Reuters India Business

By Sarita Chaganti Singh NEW DELHI (Reuters) – India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. The proposal by Prime Minister Narendra Modi’s …

Exclusive-India plans to ease nuclear liability laws to attract foreign firms, sources say Read More »

By Lawrence Delevingne and Amanda Cooper BOSTON/LONDON (Reuters) – Most Wall Street stocks were little changed and the dollar ticked up on Thursday as investors took some heart from trade talks between the United States, Japan and Italy, though the positive mood was curbed by Federal Reserve Chair Jerome Powell saying the U.S. central bank …

Wall Street pauses stock, dollar sell-off amid trade talks Read More »

By Aditya Kalra NEW DELHI (Reuters) – After high-profile antitrust raids in India, a group of major ad agencies has asked members, who include GroupM, Dentsu and Publicis, to avoid communicating with rivals over WhatsApp or share sensitive pricing data, a document shows. The Competition Commission of India (CCI) shook the sector in March with …

After antitrust raids, Indian ad group warns against pricing coordination Read More »

By Brijesh Patel (Reuters) – Gold prices slipped on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level. Spot gold fell 0.8% to $3,317.87 an ounce as of 01:45 p.m. …

Gold’s record rally pauses as investors cash in gains Read More »

By Aleef Jahan C S and Manvi Pant (Reuters) – Indian engineering and technology services firm Tata Elxsi reported fourth-quarter profit below estimates on Thursday, as its transportation segment suffered due to trade and geopolitical uncertainties. Top customers from the auto industry have paused a number of projects due to tariff issues, CEO Manoj Raghavan …

India’s Tata Elxsi misses quarterly estimates as auto business faces tariff woes Read More »

(Reuters) -Adani Ports, India’s largest private port operator, said on Thursday it will buy an Australian deep-water coal export facility for an enterprise value of about A$3.98 billion ($2.54 billion), as it aims to grow its global presence. As a part of the deal, Adani Port will issue 143.8 million shares to Carmichael Rail and …

India’s Adani Ports buys Australian terminal in $2.5-billion deal Read More »

(Reuters) – India’s HDFC Life Insurance reported a 16% year-on-year rise in fourth-quarter profit on Thursday, on high demand for its group insurance offerings. The insurer said that its profit rose to 4.77 billion rupees ($56 million) for the three months to March end. Its quarterly net premium income grew 16% to 237.66 billion rupees, …

India’s HDFC Life reports quarterly profit jump on high group insurance demand Read More »