Reuters India Business

By Sahiba Chawdhary, Rishika Sadam, Yury Garcia and Aditya Kalra GANAPAVARAM, India/GUAYAQUIL, Ecuador (Reuters) – Turbulence unleashed by President Donald Trump’s tariffs could rock global shipments of shrimp to the United States, with exporters in biggest supplier India saying they endanger 2,000 containers packed with the frozen delicacy. But Ecuador, thousands of kilometres nearer to …

Indian shrimp industry sails in troubled waters after Trump tariffs Read More »

By Anjana Anil (Reuters) – Gold blazed past the $3,200 mark on Friday, as a faltering dollar and an escalating U.S.-China trade war stirred recession fears, sending investors flocking to the safety of the yellow metal. Spot gold was up nearly 2% at $3,235.89 an ounce at 2:32 p.m. ET (1832 GMT), after hitting a …

Gold soars past $3,200 as trade war deepens, dollar loses ground Read More »

By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) -India and the U.S. have finalised terms of reference for talks over the first part of a bilateral trade deal, an Indian trade official said on Friday, adding it was possible that a “win-win” deal could take shape in the next 90 days. U.S. President Donald Trump on Wednesday announced …

India, US finalise terms of reference for first phase of trade deal, Indian official says Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark equity indexes fell for the second consecutive week as investors grappled with uncertainty triggered by U.S. President Donald Trump’s trade policy flip-flops. Still, the market pared most of its weekly losses after Trump’s 90-day pause on hefty “retaliatory” tariffs on countries, excluding China, led to …

US tariff flip-flop hurts Indian equity benchmarks for 2nd week Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee logged its worst week since February as drastic shifts in U.S. trade policy sparked volatility in global markets and weighed on risk assets, but also pummelled the dollar, which helped limit the losses. The rupee closed out the week 0.9% weaker, though it ended up 0.7% …

Rupee posts worst week in two months but dollar slump cushions fall Read More »

By Praveen Paramasivam (Reuters) – Amazon-backed More Retail, a key player in India’s food and staples market, plans to go public next year and double its store count in five as shoppers keep turning to supermarkets and online buying for daily groceries, a top executive told Reuters. Mumbai-based More, known for its neighborhood supermarkets and …

Amazon-backed More Retail plans India IPO next year, betting on its hybrid model Read More »

By Bharath Rajeswaran (Reuters) -Flows into India’s equity mutual funds moderated to 11-month low in March, falling sequentially for the third straight month, hurt by lower inflows into sectoral and thematic funds. Net inflows into equity mutual funds fell 14.4% month-on-month in March to approximately 251 billion rupees ($2.92 billion), the Association of Mutual Funds …

Flows into Indian equity mutual funds slump to 11-month low in March Read More »