Reuters India Business

(Reuters) -Vodafone Idea is in exploratory talks with various satellite communication providers, including Starlink, the company said on Wednesday, a week after the Indian telecom firm’s rivals signed deals with Elon Musk’s company. The mobile operator made the disclosure after Indian stock exchanges sought a clarification on its stock move and a report by local …

India’s Vodafone Idea explores partnership with Musk’s Starlink Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Financials lifted Indian shares for a third straight session on Wednesday, with mid-caps logging their best day in nine months as investors scooped up cheaper stocks on easing valuations. The NSE Nifty 50 gained 0.32% to 22,907.60, while the BSE Sensex closed 0.2% higher at 75,449.05. The …

Indian shares rise for third session, mid-caps log best day in 9 months Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Wednesday, touching a near two-month high, supported by dollar sales from foreign banks and seasonal inflows even as its regional peers dipped ahead of the U.S. Federal Reserve’s policy decision. The rupee ended the session at 86.4425 against the U.S. dollar, slightly higher than …

Rupee hits near two-month peak even as Asia FX slips ahead of Fed decision Read More »

By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust officers grilled media executives and seized data in an investigation into price fixing by global advertising agencies GroupM, Interpublic, Publicis and Dentsu, with raids continuing well past midnight into a second day on Wednesday, people familiar with the matter said. The Competition Commission of India (CCI) …

India’s antitrust raids on global media giants GroupM, Publicis, Dentsu ran through the night Read More »

By Manvi Pant (Reuters) -Shares of Indian steel companies rose on Wednesday, a day after a government body recommended a temporary tax on some steel products in a bid to curb cheap imports amid rising global trade tensions, raising hopes of a boost to the firms’ earnings. Metal shares rose as much as 1.6% in …

Steel stocks gain as India plans to tax imports Read More »

NEW DELHI (Reuters) -India has recommended a temporary tax of 12% on some steel products for 200 days, known locally as safeguard duty, in a bid to curb imports, according to a government notice published on Tuesday. “Authority considers that a provisional safeguard duty of 12% will be appropriate to eliminate the serious injury and …

India’s government recommends 12% temporary tax on some steel products Read More »

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -The Indian antitrust body has raided the offices of many global advertising giants, including GroupM, Publicis, Dentsu and Interpublic Group, and a broadcasters’ industry group over alleged price collusion, people with direct knowledge told Reuters on Tuesday. Officers of the Competition Commission of India searched around …

Exclusive-India raids ad giants GroupM, Publicis, broadcasters’ group over price collusion, sources say Read More »