Reuters India Business

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes resumed their downward trend this week as fears of an escalating global trade war weighing on the U.S. economy hit heavyweight information technology stocks hard. The Nifty 50 fell 0.69% in the holiday-shortened week to 22,397.2, while the Sensex lost 0.68% to 73,828.91. On …

Indian shares log weekly losses as IT stocks drop on US growth worries Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose on Thursday, aided by dollar sales from foreign banks and the trimming of short bets against it, over a trading session that was impacted by an outage on the London Stock Exchange Group’s (LSEG) foreign exchange trading platform. The rupee closed at 86.9975 against the …

Rupee ends higher on foreign banks’ dollar sales, positional adjustments Read More »

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – India’s telecom regulator plans to recommend that satellite broadband spectrum be allotted for around five years to assess initial market adoption, defying Elon Musk’s Starlink, which is seeking a 20-year permit, said a senior government source. The Telecom Regulatory Authority of India (TRAI) is currently …

India watchdog plans to limit satellite permits to five years, defying Musk’s Starlink Read More »

By Ashitha Shivaprasad and Ishaan Arora (Reuters) – Safe-haven gold rose on Wednesday, aided by tariff uncertainty and a cooler inflation report that keep bets for a U.S. rate cut intact. Spot gold was up 0.7% at $2,934.93 an ounce as of 1610 GMT. U.S. gold futures rose 0.7% to $2,942.50. “The concern continues to …

Gold rises on tariff uncertainty, cooler US inflation data Read More »

By Sarita Chaganti Singh and Manoj Kumar NEW DELHI (Reuters) -India’s retail inflation fell below 4% in February for the first time in six months mainly due to a decline in vegetable prices, giving the central bank room to cut rates further in coming meetings. Annual retail inflation in February eased to 3.61%, below economists’ …

India’s retail inflation slips below 4% for first time in six months, boosts rate cut hopes Read More »

By Aditya Kalra NEW DELHI (Reuters) – Apple has successfully blocked its opponents in India, Tinder-owner Match and a group of startups, from accessing its commercially sensitive information which was part of antitrust findings against the U.S. firm, a confidential order shows. An investigation by the Competition Commission of India (CCI) last year found Apple …

Apple blocks Tinder owner, startups from commercial secrets in India antitrust case Read More »