Reuters India Business Archives - Page 259 of 1191

India attempts to tow burning ship to prevent ecological disaster, ministry says

11 Jun 2025 11 Jun 2025

(Reuters) -The Indian Coast Guard on Wednesday was attempting to tow a cargo ship that caught fire off the coast of the southern state of Kerala containing hazardous cargo to prevent a potential ecological disaster, India’s defense ministry said in a statement. The Singaporean-container vessel MV Wan Hai 503 is carrying 120,000 metric tons of …

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Maruti Suzuki’s new ‘Dzire’ secures 5-star safety rating in India

11 Jun 2025 11 Jun 2025

(Corrects paragraph 3 to say Maruti will fit all its models with 6 airbags by the end of fiscal 2026, not April) (Reuters) -Maruti Suzuki secured a five-star safety rating for its popular ‘Dzire’ small car, India’s transport minister said on Wednesday, marking a milestone for the country’s largest carmaker that has for long lagged …

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India set for electricity futures trading as NSE becomes 2nd exchange to get nod

11 Jun 2025 11 Jun 2025

By Sethuraman N R (Reuters) -India’s National Stock Exchange on Wednesday became the second exchange in a week to secure regulatory approval to launch electricity futures contracts, a move experts say could help struggling power utilities improve their finances. The Multi Commodity Exchange of India (MCX) received a similar approval last week from the Securities …

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Rupee’s sticks to muted price action, implied volatility retreats

11 Jun 2025 11 Jun 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended slightly higher on Wednesday, sticking to rangebound price action for a third consecutive session on two-sided client flows and the absence of cues to firm a directional bias on the currency. The dollar-rupee pair’s implied volatility, a gauge of future expectations, has receded on the …

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Jio BlackRock gets regulatory approval to operate as investment adviser in India

11 Jun 2025 11 Jun 2025

(Reuters) -Jio BlackRock Investment Advisers (JBIAPL) has received approval from India’s markets regulator to operate as an investment adviser, according to its parent company, Jio Financial Services . JBIAPL is a 50:50 joint venture of the billionaire Mukesh Ambani-led Reliance Industries with Blackrock, the world’s largest asset manager. Earlier this year, both entities invested 665 …

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Exclusive-India’s central bank to use cash reserve ratio as active liquidity tool, says source

11 Jun 2025 11 Jun 2025

By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) -India’s central bank plans to use the cash reserve ratio more frequently to manage liquidity and aid policy transmission, rather than deploying it only during extreme cash swings, a source told Reuters on Wednesday. The person aware of the Reserve Bank of India’s thinking declined to be …

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India’s granaries overflow as rice stocks hit record, wheat surges

11 Jun 2025 11 Jun 2025

By Rajendra Jadhav MUMBAI (Reuters) -India’s rice stocks in government warehouses rose 18% from a year ago to a record high for the start of June, while wheat stocks have hit their highest level in four years on higher procurement from farmers, official data showed on Wednesday. Record rice stocks will help the world’s biggest …

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Gold prices edge down as traders monitor US-China talks

10 Jun 2025 10 Jun 2025

By Sarah Qureshi (Reuters) – Gold prices edged lower on Tuesday as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets, while a rising U.S. dollar added pressure. Spot gold fell 0.2% to $3,320.58 an ounce as of 1323 a.m. …

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India and US advance toward interim trade deal after four-day talks, say sources

10 Jun 2025 10 Jun 2025

By Manoj Kumar NEW DELHI (Reuters) -Indian and U.S. negotiators made progress in their latest round of talks in New Delhi on Tuesday on a bilateral trade deal, having focused on market access for industrial and some agricultural goods, tariff cuts and non-tariff barriers, Indian government sources said. “The negotiations held with the U.S. side …

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India extends transmission charge waiver for energy storage projects until June 2028

10 Jun 2025 10 Jun 2025

By Sethuraman N R (Reuters) -India has extended a complete waiver of inter-state transmission charges for electricity storage projects until June 2028, the power ministry said on Tuesday, as the country races to meet its ambitious clean energy targets and boost energy storage. Purchasers, which are usually distribution companies, pay power producers for electricity, and …

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