disarray and disrupting air travel across the country. The new regulations, first proposed in early 2024, were implemented in …

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India’s strong fundamentals to support 7% growth despite global risks, finance minister says

By Manoj Kumar NEW DELHI, Dec 6 (Reuters) – India’s economic growth will accelerate to at least 7% this year as fundamentals remain robust despite global uncertainties, Finance Minister Nirmala Sitharaman said on Saturday. “Fundamentals of the economy are strong,” Sitharaman said at the Hindustan Times Leadership Summit in New Delhi, adding that consumer spending …

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RBI rate cut, FX swap knock forwards lower; weak rupee outlook caps fall

By Nimesh Vora MUMBAI, Dec 5 (Reuters) – The Indian rupee forward premiums dropped on Friday following the central bank’s rate cut and forex swap, though currency traders say a softer spot trajectory should cap the downside. MARKET REACTION In the interbank order-matching system, the November 2026 forward premium fell to 1.91 rupees from 2.18 …

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Biocon fully integrates Biocon Biologics in $5.5 billion deal

By Rishabh Jaiswal and Rishika Sadam BENGALURU, Dec 6 (Reuters) – Indian biopharmaceutical company Biocon said on Saturday it would fully integrate its biosimilar unit Biocon Biologics as a wholly owned subsidiary, consolidating Biocon’s biosimilars and generics businesses under one roof. Biocon said it will acquire the remaining stakes in Biocon Biologics from Serum Institute …

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Indian rupee to rise from record lows, but US trade deal key for recovery- Reuters poll

By Pranoy Krishna BENGALURU, Dec 4 (Reuters) – The Indian rupee will regain some lost ground against the U.S. dollar over the next three months, according to a Reuters poll of FX strategists, but a reversal in the currency’s fortunes hinges upon India and the U.S. agreeing to a trade deal. U.S. President Donald Trump’s …

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Rupee marks quiet end to historic week, lags regional peers after RBI rate cut

By Jaspreet Kalra MUMBAI, Dec 5 (Reuters) – The rupee closed little changed on Friday after the Reserve Bank of India cut policy rates, logging a quiet close to a week which saw the currency fall below 90 per dollar for the first time on worries about dwindling dollar inflows into the economy. The rupee …

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India’s Healthify eyes more weight-loss drugmaker tie-ups after Novo Nordisk pact

By Rishika Sadam and Abhirami G BENGALURU, Dec 5 (Reuters) – Indian health-tech startup Healthify is in talks to partner with more weight-loss drugmakers to offer health, nutrition and lifestyle coaching, after signing a deal with Novo Nordisk’s India unit, its chief executive said. The deal marks Healthify’s first such partnership with a drugmaker, and …

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India issues directive to all airlines mandating adherence to prescribed fare caps

Dec 6 (Reuters) – India’s Ministry of Civil Aviation said on Saturday a directive has been issued to all airlines mandating strict adherence to all fare caps that have been prescribed to protect passengers from any form of opportunistic pricing. The price caps will remain in force until India’s flight situation fully stabilises, the ministry …

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