Reuters India Business

By Munsif Vengattil BENGALURU (Reuters) -Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate’s deepening role in the U.S. tech giant’s supply chain, two people familiar with the matter said. As Apple looks beyond China for manufacturing, Tata has fast emerged …

Apple gives Tata India iPhone repair business as partnership expands, sources say Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes rose on Thursday, led by heavyweight Reliance Industries and rate-sensitive sectors such as financials and realty ahead of a widely expected policy rate cut by the central bank. The Nifty 50 ended 0.53% higher at 24,750.90, while the Sensex gained 0.55% to 81,442.04. Reliance …

Reliance, rate-sensitive sectors lead Indian shares higher, RBI decision in focus Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was little changed on Thursday as corporate dollar bids, including from local oil companies, blunted positive cues from a rise in most of its Asian peers. The rupee was at 85.8525 against the U.S. dollar as of 11:30 a.m. IST, nearly unchanged from its close at …

Rupee nearly flat, wedged between uptick in Asia FX and corporate dollar bids Read More »

(Corrects headline, paragraph 1 to say “conclude”, not “begin”) NEW DELHI (Reuters) -India will conduct its much-delayed population census in two phases to conclude by March 1, 2027, the interior ministry said on Wednesday, after a delay of six years caused by hurdles created by the COVID-19 pandemic, among others. India’s once-in-a-decade population survey was …

India’s delayed population survey to conclude in March 2027 Read More »

By Pranoy Krishna BENGALURU (Reuters) – The Indian rupee will eke out very modest gains this year, trailing most of its Asian peers as the U.S. dollar retreats, according to a Reuters poll of foreign exchange strategists. A partially convertible currency, the rupee has barely made any advances against the greenback this year, placing it …

Rupee to gain modestly, lag most Asian peers despite strong GDP growth: Reuters poll Read More »

By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies will hold the gains they have made this year or extend them against a retreating dollar in the next six months as traders ditch the U.S. exceptionalism trade that fuelled the greenback’s dream run, a Reuters poll of FX strategists found. At …

Most emerging market currencies set to hold on to gains  Read More »

By Sherin Elizabeth Varghese (Reuters) – Gold rose 1% on Wednesday, supported by a softer dollar and weak U.S. data, as investors grappled with mounting economic and political uncertainty. Spot gold climbed 0.8% to $3,378.22 an ounce by 02:02 p.m. ET (1802 GMT), after rising as much as 1% earlier. U.S. gold futures settled 0.7% …

Safe-haven gold rises on weak data, simmering uncertainty Read More »

(Reuters) -India directed Turkish Airlines to ensure full compliance with aviation regulations following lapses found during inspections of the carrier’s passenger and cargo flights at several cities, the country’s civil aviation ministry said on Wednesday. The Directorate General of Civil Aviation conducted inspections of state-backed Turkish Airlines’ passenger and cargo flights at four Indian cities …

India directs Turkish Airlines to maintain compliance after safety lapses Read More »