Reuters India Business

(Reuters) -Rio Tinto on Thursday said it inked a memorandum of understanding (MOU) with India-based AMG Metals & Materials (AMG M&M) to assess the viability of a low-carbon aluminium project in the South Asian country. The potential development could see up to 1 million tonnes per annum (mtpa) of primary aluminium smelting and 2 mtpa …

Rio Tinto partners with Indian firm to explore low-carbon aluminium project Read More »

By Brijesh Patel (Reuters) – Gold prices extended their record run on Wednesday to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. Spot gold climbed 3.1% to $3,327.97 an ounce as of 1:45 p.m. ET (1745 GMT), after hitting a record high of $3,332.89 …

Gold zooms past $3,300/oz as investors seek shelter from tariff war Read More »

(Reuters) -India’s Paytm said on Wednesday founder and CEO Vijay Shekhar Sharma has foregone 21 million employee stock options granted to him, months after the country’s markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits. Last August, the Securities and Exchange Board of India (SEBI) determined that the grant …

India’s Paytm founder foregoes 21 million employee stock options after regulatory scrutiny Read More »

By Shivam Patel NEW DELHI (Reuters) -Prime Minister Narendra Modi’s bid to transform India into a global factory floor has produced billions of dollars of low-cost iPhones and pharmaceuticals. Now he hopes to add missiles, helicopters and battleships to the shopping carts of foreign governments.  The world’s largest importer of weapons after Ukraine is expanding …

India offers cheap loans for arms, targeting Russia’s traditional customers Read More »

By Vivek Kumar M (Reuters) -Indian shares rose for a third straight session on Wednesday, boosted by banks and as investors shrugged off global trade war jitters to focus on supportive local factors. The Nifty 50 rose 0.47% to 23,437.20, while the BSE Sensex gained 0.4% to 77,044.29. The Nifty has risen 4.6% in three …

Indian shares rally for third session, boosted by banks Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended higher for a third straight session on Wednesday, as U.S. tariff concerns pressured the dollar and lifted safe havens like gold and the Swiss franc. The rupee closed at 85.6775 against the U.S. dollar, up 0.1% on the day. The local unit hit an intraday …

Rupee ends higher as U.S. tariff worries keep dollar on the backfoot Read More »