Reuters India Business

By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) -Indian refiners boosted U.S. crude oil purchases this month, drawn by competitive prices, trade sources said, a move that could help narrow the country’s trade deficit with the United States amid tensions between the two nations. The country’s top refiner, Indian Oil Corp, has bought 5 …

India boosts US oil purchases on competitive prices, narrows trade deficit Read More »

By Sarah Qureshi and Anushree Mukherjee (Reuters) – Gold prices hit a five-week high on Thursday, supported by a softer dollar and safe-haven flows, due to ongoing concerns over the Federal Reserve’s independence. Spot gold rose 0.6% to $3,416.14 per ounce at 0147 p.m. ET (1747 GMT), hitting its highest level since July 23. U.S. …

Gold hits 5-week peak on weaker dollar, Fed independence concerns Read More »

By Abhijith Ganapavaram NEW DELHI (Reuters) -India will allow IndiGo to continue leasing two planes from Turkish Airlines for another six months, India’s largest airline said on Thursday, in a reversal of a decision from May when New Delhi told IndiGo to end the arrangement by August 31.  The new extension expires on February 28, …

India reverses course to extend IndiGo’s leasing deal with Turkish Airlines Read More »

By Ashwin Manikandan and Ira Dugal MUMBAI (Reuters) -Tens of thousands of Indian small businesses are scrambling to find new buyers in markets across Europe, Africa and Asia to dull the impact of a 50% tariff on exports to the U.S. that took effect on Wednesday. Firms also front-loaded shipments earlier in August ahead of …

India’s small businesses scramble to cushion blow from Trump’s 50% tariffs Read More »

MOSCOW/LONDON (Reuters) -Russian oil exports to India are set to rise in September, dealers said, as New Delhi defies U.S. punitive tariffs designed to force the country to stop the trade and push Moscow towards a peace deal with Ukraine. India has become the biggest buyer of Russian oil supplies that were displaced by Western …

Exclusive-India’s Russian oil imports set to rise in September in defiance of US Read More »

NEW DELHI (Reuters) -India’s industrial output grew at its fastest pace in four months in July, aided by a rise in manufacturing activity, government data showed on Thursday. Industrial output grew 3.5% year-on-year last month, higher than 2.1% projected by economists in a Reuters poll. Industrial output grew 1.5% year-on-year in June. KEY NUMBERS * …

India’s industrial output rises to 4-month high in July Read More »