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Trump says US could reach trade deal with India, casts doubt on deal with Japan

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The United States could reach a trade deal with India that would help American companies compete in the South Asian country and leave it facing far lower tariffs, President Donald Trump said on Tuesday, while casting doubt on a possible deal with Japan. Trump told reporters aboard …

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X, India spar over lawyer’s ‘Tom, Dick, and Harry’ remark for government officials

NEW DELHI (Reuters) -A lawyer for Elon Musk’s X told an Indian court on Tuesday that every “Tom, Dick, and Harry” government official had been authorised to issue content takedown orders, drawing a sharp rebuke from New Delhi’s counsel in the latest clash over content moderation. X has long been at loggerheads with Prime Minister …

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Analysis-India’s new light touch on FX volatility spurs hedging ramp-up

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -The Reserve Bank of India’s increased tolerance for rupee volatility is prompting companies to more actively manage forex risks, enhancing the economy’s resilience to global shocks. Since RBI Governor Sanjay Malhotra assumed office in December, the rupee’s daily trading ranges have nearly tripled and a key volatility …

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India renewable power output grows at fastest pace in three years

By Sethuraman N R and Sudarshan Varadhan BENGALURU/SINGAPORE (Reuters) -India’s renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January–June 2025, according to a Reuters analysis of daily load …

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Safe-haven gold rises over 1% as Trump’s tax cut and spending bill passes in US Senate

By Sarah Qureshi (Reuters) – Gold climbed more than 1% on Tuesday as investors sought safe haven assets after U.S. President Donald Trump’s “big, beautiful bill” passed in the Senate, ahead of the July 9 deadline for trade tariffs. Spot gold rose 1% to $3,337.09 per ounce, as of 1:29 p.m. EDT (1729 GMT), its …

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Indian lawmakers to review aviation safety weeks after Air India crash

By Aditya Kalra NEW DELHI (Reuters) -A panel of Indian lawmakers will review safety in the country’s civil aviation sector and has invited several industry and government officials to answer questions on July 9, with topics set to include Air India’s recent plane crash. The upper house of India’s parliament has asked airport operators, air …

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India orders antitrust probe of Asian Paints after billionaire rival Birla’s complaint

(Reuters) -India’s antitrust body on Tuesday ordered a probe into Asian Paints after billionaire Kumar Mangalam Birla’s paints venture alleged that the country’s top paint maker abused its dominant market position. The Competition Commission of India’s (CCI) initial review showed Asian Paints had breached competition laws, the watchdog said in an order, directing its investigations unit …

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India’s Bajaj Finserv hikes customer target to 250 million

By Charlie Conchie LONDON (Reuters) -Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India’s biggest non-bank financial firms, in December set a target …

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India’s NSE to open electricity futures trading from July 14

(Reuters) -India’s National Stock Exchange (NSE) will open trading of monthly electricity futures from July 14, the bourse operator said on Tuesday, weeks after securing regulatory approval for launching the contracts. A futures contract will allow the purchaser to secure power at a fixed price at a later time. Experts have said the move to …

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Top Indian carmakers’ sales slump in June amid weak urban demand

(Reuters) -Three of India’s top carmakers together reported lower domestic sales for June, data from the companies showed on Tuesday, as buyers in urban India kept away from new vehicle purchases. Market leader Maruti Suzuki, Tata Motors and Hyundai India registered decline in sales of 13%, 15% and 12%, respectively. The three automakers corner over …

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