Reuters India Business

Petrobras to finish analysis of the India’s Shapoorji appeal in FPSO bid this week

25 Mar 2025

RIO DE JANEIRO (Reuters) – Brazil’s Petrobras should analyze an appeal filed by India’s Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm’s head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. WHY IT’S IMPORTANT The Indian company was the only one to …

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Gold rises on safe-haven demand amid Trump tariff worries

25 Mar 2025

By Anmol Choubey (Reuters) – Gold prices rose on Tuesday, supported by safe-haven demand amid uncertainty over U.S. President Donald Trump’s tariff plans for next week that could potentially boost inflation. Spot gold was up 0.3% at $3,021.88 an ounce at 12:51 p.m. ET (1751 GMT). U.S. gold futures settled 0.3% higher at $3,025.90. “Investors …

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Standard Chartered makes three new hires in India to boost private credit business

25 Mar 2025

(Reuters) – Standard Chartered has made three new hires in India, according to its email to Reuters on Tuesday, as the bank aims to bolster its private credit business in the country. The London-based bank has hired Ankit Raghav, who was at UBS Group before, as a director on the leveraged and acquisition finance and …

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India ends import duty for items needed to make EV batteries, phones

25 Mar 2025

NEW DELHI (Reuters) -India on Tuesday said there would be no import duties on several goods used to manufacture electric vehicle batteries and mobile phones amid broader tariff cuts to help local producers withstand the potential impact of reciprocal U.S. tariffs. “We aim to boost domestic production and enhance export competitiveness by reducing duties on raw materials,” …

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Rupee’s winning streak halts as importers step in, Asian peers slip

25 Mar 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency’s regional peers slipped. The rupee ended at 85.7550 against the U.S. dollar, down 0.14% on the day. It had …

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Indian benchmarks end little changed after six-session rally

25 Mar 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks settled little changed on Tuesday, cooling off after a six-session rally that erased their 2025 losses, and as U.S. reciprocal import tariffs loomed. The NSE Nifty 50 rose 0.04% to close at 23,668.65, while the BSE Sensex also added 0.04% to 78,017.19. The indexes …

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Analysis-For Musk’s Starlink, India approval could unlock emerging markets

25 Mar 2025

By Nivedita Bhattacharjee BENGALURU (Reuters) – As Starlink nears regulatory approval in India for satellite broadband services, analysts say a victory there could pave a road into more emerging markets and boost the company’s ambitions to add a million subscribers every year. There are still legal hurdles to overcome, and competition from companies such as …

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Air India says all staff to travel in Economy class from April

25 Mar 2025

By Abhijith Ganapavaram NEW DELHI (Reuters) – Air India said on Tuesday that all staff, including top management, would travel in economy from April 1 to free up seats for paying customers, as the airline works on improving its image following criticism over flight delays. Staff would be upgraded to premium economy and business class …

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India’s Ola Electric unit settles dues with registration agency

25 Mar 2025

(Reuters) -A unit of Ola Electric, an Indian electric scooter maker, has settled dues worth 267.5 million rupees ($3.1 million) with vehicle registration agency Rosmerta Group, the companies said on Tuesday. Rosmerta will now withdraw a petition to take the unit insolvent, they said. Earlier this month, Rosmerta Digital Services filed a petition against Ola …

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