Reuters India Business

India, U.S. trade talks face roadblocks ahead of tariff deadline, Indian sources say

26 Jun 2025

By Manoj Kumar NEW DELHI (Reuters) -Trade talks between India and the U.S. have hit a roadblock over disagreements on import duties for auto components, steel and farm goods, Indian officials with direct knowledge said, dashing hopes of reaching a deal ahead of President Donald Trump’s July 9 deadline to impose reciprocal tariffs. The deadlock …

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Lilly to launch Mounjaro pen in India to compete with Novo’s weight-loss drug Wegovy

26 Jun 2025

By Rishika Sadam HYDERABAD (Reuters) -Eli Lilly said on Thursday that India’s drug regulator had approved the launch of pre-filled injector pens of its blockbuster weight-loss drug, Mounjaro, giving it more options to compete with Novo Nordisk’s recently launched Wegovy. Lilly started selling Mounjaro in India in late March for diabetes and obesity, and it …

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Indian refiners’ May crude processing edges up 0.4% from a year earlier

26 Jun 2025

(Reuters) -Indian refiners’ throughput in May rose 0.4% year-on-year to 5.47 million barrels per day (23.11 million metric tons), provisional government data showed on Thursday. Refinery throughput in April was at 5.25 million barrels per day (21.49 million metric tons). India’s fuel demand in May rose to its highest in more than a year, while …

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From shortage to surplus: India pours record rice crop into ethanol

26 Jun 2025

By Rajendra Jadhav MUMBAI (Reuters) -India is allocating record rice volumes for ethanol production as it struggles with unprecedented inventories that are likely to swell further with the arrival of the new season crop, a reversal from earlier shortages that led to export curbs. Turning more rice to ethanol is helping to reduce rice stocks …

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JSW Steel files review petition before India’s top court on Bhushan Power deal collapse (June 25)

26 Jun 2025

(Corrects to say liquidation, not liquidity, in paragraph 4; the story was previously corrected to add dropped words “pause on” in paragraph 4) (Reuters) -Indian steelmaker JSW Steel said on Wednesday it has filed a review petition before the country’s top court, related to the rejection of its $2.3 billion takeover plan of Bhushan Power …

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Cricket-IPL’s Royals owner accuses former co-owner of blackmail in UK court

25 Jun 2025

By Sam Tobin LONDON (Reuters) -Indian Premier League cricket franchise Rajasthan Royals’ majority owner on Wednesday accused his former co-owner of trying to blackmail him by alleging he was defrauded out of his minority stake in the club. London-based venture capitalist Manoj Badale and his company Emerging Media Ventures are suing businessman Raj Kundra at …

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India plans steps to counter rising copper supply risks

25 Jun 2025

By Neha Arora NEW DELHI (Reuters) -India has held internal talks about its growing vulnerability to the tightening global copper market and plans to discuss ways to lock in supply from resource-rich countries during ongoing trade negotiations, according to two government sources and a draft government policy document. New Delhi is also considering measures to …

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India’s Nuclear Power Corp extends deadline for small reactor proposals as Industrial interest grows

25 Jun 2025

By Sethuraman N R (Reuters) -State-run Nuclear Power Corporation of India Ltd (NPCIL) has extended the deadline for proposals from industrial users to set up 220 megawatt electric (MWe) small nuclear reactors, amid growing interest from companies seeking cleaner energy sources. NPCIL has extended the deadline for submitting proposals for setting up Bharat Small Reactors …

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Prosus eyes five-fold growth of its $6.5 billion India portfolio

25 Jun 2025

(Reuters) -Dutch technology investor Prosus has set a target to grow the value of its Indian portfolio five-fold from the current $6.5 billion through synergies and using AI to boost productivity, the company said in a presentation to investors on Wednesday. The region is home to some of the biggest ventures in its portfolio, including …

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