Reuters India Business

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled 1% higher on Wednesday as investors focused on developments on U.S. President Donald Trump’s tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil. The Brent crude September contract, which was set to expire on Thursday, closed …

Oil rises over 1% as investors weigh Trump’s Russia stance, tariff threats Read More »

(Corrects style for attribution in headline) By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator has asked stock exchanges to share detailed data of trading by U.S. brokerage Jane Street across all indexes from January 2023 to May 2025, two sources with direct knowledge of the matter told Reuters, formally widening its probe into alleged …

India regulator seeks trading data from exchanges in wider Jane Street probe, sources say Read More »

By Trixie Yap SINGAPORE (Reuters) -Three vessels laden with oil products from India’s Nayara Energy have yet to discharge their cargoes, hindered by new EU sanctions on the Russia-backed refiner, according to shipping data and sources. Nayara Energy, which runs India’s third-biggest refinery, is majority-owned by Russian entities, including oil major Rosneft. It was hit …

Ships carrying fuel from India’s Nayara refinery in limbo, sources say Read More »

By Giulio Piovaccari and Giulia Segreti MILAN/ROME (Reuters) -India’s Tata Motors will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, after the Italian truckmaker separately agreed to sell its defence business to Leonardo. Boosting its commercial vehicles business, Tata will launch an all-cash tender offer for …

Tata Motors to buy Italy’s Iveco after defence unit disposal Read More »

By Nandan Mandayam and Chandini Monnappa (Reuters) -Mahindra & Mahindra said it is “comfortably covered” on rare-earth magnets, joining rival Hyundai India in downplaying near-term risks from China’s export curbs, as it banks on substitutes like light rare-earths and ferrites to shield production. Mahindra Auto and Farm Sector CEO Rajesh Jejurikar said in a post-earnings …

India’s Mahindra leans on rare earth substitutes, quarterly profit tops view Read More »

(Reuters) -Interglobe Aviation, the operator of IndiGo, posted a drop in first-quarter profit on Wednesday, hit by ballooning forex losses and softer growth following border tensions between India and Pakistan. India’s largest airline by market share reported a profit of 21.61 billion rupees ($247.2 million) for the April–June quarter, down from 27.27 billion rupees a …

India’s IndiGo posts lower first-quarter profit as forex losses weigh Read More »