By Neha Arora NEW DELHI (Reuters) -The Indian government is expected to argue that there is sufficient domestic supply of copper cathodes, and an adequate number of suppliers, as it prepares a response to a case on import curbs filed by two trade associations, two sources said. India, the world’s second-largest importer of refined copper, …
By Bharath Rajeswaran (Reuters) -MSCI included two Indian companies fertilisers maker Coromandel International and beauty products retailer Nykaa to its Global Standard index earlier on Wednesday, as part of its May 2025 index rejig. No Indian stock has been deleted from the key global index. The changes will come into effect as of the markets …
MSCI includes India’s Coromandel, Nykaa to key index in May rejig Read More »
(Reuters) -India’s markets regulator has proposed to reduce regulatory requirements for foreign investors investing exclusively in the country’s government bonds, it said on Tuesday, as it looks to boost investments in these securities. Foreign investors who hold Indian government bonds need not disclose investor group details, the Securities and Exchange Board of India proposed in …
India regulator proposes easing norms for foreign investors buying only government bonds Read More »
By Sarah Qureshi (Reuters) – Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support. Spot gold rose 0.4% to $3,246.95 an ounce as of 1357 ET (17:57 GMT), after falling as low as $3,207.30 on Monday. U.S. gold futures …
Gold rebounds on bargain-hunting, softer US inflation data Read More »
By Nandan Mandayam (Reuters) -India’s Tata Motors said on Tuesday it was reevaluating its annual profitability target for luxury car brand Jaguar Land Rover (JLR), joining automakers worldwide that have flagged forecast uncertainty due to U.S. tariff changes. Imported cars have been a main focus of U.S. President Donald Trump’s global trade war. Trump last …
Tata Motors reassessing JLR’s forecast as US tariffs fan uncertainty Read More »
(Reuters) – Bharti Airtel, India’s second-largest telecom operator, beat quarterly profit estimates on Tuesday, helped by a continued boost in its revenue per user from last year’s price hikes and a growing subscriber base. The company reported a consolidated net profit of 110.22 billion rupees ($1.29 billion) for the quarter ending March 31, above analysts’ …
Indian telco Bharti Airtel’s profit beats estimates on price hikes, user growth Read More »
(Reuters) -Honeywell Automation India reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth. Profit at the Indian subsidiary of U.S. conglomerate Honeywell International fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the quarter ended March 31. The company provides building automation solutions to industrial clients and designs emission-curbing …
Honeywell’s India unit posts smaller fourth-quarter profit as costs surge Read More »
NEW DELHI (Reuters) -India’s trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to advance trade negotiations, two government officials said on Tuesday, as both countries push for a bilateral trade pact. Goyal’s visit follows U.S. Vice President JD Vance’s trip to New Delhi last month and amid …
India’s trade minister to lead delegation to US for trade talks, say sources Read More »
By Nidhi Verma NEW DELHI (Reuters) -India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top buyer of Russian seaborne oil after China since Western …
India approves more Russian insurers to provide marine cover Read More »
(Reuters) -India’s GlaxoSmithKline Pharmaceuticals reported a higher fourth-quarter profit on Tuesday, led by steady demand for its generic drugs. The Indian unit of British drugmaker GSK reported consolidated profit of 2.63 billion rupees ($30.86 million) in the quarter ended March 31, up 35% year-on-year. Its revenue from operations climbed about 5% to 9.74 billion rupees. …
India’s GlaxoSmithKline Pharma reports profit rise on strong demand Read More »
