Reuters India Business

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its weakest level in more than two months on Tuesday, hurt by worries over geopolitical tensions in the Middle East and U.S. President Donald Trump’s remark that pharmaceutical tariffs were coming very soon. The rupee declined to 86.28 against the U.S. dollar near the end …

Rupee hits over two-month low, hurt by geopolitical worries, Trump tariff remark Read More »

By Aditya Kalra and Abhijith Ganapavaram NEW DELHI (Reuters) -India’s aviation safety watchdog has asked Air India for the training records of the pilots and dispatcher for the plane that crashed last week as part of its investigation into the incident that killed at least 271 people, government memos showed. The Directorate General of Civil …

India regulator asks Air India for training data of pilots, dispatcher of crashed plane Read More »

By Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell on Tuesday as investors stayed on edge after U.S. President Donald Trump urged Iranians to evacuate Tehran, stoking fears of a broader regional conflict amid ongoing Israel-Iran hostilities. The Nifty 50 was down 0.37% to 24,853.4 and the BSE Sensex fell 0.26% to 81,583.3. “Trump’s remarks have …

Indian shares slip as Trump’s Tehran warning, oil surge rattle investors Read More »

MUMBAI (Reuters) -India’s P N Gadgil Jewellers on Tuesday launched Litestyle, a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers’ budgets haven’t risen in the same proportion, leading them to look for budget-friendly options, …

India’s PNG Jewellers launches lightweight jewellery brand as gold prices surge Read More »

By Ashitha Shivaprasad and Anushree Mukherjee (Reuters) – Gold slipped more than 1% on Monday as traders took profits after prices hit an eight-week high, while the market focused on Israel-Iran tensions and the Federal Reserve’s policy meeting this week. Spot gold was down 1.2% to $3,392.86 an ounce by 01:53 p.m. EDT (1753 GMT) …

Gold falls over 1%, spotlight on Israel-Iran conflict and Fed meeting Read More »

(Reuters) -Billionare Mukesh Ambani-led Reliance Industries on Monday sold shares worth 18.76 billion rupees ($218.32 million) in Asian Paints through a bulk deal, exchange data showed. The conglomerate, through affiliate Siddhant Commercials, sold 8.5 million shares in Asian Paints to ICICI Prudential Life Mutual Fund, for 2,207 rupees apiece. The price reflects a 0.3% discount …

Reliance Industries further sells stake in Asian Paints Read More »