Reuters India Business Archives - Page 238 of 1191

India’s factory growth hits 14-month high on exports surge, PMI shows

1 Jul 2025 1 Jul 2025

BENGALURU (Reuters) -India’s manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday. The HSBC India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, climbed to 58.4 in June from May’s 57.6 and in line …

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India to finalise interim trade deal with US as early as this week, FT reports

1 Jul 2025 1 Jul 2025

(Reuters) -India is on track to finalise an interim trade agreement with the U.S. as soon as this week, the Financial Times reported on Tuesday, citing two people briefed on the talks. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Jamie Freed)

Indian auto parts maker Hero Motors files for up to $140 million IPO

1 Jul 2025 1 Jul 2025

(Reuters) -Indian auto parts maker Hero Motors has filed for an initial public offering of up to 12 billion rupees ($140.1 million), draft papers showed on Tuesday. The company will issue fresh shares worth up to 8 billion rupees while its existing shareholders will sell shares worth up to 4 billion rupees, the draft prospectus …

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Indian tech hub state pushes jail terms for ‘fake news’, sparks worries

1 Jul 2025 1 Jul 2025

BENGALURU (Reuters) -Draft legislation by India’s tech hub state of Karnataka that would impose jail terms of up to seven years for spreading “fake news” and other misinformation has stirred concerns among free speech activists that it could lead to censorship. With nearly 1 billion internet users, the stakes are high in a sprawling country …

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Stocks hit fresh record on trade optimism, dollar falls

1 Jul 2025 1 Jul 2025

By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks hit an intraday record on Monday on hopes U.S. trade negotiations with key partners would continue to progress, while the dollar declined and was set for its worst first-half performance in more than five decades. Canada halted its digital services tax targeting U.S. technology firms just hours …

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Gold rises on weaker dollar; investors await US jobs data

30 Jun 2025 30 Jun 2025

By Sarah Qureshi (Reuters) – Gold edged higher on Monday, supported by a weaker U.S. dollar, while investors hunkered down for U.S. economic data due later this week for signals on the Federal Reserve’s policy path. Spot gold rose 0.6% to $3,293.55 per ounce as of 2:00 p.m. EDT (1800 GMT) after reaching its lowest …

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Indian officials extend US visit to iron out trade deal, sources say

30 Jun 2025 30 Jun 2025

By Manoj Kumar and Sarita Chaganti Singh NEW DELHI (Reuters) -Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday. Trade talks between India and the U.S. have …

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India extends import curbs on met coke for six months

30 Jun 2025 30 Jun 2025

(Reuters) -The Indian government has extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting July, a government order said on Monday, dealing a blow to steelmakers who oppose restrictions on overseas purchases. India, the world’s second-largest crude steel producer, will set country-specific import quotas and cap purchases at 1.4 …

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Citi expects gold price to consolidate around $3,100-$3,500 in third quarter

30 Jun 2025 30 Jun 2025

(Reuters) -Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday. “We expect continued price consolidation … and highlight our view that …

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India’s Apollo Hospitals to list digital health and pharmacy unit in 18-21 months

30 Jun 2025 30 Jun 2025

(Reuters) -Indian hospital chain Apollo Hospitals said on Monday it will spin off and separately list its digital health and pharmacy unit within 18 to 21 months, as part of a reorganisation. Apollo shareholders will receive 195.2 shares of the spun-off entity for every 100 shares they currently own. The hospital operator will retain a …

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