Reuters India Business

By Arpan Chaturvedi NEW DELHI (Reuters) -India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an order late on Monday asking port authorities to effect …

India’s Kerala state seeks $1.1 billion in compensation from MSC over oil spill Read More »

(Reuters) -India’s retail individual traders in the equity derivatives segment made net losses in fiscal 2025 that widened by 41% to 1.06 trillion rupees, the country’s markets regulator said in a study on Monday. The study comes against the backdrop of a surge in derivatives trading, driven by retail investors, that has prompted the Securities …

Indian retail investor losses on derivative trades widened in 2024-25, regulator says Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose nearly 2% on Monday as signs of strong demand more than offset the impact of a higher-than-expected OPEC+ output hike for August and fresh concerns about the potential impact of U.S. tariffs. Brent crude futures settled up $1.28, or 1.9%, at $69.58. U.S. West Texas Intermediate crude …

Oil prices up; strong demand outweighs surprisingly big OPEC+ output hike Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) -Indian court-appointed legal representatives inspected small-scale factories in recent weeks to seize suspected counterfeit Birkenstock footwear, after the German brand launched an infringement lawsuit, people familiar with the matter said. Birkenstock’s case is occurring around the same time other shoemakers are in the news in India. Crocs this month …

Birkenstock cracks down on fakes in India, court-ordered factory visits held, sources say Read More »

By Anushree Mukherjee (Reuters) – Gold prices pared earlier losses on Monday after U.S. President Donald Trump announced a 25% tariff on goods from Japan and South Korea starting August 1, prompting some safe-haven interest, though a strong U.S. dollar continued to add pressure on the yellow metal. Having initially slid more than 1% on …

Gold pares losses after Trump levies 25% tariffs on Japan, South Korea Read More »

By Rishika Sadam HYDERABAD (Reuters) -Demand for weight-loss drugs is rising at a fast clip in India, where rivals Eli Lilly and Novo Nordisk are competing for market share, data from research firm Pharmarack showed on Monday. Lilly’s Mounjaro, launched in late March, doubled its sales in June to 87,986 units or 260 million rupees …

Demand for obesity drugs shoots up in India as Lilly, Novo vie for market share Read More »

(Reuters) -India’s markets regulator on Monday proposed a rule change that would allow asset management companies (AMC) to offer investment management and advisory services to pooled funds such as family offices or offshore funds with a few investors. Under current rules, AMCs are barred from managing or advising such non-broad-based pooled funds unless they hold …

India markets regulator proposes allowing AMCs to advise pooled funds Read More »

(Reuters) -Titan Company’s domestic sales rose 19% in the first quarter led by higher gold prices, outpacing the 9.3% growth from a year ago, the Indian jewellery and watch maker said on Monday. Its mainstay domestic jewellery business, which contributes close to 90% to its overall revenue, grew 18% year-on-year, the company said in a …

Indian jewellery maker Titan’s quarterly revenue rises on higher gold prices Read More »