Reuters India Business

By Aditya Kalra NEW DELHI (Reuters) -India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday. It is the biggest setback so far to the planned Disney-Reliance merger …

India flags cricket rights concerns with Disney-Reliance $8.5 billion merger Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended stronger on Tuesday, lifted by likely inflows and a slump in the dollar index that helped Asian currencies across the board. The rupee closed at 83.7925 against the U.S. dollar, up nearly 0.1% from its close of 83.87 in the previous session. The currency rose …

Rupee closes higher boosted by inflows, broadly weaker dollar Read More »

By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Indian shares closed higher on Tuesday, led by financials and information technology stocks, as rising expectations of an aggressive rate cut by the U.S. Federal Reserve in September boosted sentiment and spurred a global equities rally. The NSE Nifty 50 index rose 0.51% to 24,698.85, and the …

Financials, IT lead rise in Indian shares Read More »

By Neha Arora NEW DELHI (Reuters) -Indian metal and mining companies’ operating costs are likely to rise significantly if state governments impose additional mining taxes in the wake of a Supreme Court ruling, Fitch Ratings said in a note on Monday. India’s top court late last month upheld the right for state governments to levy …

Indian mining, steelmakers’ operating costs could surge after top court ruling, says Fitch Ratings Read More »

By Anushree Ashish Mukherjee (Reuters) – Gold subdued on Monday after piercing the $2,500 ceiling in the previous session, as investors booked profits from the record run and positioned for more cues from the U.S. Federal Reserve and developments in the Middle East. Spot gold was down 0.2% at $2,501.74 per ounce as of 01:41 …

Gold subdued after record run as traders await cues from Fed Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit touch its highest in two weeks. The rupee closed at 83.87 against the U.S. dollar, up from its close at 83.94 on Friday. The currency hit 83.85 during the session, …

Rupee ends higher following choppy price action, Asia FX rally helps Read More »

By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Indian shares closed flat on Monday, as gains in energy and metals stocks, on a cut in windfall tax on crude and a soft U.S. dollar, respectively, were offset by profit booking in financials. The NSE Nifty 50 index rose 0.13% to 24,572.65, and the S&P BSE …

Indian shares flat as financials offset gains in energy, metals Read More »