Reuters India Business

By Abu Sultan and Mrinmay Dey (Reuters) -India’s Torrent Pharmaceuticals said on Sunday it will acquire a 46.39% controlling stake in smaller peer JB Chemicals and Pharmaceuticals from New York-based investment firm KKR, and plans to merge the two drugmakers. The transaction, announced in a joint statement released by the three companies, implies a total …

India’s Torrent Pharma to acquire controlling stake in JB Chem and Pharma Read More »

MUMBAI (Reuters) -India’s annual monsoon rains covered the entire country on Sunday, nine days earlier than is typical, the weather department said, bringing forward planting of summer-sown crops. The monsoon is the lifeblood of India’s nearly $4 trillion economy, delivering almost 70% of the rainfall needed to water farms and replenishing aquifers and reservoirs. Nearly …

India’s monsoon covers country nine days early, accelerating planting Read More »

By Dhwani Pandya, Arpan Chaturvedi and Elisa Anzolin NEW DELHI/MILAN (Reuters) -Luxury fashion powerhouse Prada has acknowledged the ancient Indian roots of its new sandal design after the debut of the open-toe footwear sparked a furore among Indian artisans and politicians thousands of miles from the catwalk in Italy. Images from Prada’s fashion show in …

Sandal scandal: Prada credits new design’s Indian legacy amid furore Read More »

(Reuters) -India’s markets regulator said on Friday that it found “incriminating evidence” as a part of its ongoing investigation into “pump and dump” practices involving certain stocks. The Securities and Exchange Board of India (SEBI) said it conducted search and seizure operations in multiple locations this month, but did not name any specific sites or …

India markets regulator says probing ‘pump and dump’ instances Read More »

By Sarah Qureshi (Reuters) – Gold fell 2% on Thursday, hitting a near one-month low, after a U.S.-China trade agreement boosted risk appetite and diminished bullion’s appeal as a safe-haven asset. Spot gold eased 1.5% to $3,277.17 per ounce by 0200 p.m. EDT (1800 GMT), after dropping 2% to its lowest level since May 29 …

Safe-haven gold falls 2% on easing US-China trade tensions Read More »

By Hritam Mukherjee and Manvi Pant BENGALURU (Reuters) -JSW Paints will buy Dutch paint maker Akzo Nobel’s Indian arm for about $1.6 billion, in what will be the country’s biggest deal yet in the sector as competition intensifies between established players and new entrants. The deal comes as challenges for Indian paint makers mount, including …

JSW strengthens India paints push with $1.6 billion Akzo Nobel unit deal Read More »