Reuters India Business Archives - Page 221 of 1191

Rupee to dig its heels near 86/USD before US inflation data test

15 Jul 2025 15 Jul 2025

By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is expected to hold near the key 86-per-dollar level on Tuesday, with traders awaiting U.S. inflation data that could influence expectations around Federal Reserve rate cuts. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged from 85.9850 on Monday. The Indian currency spent much …

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Jane Street deposits $567 million so it can resume India trading

14 Jul 2025 14 Jul 2025

By Jayshree P Upadhyay MUMBAI (Reuters) -U.S. high-frequency trading giant Jane Street, which has been accused of market manipulation by Indian authorities, has deposited $567 million in an escrow account so that it can resume trading in the country. The Securities and Exchange Board of India (SEBI) barred the firm this month from buying and …

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Oil falls as Trump gives Russia 50 days to avoid new sanctions

14 Jul 2025 14 Jul 2025

By Nicole Jao NEW YORK (Reuters) -Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. President Donald Trump for sanctions on buyers of Russian oil that may affect global supplies, while still worried about Trump’s tariffs. Brent crude futures settled $1.15, or 1.63%, lower to $69.21 a …

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Gold eases after hitting three-week high

14 Jul 2025 14 Jul 2025

By Sarah Qureshi (Reuters) – Gold prices edged lower after hitting a three-week high on Monday, with attention focused on trade talks and U.S. economic data, while silver climbed to its highest level since September 2011. Spot gold was down 0.1% at $3,350.97 per ounce, as of 0144 p.m. EDT (1744 GMT), after reaching its …

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India hits 50% non-fossil power milestone ahead of 2030 clean energy target

14 Jul 2025 14 Jul 2025

(Reuters) -India said on Monday it has achieved 50% of its installed electricity capacity from non-fossil fuel sources — five years ahead of its 2030 target under the Paris Agreement, signalling accelerating momentum in the country’s clean energy transition. WHY IT’S IMPORTANT The announcement comes as India’s renewable power output rose at its fastest pace …

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India’s HCLTech narrows revenue forecast, sees demand stability

14 Jul 2025 14 Jul 2025

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -HCLTech, India’s third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected. The company’s net profit for the June quarter fell 9.7% from a year ago to 38.43 billion rupees. Meanwhile, its consolidated quarterly …

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Freight rates fall for Russian Urals oil, but new sanctions may change that, traders say

14 Jul 2025 14 Jul 2025

MOSCOW (Reuters) -Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said. The European Union is finalising its 18th sanctions package on Russia, which may include a lower …

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India’s Sun Pharma launches hair loss drug Leqselvi in US after patent settlement

14 Jul 2025 14 Jul 2025

By Rishika Sadam (Reuters) -India’s top drugmaker by revenue Sun Pharma on Monday launched its anti-baldness drug Leqselvi in the U.S., following the settlement of a patent dispute with Incyte Corp. The company said 8 mg Leqselvi tablets for severe alopecia areata will be available in the U.S., after a launch delay caused by a …

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Temasek eyes more Indian family-run businesses after Haldiram’s deal

14 Jul 2025 14 Jul 2025

By Dhwani Pandya MUMBAI (Reuters) -Singapore’s state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company. Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global …

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India’s retail inflation slumps to more than six-year low as food prices fall

14 Jul 2025 14 Jul 2025

By Sarita Chaganti Singh and Aftab Ahmed NEW DELHI (Reuters) -India’s annual retail inflation slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank’s tolerance band, as food prices continued to ease, making a case for further interest rate cuts. This was lower than the 2.5% …

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