Reuters India Business

(Reuters) -A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners …

Reliance Industries, JV partners to invest $11 billion in India AI data capacity Read More »

By Bharath Rajeswaran (Reuters) -Indian equities climbed on Wednesday in a broad rally, buoyed by growing conviction in a December U.S. rate cut and strength in domestic rate-sensitives ahead of a possible Reserve Bank of India easing next week. The Nifty 50 rose 1.24% to a 14-month high of 26,205.3, while the BSE Sensex gained …

India’s stock benchmarks ascend towards new peaks on Fed, RBI rate cut optimism Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed marginally weaker on Wednesday, troubled by portfolio outflows and routine hedging demand from local importers, while intermittent dollar sales from state-run banks cushioned the currency’s fall. The rupee closed at 89.27 against the U.S. dollar, marginally weaker than its previous close of 89.22. Growing expectations of …

Rupee dips on outflows; state-run banks’ dollar sales cushion fall Read More »

By Vivek Mishra and Pranoy Krishna BENGALURU (Reuters) -India’s stock market will reach record highs by mid-2026 and extend those gains through next year, a Reuters poll of equity analysts showed, as strong domestic buying overtakes stretched valuations and a flight of foreign capital. Foreign investors have pulled nearly $17 billion from Indian equity markets …

Indian stocks to hit new highs by mid-2026 despite foreign exodus- Reuters poll Read More »

FRANKFURT/DUESSELDORF (Reuters) -Worker representatives met at Thyssenkrupp Steel Europe (TKSE) on Tuesday to start a process of agreeing on job security and co-determination if the German group is sold to India’s Jindal Steel International, the IG Metall union said. Jindal Steel has made an indicative bid for TKSE, Europe’s second-largest steelmaker, and is currently carrying …

Union launches job security talks at Thyssenkrupp Steel if Jindal sale goes through Read More »

By Pablo Sinha (Reuters) -Gold prices held steady on Tuesday as softer-than-expected U.S. retail sales data reinforced traders’ expectations that the Federal Reserve will trim interest rates in December. Spot gold <XAU=> was flat at $4,139.79 per ounce by 01:54 p.m. ET (1854 GMT). The price earlier in the day hit its highest level since …

Gold holds steady as US data reinforces Fed rate-cut bets Read More »

By Nidhi Verma NEW DELHI/MOSCOW (Reuters) -India’s oil imports from Russia in November are set to hit their highest level in five months, preliminary data from Kpler shows, as refiners rushed to secure barrels ahead of a U.S. deadline to end transactions with sanctioned Russian oil producers. India, the world’s third-largest oil importer, has been …

India’s November Russian oil imports set to hit five-month high, Kpler data shows Read More »