Reuters India Business

(Reuters) -Indian tech firm Wipro said on Thursday it would buy the digital transformation solutions unit of U.S.-based audio products maker Harman for $375 million, aiming to bolster its AI-led engineering services across sectors. The DTS unit, Harman Connected Services, will be integrated into Wipro’s engineering global business line once the deal is completed — …

India’s Wipro to buy Harman’s digital transformation solutions unit for $375 million Read More »

MOSCOW (Reuters) -India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump’s hefty tariffs on India for buying Russian oil would disrupt their relations. Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, …

India, Russia agree to boost trade ties after foreign ministers meet in Moscow Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a 3-½-year high, making overseas purchases lucrative, industry officials told Reuters. A shipment of 6,000 tons of canola oil from the United Arab Emirates is expected to arrive at Kandla …

India imports canola oil after 5 years as local prices surge Read More »

By Aditya Kalra and Aftab Ahmed BENGALURU (Reuters) -India’s parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi’s government flagged the high risk of financial harm. The sudden ban has shocked an industry …

India passes bill to ban money-based online games, app shutdowns loom Read More »

By Jayshree P Upadhyay Mumbai (Reuters) -India’s markets regulator is considering fresh steps to cool the country’s booming equity derivatives markets as it looks to curb trading in a segment where more than 90% of traders suffer losses. The steps could include longer maturity derivatives contracts to product suitability rules that limit retail investor participation …

Indian regulator mulls more steps to cool options market, curb retail investor losses Read More »

By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee fell on Thursday as aggressive dollar buying by oil importers towards the end of the session pressured the local currency even as persistent greenback sales by foreign banks helped offset some of the losses. The Asian currency closed 0.24% lower at 87.2700 per U.S. dollar on …

Rupee slips as oil importers step up dollar purchases Read More »

By Kashish Tandon and Bharath Rajeswaran (Reuters) -India’s equity benchmarks rose for a sixth straight session on Thursday, boosted by financial shares that jumped on a proposal to exempt insurance from tax. The Nifty 50 advanced 0.13% to 25,083.75 and the BSE Sensex gained 0.17% to 82,000.71. Reliance, the third-heaviest stock on the Nifty, climbed …

Reliance, financials power India’s stock benchmarks to 6th day of gains Read More »

BENGALURU (Reuters) -India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on Thursday. The latest results stand in contrast to expectations …

India business activity fastest in at least two decades, price rises sharp, PMI shows Read More »