Reuters India Business

NEW DELHI (Reuters) – An Indian parliamentary committee recommended on Friday the government cut tariffs on imports of raw materials in a bid to support local manufacturers, who are expected to come under more pressure in looming trade talks with Washington. The committee, set up to examine trade and commerce legislation, said tariffs on incoming …

India parliament panel asks government to cut tariffs to boost local manufacturing Read More »

BENGALURU (Reuters) – The Securities and Exchange Board of India (SEBI) said on Friday intermediaries seeking to publish advertisements on social media to register on such platforms through their email and mobile number used on the regulator’s portal. SEBI said it has noticed a sharp rise in frauds related to the securities market on social …

India markets regulator tightens rule for intermediaries to publish ads on social media Read More »

By Haripriya Suresh and Bharath Rajeswaran BENGALURU (Reuters) – India’s information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture flagged weak discretionary spending and demand in its quarterly report. Accenture, the world’s largest IT services player and a bellwether for the Indian IT …

Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say Read More »

(Reuters) – Mahindra and Mahindra will increase prices of its SUVs and other commercial vehicles by up to 3% from April, the company said on Friday, becoming the latest Indian carmaker to raise prices to combat rising costs. Already, market leader Maruti Suzuki, Tata Motors and Hyundai Motor India have said they will hike prices …

India’s Mahindra and Mahindra to hike vehicle prices from April Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves rose by $300 million to a more than three-month high of $654.27 billion as of March 14, data released by the central bank on Friday showed. They had risen by $15.3 billion in the prior week, the biggest jump since August 2021. Changes in foreign currency assets are …

India’s foreign exchange reserves rise to over three-month high Read More »

By Aditi Shah NEW DELHI (Reuters) – Lamborghini and Mercedes-Maybach plan to expand in India as a growing tribe of young, rich Indians splurge on super luxury cars, driving their sales to record levels. Italian supercar maker Lamborghini, fresh from a year of record sales, is exploring a fourth showroom in India, while Mercedes-Maybach sees …

Young, rich Indians rev up Lamborghini and Mercedes-Maybach sales Read More »