Reuters India Business

NEW DELHI (Reuters) -The United States has doubled tariffs on Indian imports to as much as 50% as scheduled on Wednesday, hitting goods and produce as varied as garments, jewellery and shrimp. Sectors such as smartphones, pharmaceuticals and energy are exempt from U.S. tariffs, but others such as gems, textiles and some auto components – …

Factbox-Indian textiles, jewellery slapped with 50% Trump tariff; pharma, phones exempt Read More »

NEW DELHI (Reuters) – U.S. President Donald Trump’s doubling of tariffs to as much as 50% on goods from India took effect as scheduled on Wednesday, escalating tension between the world’s two largest democracies and strategic partners. COMMENTARY: MADHAVI ARORA, CHIEF ECONOMIST, EMKAY GLOBAL: “While the tariffs add some downside tail risk, it is too …

Trump’s steep tariffs on India take effect Read More »

By Pranoy Krishna BENGALURU (Reuters) -India’s economy likely slowed to 6.7% in the April–June quarter, a Reuters poll of economists showed, as weak industrial activity and subdued private investment offset a rebound in government spending.  The Indian government has ramped up capital spending during the first quarter of this fiscal year, but weak consumer demand …

India growth likely slowed to 6.7% in April–June and set to ease further  Read More »

By Swati Bhat and Manoj Kumar MUMBAI/NEW DELHI (Reuters) -Indian exporters are bracing for a sharp decline in U.S. orders after trade talks collapsed and Washington confirmed steep new tariffs on the South Asian nation’s goods will take effect from Wednesday, escalating tension between the strategic partners. An additional 25% duty announced by President Donald …

Steep US tariffs set to hit Indian exports from Wednesday Read More »

By Sarah Qureshi (Reuters) – Gold prices climbed to an over two-week peak on Tuesday, lifted by safe-haven demand, as investor confidence in the U.S. central bank wavered following President Donald Trump’s dismissal of a Federal Reserve governor. Spot gold gained 0.5% to $3,382.19 an ounce at 01:50 p.m. ET (1750 GMT), its highest level …

Gold hits two-week high after Trump attempts to fire Fed Governor Cook Read More »

By Sai Ishwarbharath B BENGALURU (Reuters) -India’s largest IT firm Tata Consultancy Services formed a new unit for artificial intelligence-based operations on Tuesday and named insider Amit Kapur as its chief, a company memo seen by Reuters showed. The new AI and services transformation unit will house all of the company’s existing capabilities in the …

India’s TCS forms AI-focused unit and names insider Kapur as head, company memo shows Read More »

(Reuters) -Russia-backed Indian refiner Nayara Energy has appointed industry veteran Teymur Abasguliyev as its chief executive officer, the company said in a statement on Tuesday, amid mounting operational headwinds. Abasguliyev, who was previously chief financial officer at Azerbaijan’s state oil firm SOCAR, will take charge in September, the company said. Last month, Reuters reported that …

Russia-backed Indian refiner Nayara appoints industry veteran Teymur Abasguliyev as new CEO Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks logged their worst session in three months after a U.S. Homeland Security notification confirmed that Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday. On Tuesday, the Nifty 50 fell 1.02% to 24,712.05 and the BSE Sensex lost 1.04% to …

India’s stock benchmarks log worst day in 3 months on tariff worries as US duties loom Read More »