Reuters India Business

India’s Vedanta says Trump’s tariffs damaging, seeks import curbs

4 Jun 2025

By Neha Arora (Reuters) -Indian metals-to-oil conglomerate Vedanta said on Wednesday that U.S. President Donald Trump’s doubling of aluminium tariffs to 50% poses a threat to the Indian industry already struggling with surging imports. Trump’s latest round of tariffs on aluminium and steel, which took effect on Wednesday, have unsettled the global markets. “The 50% tariff announced …

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India’s REC gets nod to sell deep-discount debt for a second time, document shows

4 Jun 2025

By Dharamraj Dhutia MUMBAI (Reuters) -India’s REC has received approval from the central government to raise funds through deep-discount bonds for a second time in less than a year, a government document dated May 30 showed. REC has until the end of March 2027 to raise up to 50 billion rupees ($581.7 million) through the …

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Reliance, Airtel group challenges ‘low’ India satcom fee which can help Starlink

4 Jun 2025

NEW DELHI (Reuters) -A group representing Indian telecom giants Reliance Jio and Bharti Airtel has said their businesses will suffer if India prices satellite spectrum at “unjustifiably low” rates that benefit satellite internet services such as Elon Musk’s Starlink. India’s telecom regulator in May proposed satellite service providers pay 4% of their annual revenue to …

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Indian shares rise on optimism over trade negotiations, potential RBI rate cut

4 Jun 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares rose on Wednesday, snapping a three-day slide on expectations of progress in U.S.-China trade negotiations and an anticipated rate cut by the Reserve Bank of India later this week. The Nifty 50 rose 0.32% to 24,620.2, while the BSE Sensex added 0.32% to 80,998.25. Twelve …

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India’s finance ministry wants lower energy prices for green steel incentives, sources say

4 Jun 2025

By Neha Arora NEW DELHI (Reuters) -India’s finance ministry wants green hydrogen prices to soften before deciding on financial support for production of steel using clean energy, two sources familiar with the matter said, as New Delhi seeks to control inflation and its expenditure. Indian steel producers have been asking for federal incentives as the …

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India’s Adani airport unit secures $750 million from bank consortium

4 Jun 2025

(Reuters) -Adani Group’s flagship Adani Enterprises said on Wednesday that its airports unit secured $750 million in financing from a consortium of international banks, including First Abu Dhabi Bank, Barclays and Standard Chartered. Part of the funds will be used by Adani Airports Holdings Ltd to refinance debt of $400 million, while the rest will …

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India services sector growth steady in May as demand remains strong, PMI shows

4 Jun 2025

BENGALURU (Reuters) -India’s dominant services sector maintained its robust growth in May, fueled by strong export demand and record hiring, although price pressures intensified, a survey showed on Wednesday. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, stood at 58.8 in May, marginally up from April’s 58.7 but lower than a preliminary …

India services sector growth steady in May as demand remains strong, PMI shows Read More »

Wall Street stocks close higher, dollar bounces back amid tariff talks, economic data

3 Jun 2025

By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced and the dollar rebounded on Tuesday as investors weighed progress in ongoing U.S. tariff talks and lowered economic expectations ahead of Friday’s crucial U.S. employment report. All three major U.S. stock indexes ended the session with gains, with chips putting the tech-heavy Nasdaq out front following …

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