Reuters India Business

By Aditya Kalra NEW DELHI (Reuters) -Publicis has sued India’s antitrust watchdog for denying access to case files in a high-profile price-fixing investigation of ad agencies, after the French group failed to get the probe stalled until it could review the documents, court filings show. The Competition Commission of India (CCI) shook India’s near-$30 billion …

Publicis sues India antitrust body for denying case files in ad agencies probe Read More »

By Ashwin Manikandan and Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P’s upgrade offered a silver lining. The rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday’s close of 87.4400, navigating a choppy session that saw it swing between …

Rupee slips; S&P upgrade lends a lifeline ahead of Trump-Putin meet Read More »

By Aditya Kalra NEW DELHI (Reuters) -Top India executives of FedEx, UPS, Aramex and DHL are set to be cross-examined in coming weeks by a book publishers’ group which accused them of price collusion, a new twist in an antitrust probe that cleared the courier companies of wrongdoing last year, a document shows. Allowing a …

FedEx, UPS, DHL executives to face fresh scrutiny in India antitrust case Read More »

(Refiles to correct typo in CEO’s name in paragraph 1) (Reuters) -India’s Vodafone Idea on Thursday named insider Abhijit Kishore as CEO and reported a smaller-than-expected first-quarter loss as the telecom operator continued to benefit from the previous year’s price hikes. Kishore, currently chief operating officer, will replace CEO Akshaya Moondra when his term ends …

India’s Vodafone Idea posts smaller-than-expected loss, names new CEO Read More »

By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) -India’s merchandise trade deficit hit an eight-month high of over $27 billion in July as imports surged faster than exports ahead of U.S. President Donald Trump’s announcements of new tariffs on trading partners, including India. July exports showed no major fallout from Washington’s decision to sharply …

India trade deficit hits eight-month high in July ahead of US tariff hikes Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -More than four months before India’s market regulator began formally investigating Jane Street for manipulation in April 2024, it received information from the country’s top stock exchange indicating unusual activity by the U.S. trading giant, according to three people familiar with the matter. The National Stock Exchange (NSE) told …

How India struggled to regulate Jane Street’s money-spinning machine Read More »

By Nidhi Verma NEW DELHI (Reuters) -India’s state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India’s efforts to deepen energy ties with Washington. India, the world’s third-largest oil importer, is increasing imports from the …

India BPCL buys 10 million barrels of US oil via five-month tender, sources say Read More »