By Nimesh Vora MUMBAI (Reuters) – The Indian rupee traded lower on Wednesday, but a well recognised support level ensured that the currency fared better than many of its Asian peers. The rupee was at 83.95 to the U.S. dollar at 10:40 a.m. IST, compared with 83.9250 in the previous session. The currency has been …
Rupee stalls at familiar support after opening dip Read More »
By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Apple is tying up with India’s Bharti Airtel to offer the telecom firm’s premium customers its music and video streaming services for free, giving the U.S. giant access to thousands of consumers in the world’s most populous nation. With mostly English-language content, Apple TV+ is a small …
Apple eyes bigger slice of India’s streaming, music market with Airtel deal Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s NSE Nifty 50 recovered from a flat start to hit record highs on Wednesday, boosted by extended gains in information technology stocks as traders look forward to rate cuts by the US Federal Reserve. The benchmark index rose as much as 0.38% to an all-time high of 25,114.05. The …
By Anushree Ashish Mukherjee (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected interest rate cut by the Federal Reserve next month. Spot gold rose 0.3% to $2,524.94 per ounce, as of 2:57 p.m. ET (1857 GMT), …
Gold rises on softer dollar; market awaits further Fed guidance Read More »
By Lewis Jackson and Nichola Groom (Reuters) – U.S. Customs and Border Protection has detained nearly $43 million in shipments of electronics equipment from India since October under a 2022 law banning goods made with forced labor, according to agency data, representing a new focus for the trade enforcement agency. While CBP does not specify …
Indian solar panels face US scrutiny for possible links to China forced labor Read More »
By Praveen Paramasivam CHENNAI (Reuters) -Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on Tuesday, after agreeing to a new five-year deal. The agreement averted further issues in an already-strained global supply chain, which is struggling with higher freight costs …
Indian port workers call off strike, agree new wage deal Read More »
By Jayshree P Upadhyay Mumbai (Reuters) -The National Stock Exchange of India (NSE) on Tuesday restarted the process of its long-pending public offer, according to two sources with direct knowledge of the matter, which, if approved, could be one of the largest IPOs in the country. The exchange has reapplied for a “no-objection” with Securities …
By Rishika Sadam HYDERABAD (Reuters) – India’s Bharat Biotech said on Tuesday its oral cholera vaccine cleared a late-stage trial and that it plans a global launch, aiming to make up to 200 million doses a year amid an expanding outbreak of the disease and treatment shortages. India’s drug regulator has approved the vaccine, called …
India’s Bharat Biotech to launch oral cholera vaccine amid global shortage Read More »
BENGALURU (Reuters) – Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify its borrowings, its chief executive told Reuters on Tuesday. (Reporting by Nishit Navin; Editing by Sonia Cheema)
BENGALURU (Reuters) – Zee Entertainment Enterprises along with Sony’s local unit and Bangla Entertainment (BEPL) have mutually agreed to withdraw all claims against each other, the Indian media giant said on Tuesday. As part of the settlement, the firms will withdraw all claims made at the Singapore International Arbitration Centre and at India’s national tribunal. …
India’s Zee, Sony and BEPL settle merger disputes Read More »
