Reuters India Business

By Praveen Paramasivam (Reuters) -Compass Group, the world’s largest caterer, plans to boost its India workforce by up to 75% over the next three years as it adds more clients, including global capability centres, an executive told Reuters. The UK-based company, which employs about 40,000 people in India across functions including food catering and facilities …

UK’s Compass plans to boost India headcount as GCCs drive growth Read More »

By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) -India has suspended an 11% import duty on cotton until September 30, in a move seen as a signal to Washington that New Delhi is willing to address U.S. concerns on agricultural tariffs, while also easing pressure on its garment industry. The temporary suspension, announced late …

India suspends cotton import duty in signal to US, relief for garment industry Read More »

By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee saw its biggest rise in over a month on Tuesday over optimism that U.S. may ease its stance on the additional 25% tariffs imposed on domestic goods after Donald Trump met with the Russian and Ukrainian presidents. The rupee strengthened 0.46% to 86.9500 per U.S. dollar, …

Rupee logs biggest rise in over a month as traders see risks of additional US tariff ebbing Read More »

NEW DELHI (Reuters) -India’s economy needs to expand by about 8% annually over the next decade amid rising geopolitical uncertainties, the federal finance ministry told a panel of lawmakers, with the government expecting domestic demand and investments to drive the growth. Government estimates peg India’s growth at 6.3%-6.8% for the financial year through March 31, …

India needs to grow by 8% amid geopolitical uncertainties, finance ministry says Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -A top panel of India’s market regulator is meeting on Tuesday to consider placing stricter limits on positions in index derivatives in the Indian markets, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) is looking at the rules on equity …

Exclusive-India market regulator reconsiders intraday limits for equity derivatives, sources say Read More »

By Bharath Rajeswaran (Reuters) -India’s equity benchmarks rose on Tuesday, led by Reliance Industries and auto makers on hopes of a demand boost from proposed goods and services tax (GST) cuts. The Nifty 50 gained 0.42% to 24,980.65, while the BSE Sensex added 0.46% to 81,644.39. The broader small-cap and mid-cap indices advanced 0.7% and …

Reliance, auto stocks lead rise in India’s stock benchmarks Read More »

(Refiles to remove duplicated word and fixes a grammatical error in first paragraph.) By Nikunj Ohri NEW DELHI (Reuters) -Prime Minister Narendra Modi has proposed India’s biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as boosting his image amid trade tensions …

India’s complex GST tax and how Modi’s reform will make goods cheaper Read More »

(Reuters) -ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees ($4.57) per month, its most affordable offering yet, as the company looks to deepen its presence in its second-largest market. Global companies often offer cheaper subscription plans for India’s price-sensitive market, targeting the nearly one billion internet …

OpenAI rolls out cheapest ChatGPT plan at $4.6 in India to chase growth Read More »