Reuters India Business

MUMBAI/NEW DELHI (Reuters) -India has approved 300 billion rupees ($3.4 billion) compensation to oil marketing companies for losses incurred in selling subsidised cooking gas, Information and Broadcasting Minister Ashwini Vaishnaw said on Friday. The compensation, approved by Prime Minister Narendra Modi’s cabinet, would be paid to state-run Indian Oil Corp, Bharat Petroleum Corp and Hindustan …

India approves $3.4 billion payout to state-run refiners for cooking gas losses Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee ended lower for a fifth straight week, its biggest consecutive weekly drop in six months, as trade tensions between India and the United States escalated following President Donald Trump’s call for new tariffs on Indian goods. The rupee closed marginally higher at 87.6550 against the U.S. …

Rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage Read More »

By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) -India’s biggest state refiners Indian Oil Corp and Bharat Petroleum have bought at least 22 million barrels of non-Russian crude for delivery in September and October, trade sources said, after the U.S. pressured India to halt purchases from Russia. Indian state refiners had been largely absent …

Indian state refiners step up non-Russian oil purchases under Trump pressure Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks fell on Friday, posting their sixth straight weekly loss as U.S. tariffs, trade uncertainty and muted earnings dampened sentiment. The Nifty 50 and the BSE Sensex dropped 0.95% each to 24,363.3 points and 79,857.79, respectively. For the week, they shed 0.8% and 0.9%, respectively. …

India’s Nifty, Sensex suffer longest weekly losing streak in five years on trade, earnings fears Read More »

By Allison Lampert and Aditya Kalra MONTREAL/NEW DELHI (Reuters) -India wants countries to agree a new code of conduct on hiring each other’s airline staff after raising concerns that its fast-growing aviation system is being stifled by the poaching of Indian pilots and cabin crew without adequate notice.  India, one of the world’s fastest-growing aviation …

India presses for global ‘code of conduct’ over pilot poaching Read More »

(Reuters) -U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said on Friday. Trump imposed an additional 25% tariff on Indian goods on Wednesday, citing New Delhi’s continued purchases of Russian oil, taking the total tariff to 50% — far higher than …

Moody’s warns US tariffs may hurt India’s manufacturing push, slow growth Read More »

By Vivek Kumar M (Reuters) -MSCI will add four Indian stocks, including retailer Vishal Mega Mart and online delivery platform Swiggy, to its flagship MSCI Global Standard index, setting them up for potential total inflows of $1 billion. Hitachi Energy India and Waaree Energies will be the other two additions to the index, while Sona …

MSCI to add Swiggy, 3 other Indian stocks to flagship index, reduce Eternal’s weight Read More »