Reuters India Business

India’s Delhivery unveils short-haul cargo service rivalling Uber, Porter

20 Jun 2025

(Reuters) -Indian courier delivery firm Delhivery launched its short-haul parcel transport service in two locations on Friday, ramping up competition in a market dominated by the likes of Uber and Kedaara Capital-backed Porter. Near-distance parcel delivery – often within city limits – has grown increasingly popular, following the success of quick-commerce delivery services, where everything …

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Eli Lilly says India response to obesity drug Mounjaro is ‘positive’, will focus on meeting demand

20 Jun 2025

By Rishika Sadam (Reuters) -Eli Lilly said the response for its blockbuster drug Mounjaro has been “positive” in India, adding that it is focusing on meeting demand for the drug in the world’s most populous country. The U.S.-based Lilly beat rival Novo Nordisk in March this year to introduce its diabetes and weight-loss drug in …

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Russia boosts seaborne fuel oil exports to India and Turkey in May, data shows

20 Jun 2025

MOSCOW (Reuters) -Russia increased seaborne fuel oil and vacuum gasoil exports to India and Turkey in May as falling oil product prices attracted buyers, while the hot summer season required more fuel for energy production, trade and shipping data showed. Oil prices fell to four-year lows as an OPEC+ decision to expedite its output hikes …

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Air India warned for flying Airbus planes with unchecked escape slides

20 Jun 2025

NEW DELHI (Reuters) -India’s aviation regulator has warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue checks on emergency equipment, and for being slow to address the issue, government documents show. The warning notices and an investigation report – both reviewed by Reuters – were not in …

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Diageo India buys maker of ‘Greater Than’,’Hapusa’ gins

19 Jun 2025

(Reuters) -India’s United Spirits said on Thursday it is buying the maker of popular craft gins ‘Greater Than’ and ‘Hapusa’ in a deal valued at 1.3 billion rupees ($15.2 million), including debt, in a bid to boost its premium portfolio. The Indian arm of spirits maker Diageo added that the company, NAO Spirits, has been …

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India’s HDB Financial targets $7.1 billion IPO valuation, launch on June 25

19 Jun 2025

(Fixes paragraph indentation in paragraph 2) (Reuters) -Indian lender HDB Financial Services has set a price band of 700-740 rupees per share ($8.06-$8.52) for its initial public offering, testing investor appetite for the country’s biggest IPO so far this year in an uncertain market. The $1.5 billion issue will value the non-banking financial company, a …

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India says it has yet to decide where to analyse crashed plane’s recorders

19 Jun 2025

By Hritam Mukherjee (Reuters) -India has yet to decide where the black box recorders from last week’s fatal crash of an Air India plane will be analysed, the government said on Thursday. Earlier, Indian newspaper The Economic Times reported that India planned to send the recorders to the U.S. for analysis as the fire that …

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India’s TCS says none of its systems were compromised in M&S hack

19 Jun 2025

By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Tata Consultancy Services said none of its “systems or users were compromised” as part of the cyberattack that led to the theft of customer data at retailer Marks and Spencer, its client of more than a decade. “As no TCS systems or users were compromised, none …

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Gold little changed, platinum retreats from 10-year high

19 Jun 2025

By Anushree Mukherjee (Reuters) – Gold prices were little changed on Thursday as heightened geopolitical tensions offset pressure from the Federal Reserve’s hawkish stance, while platinum slipped after scaling its highest level since September 2014. The U.S. market will remain closed today in observance of Juneteenth. Spot gold was down 0.1% at $3,365.79 an ounce …

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India’s central bank eases provisioning rules for infrastructure loans

19 Jun 2025

By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) -India’s central bank said on Thursday it would require lenders to set aside 1% of the value of loans for under-construction infrastructure projects to cover potential losses, easing its earlier draft proposal that envisaged provisioning rising up to 5%, following an appeal by lenders. The requirement will …

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