Reuters India Business

(Reuters) -ChatGPT parent OpenAI is scouting local partners to set up a data center in India with at least 1 gigawatt capacity, Bloomberg News reported on Monday, citing unidentified sources. Reuters could not immediately verify the report. OpenAI did not immediately respond to a Reuters request for comment outside regular business hours. OpenAI, backed by …

OpenAI plans India data center with at least 1 gigawatt capacity, Bloomberg News reports Read More »

BENGALURU (Reuters) -India’s manufacturing activity expanded at its fastest pace in more than 17 years in August as production accelerated amid strong demand, which added to inflationary pressures, a survey showed on Monday. Asia’s third-largest economy grew at a stronger-than-expected 7.8% in the April-June quarter, well above the Reuters median forecast of 6.7%, government data …

India’s factory growth hits more than 17-year high in August, PMI shows Read More »

By Dharamraj Dhutia and Nimesh Vora MUMBAI(Reuters) -The Indian rupee, after falling to a lifetime low last Friday, will likely remain under pressure this week with U.S. tariffs and sluggish portfolio flows piling on the pressure, while government bonds brace for fiscal developments. The rupee hit an all-time low of 88.3075 against the U.S. dollar …

Rupee may weaken further on tariffs, outflows; bonds to eye fiscal clarity Read More »

By Aditi Shah NEW DELHI (Reuters) -India’s roll-out of fuel blended with 20% ethanol will hurt a vehicle’s mileage by 2%-4% but is safe to use, a lobby group representing the country’s automakers said, aiming to assuage motorists’ concerns in the world’s third-largest car market. India set a 2025 target years ago for 20% ethanol …

Indian automakers say ethanol fuel hurts mileage but is safe, as motorists complain Read More »

NEW DELHI (Reuters) -Adani Power and Torrent Power have bagged orders to cumulatively set up 2,400 megawatt (MW) coal power plants from the Indian central state of Madhya Pradesh, the two companies said in separate statements. MP Power Management Company has awarded a contract to Torrent Power to supply 1,600 MW from a new coal-based …

Indian state awards Adani, Torrent Power contracts for 2,400 MW coal plants Read More »

NEW DELHI (Reuters) -Mukesh Ambani, the chairman of Reliance Industries, India’s most valuable company, said on Friday that Indian firms need to work together to shield the South Asian nation from external shocks and geopolitical risks. WHY IT’S IMPORTANT Reliance, which operates the world’s biggest refining complex in the western state of Gujarat, is also …

Reliance boss Ambani urges Indian businesses to unite to counter geopolitical challenges Read More »