Reuters India Business

(Reuters) -India’s markets regulator on Tuesday proposed to increase the board oversight of key exchange functions, including the ones related to trading, risks, regulatory and compliance operations, a consultation paper showed. The Securities and Exchange Board of India said market infrastructure institutions (MII) will need to appoint two officers, each of whom will head functions related …

India markets regulator proposes to limit powers of stock exchange chiefs Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar fell on Tuesday and the euro rose to its highest level since October 2021 after a ceasefire between Iran and Israel was announced, even as Federal Reserve Chair Jerome Powell repeated that he expects inflation to begin rising this summer. The ceasefire began to take hold on …

Dollar drops on Middle East optimism, euro highest since 2021 Read More »

By Scott DiSavino NEW YORK (Reuters) -Oil prices fell 6% on Tuesday to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with U.S. President Donald Trump accusing both Israel and Iran of …

Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk Read More »

By Abhijith Ganapavaram and David Shepardson NEW DELHI/WASHINGTON (Reuters) -The black box of the Air India jet that crashed and killed 271 people is still in India and is being examined by the aircraft accident investigation body, news agency ANI reported on Tuesday, citing civil aviation minister Ram Mohan Naidu. Naidu’s comments came following a …

Black box of crashed Air India jet still in India, ANI reports Read More »

By Sarah Qureshi (Reuters) – Gold fell 2% to hit an over two-week low on Tuesday as the announcement of a ceasefire between Iran and Israel dented safe-haven demand for bullion. Spot gold fell 1.6% to $3,313.63 an ounce, as of 1200 p.m. EDT (1600 GMT), after falling over 2% to its lowest level since …

Gold falls 2% as Iran-Israel ceasefire weighs on safe-haven appeal Read More »

By Rishika Sadam and Kashish Tandon HYDERABAD (Reuters) – Danish drugmaker Novo Nordisk on Tuesday launched its blockbuster weight-loss drug Wegovy in India, three months after Eli Lilly began marketing its rival product Mounjaro in the world’s most populous nation. Wegovy is already under distribution and is expected to be in pharmacies by the end …

Novo Nordisk launches weight-loss drug Wegovy in India to compete with Lilly’s Mounjaro Read More »

By Abhijith Ganapavaram NEW DELHI (Reuters) -India’s aviation regulator said on Tuesday it had found multiple instances of aircraft defects reappearing “many times” at Mumbai and Delhi airports, two of the country’s busiest, indicating what it said were inadequate checks on jetliners. The findings were part of a special audit being carried out by the …

India aviation regulator says multiple defects reappearing on aircraft Read More »