By Nikunj Ohri NEW DELHI (Reuters) -India’s federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates but a state ministers’ panel has endorsed the new rate structure, state ministers said on Thursday. India’s government plans to slash the consumption tax it charges consumers …
By Rishika Sadam and Bhanvi Satija (Reuters) -Japanese drugmaker Takeda Pharmaceutical is exploring the option of conducting global clinical trials in India to accelerate the launch of its innovative drugs in the world’s most populous nation, its India head told Reuters. The plan comes at a time when India’s clinical trials market is growing, powered …
Japan’s Takeda weighs India for global trials to speed up drug launches Read More »
(Reuters) -Shares of Nazara Tech slumped over 21% in two sessions and were headed for their steepest two-day fall on Thursday, after India’s lower house of parliament passed a bill banning online games involving monetary stakes, which analysts warned could make the sector “infeasible”. The gaming platform operator’s stock fell 9.5% on the day, extending …
By Patturaja Murugaboopathy and Jaspreet Kalra (Reuters) -Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact. According to LSEG IBES data, forward 12-month earnings estimates for India’s large and mid-cap firms have …
India sees Asia’s biggest earnings downgrades as US tariffs loom Read More »
By Haripriya Suresh BENGALURU (Reuters) -U.S-based healthcare IT firm Availity will more than triple staff at its India tech centre by end-2026, a senior official told Reuters, as it aims to address cost pressures in the U.S. healthcare system and expand its tech capabilities in India. The company will widen its Bengaluru capability centre, targeting …
Healthcare IT company Availity to triple India tech staff by end-2026 Read More »
By Nidhi Verma NEW DELHI (Reuters) -Indian refiner Nayara Energy, backed by Russia and under European Union sanctions, is relying on a dark fleet to import oil and transport refined fuels, according to shipping reports and LSEG flows. Nayara, which controls about 8% of India’s 5.2 million barrel-per-day refining capacity, has been struggling to transport …
Sanctions-hit Indian refiner Nayara turns to dark fleet, tanker data shows Read More »
By Ashitha Shivaprasad (Reuters) – Gold rose on Wednesday as the U.S. dollar eased, with market participants bracing for the upcoming Jackson Hole symposium, while minutes revealed that Federal Reserve dissenters appeared alone in favoring a rate cut at the July meeting. Spot gold gained 0.9% to $3,344.37 per ounce, by 2:23 p.m. EDT (1823 …
Gold firms as dollar weakens, focus on Jackson Hole Read More »
MOSCOW (Reuters) -Russia sees potential to export liquefied natural gas to India, news agencies quoted First Deputy Prime Minister Denis Manturov as saying on Wednesday. He also said, according to RIA news agency, that Russia was counting on expanding nuclear energy cooperation with India. His comments came after U.S. Donald Trump imposed extra 25% tariffs …
By Abhijith Ganapavaram NEW DELHI (Reuters) -An Indian parliamentary committee on aviation has warned that staffing shortages at the country’s air safety regulator and lack of air traffic controllers pose a threat to safety in one of the world’s fastest growing aviation markets. The Directorate General of Civil Aviation is grappling “with a profound and …
By Nikunj Ohri NEW DELHI (Reuters) -A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance premiums for individuals, two state ministers told reporters on Wednesday. The panel met days after Prime Minister Narendra Modi announced sweeping cuts to the GST to boost India’s …
India panel proposes exempting taxes on health, life insurance Read More »
