Reuters India Business

Rule change to drive up clean energy project costs in India’s top solar state

By Sethuraman N R (Reuters) – Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement …

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Dollar gains on improving US business activity, tariff optimism

By Karen Brettell NEW YORK (Reuters) -The dollar jumped to multi-week highs against the euro and yen on Monday after data showed U.S. business activity picked up in March and reports that U.S. President Donald Trump will be flexible with upcoming tariffs. In cryptocurrencies, bitcoin was also bolstered by improving risk sentiment and reached $88,772, …

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Bank of America set to appoint Vikram Sahu as new country head for India

MUMBAI (Reuters) – Bank of America Corp is set to appoint Vikram Sahu as the new country executive for its India business, according to a memo reviewed by Reuters. Sahu, who is currently head of global equity research based out of New York, will replace Kaku Nakhate as the India country executive. Sahu will move …

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India’s Britannia says strike disrupts Gujarat plant operations

(Reuters) – Indian biscuit maker Britannia Industries <BRIT.NS> said on Monday that operations at its Jhagadia plant in Gujarat have been partially affected due to a strike. The company is in continuous discussions with workers to resolve the strike, which began on Monday, the company said in an exchange filing. The impact is still being …

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India markets regulator to review provisions for members’ conflict of interest

By Nishit Navin and Ira Dugal MUMBAI/BENGALURU (Reuters) -The Securities and Exchange Board of India will set up a committee to review provisions related to its members’ conflict of interest, the markets regulator said on Monday in its first meeting under new chairman, Tuhin Kanta Pandey. SEBI’s previous chief, Madhabi Puri Buch, had come under …

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Gold rally attracts investors back to mining stocks after months of outflows

By Patturaja Murugaboopathy (Reuters) -Funds that invest in gold miners are set to attract their largest net monthly inflows in more than a year in March, as record-high gold prices improve firms’ profit outlooks and boost cash flow. Although gold prices also rose last year, miners still struggled to offset inflation-driven spikes in labour and …

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Indian refiners cut spot tenders as Russian oil shipments rebound, sources say

NEW DELHI/SINGAPORE (Reuters) – Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, company sources said on Monday, as Russian supplies bounce back from sanctions-related disruptions. Indian state refiners had all but stopped issuing spot tenders before this year as they gorged on Russian oil that …

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India’s Nifty 50 erases 2025 losses on FPI return, bargain buying

By Vivek Kumar M and Bharath Rajeswaran (Reuters) – India’s benchmark Nifty 50 reversed its year-to-date losses on Monday after a six-day winning run, as foreign investors turning buyers and bargain-hunting opportunities boosted sentiment. The NSE Nifty 50 rose 1.32% to close at 23,658.35, while the BSE Sensex added 1.4% to 77,984.38. The Nifty is …

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India central bank’s $10 billion FX swap oversubscribed, cut-off at 5.86 rupees

MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) $10 billion, 3-year dollar/rupee buy-sell swap auction on Monday to boost rupee liquidity was oversubscribed by a little over two times, with the cutoff rate set at 5.86 rupees. Under the swap, the central bank will inject liquidity amounting to $10.04 billion equivalent of rupees into …

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