Reuters India Business

Russian oil supplies to India recover in March, sources say

12 Mar 2025

By Nidhi Verma NEW DELHI/MOSCOW (Reuters) -India’s Russian oil imports recovered in March, returning to near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies were diverted from Turkey, according to five trade sources and shipping data. The recovery of Russian oil flow to the world’s third-largest oil importer …

Russian oil supplies to India recover in March, sources say Read More »

India to launch auction for mineral exploration licenses for 13 blocks

12 Mar 2025

(Reuters) – India will launch an auction on Thursday for licenses to explore critical mineral mining in the country, the government said on Wednesday. The Ministry of Mines will auction 13 exploration blocks, including those of diamond and copper. In 2023, India identified over 20 minerals, including lithium, as “critical” for its energy transition efforts …

India to launch auction for mineral exploration licenses for 13 blocks Read More »

Indian mills sign contracts to export 600,000 metric tons of sugar

12 Mar 2025

By Rajendra Jadhav MUMBAI (Reuters) – Indian mills have contracts to export 600,000 metric tons of sugar in the 2024/25 marketing year ending in September, but are reluctant to sign further export deals as local prices have increased, five industry officials told Reuters. The slower pace of shipments from India, the world’s second biggest sugar …

Indian mills sign contracts to export 600,000 metric tons of sugar Read More »

Indian benchmarks end lower; IT index confirms bear market

12 Mar 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes fell on Wednesday, with information technology stocks confirming a bear market as worries over the U.S. economy prompted multiple stock downgrades. The Nifty 50 closed 0.12% lower at 22,470.5, while the Sensex fell 0.1% to 74,029.76. During the session, the indexes oscillated between 0.7% …

Indian benchmarks end lower; IT index confirms bear market Read More »

Rupee sidesteps weak Asian FX to close nearly flat; local, US CPI data awaited

12 Mar 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly unchanged on Wednesday, wedged between the weakness in Asian currencies and broad-based interbank dollar sales that offered support to the local unit amid a weak global risk environment. The rupee ended at 87.2075 against the U.S. dollar, almost flat compared to its close of …

Rupee sidesteps weak Asian FX to close nearly flat; local, US CPI data awaited Read More »

ArcelorMittal Nippon sues India over raw material imports as fight escalates

12 Mar 2025

By Arpan Chaturvedi, Aditya Kalra and Neha Arora NEW DELHI (Reuters) – ArcelorMittal’s India joint venture has sued New Delhi for rejecting imports of a steelmaking raw material, saying it was incorrectly imposing import curbs retroactively, escalating its fight over a policy change that is hurting its business, documents show. India’s government imposed curbs on …

ArcelorMittal Nippon sues India over raw material imports as fight escalates Read More »

India proposes to set up trading exchange for domestic coal

12 Mar 2025

SINGAPORE (Reuters) – India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice seeking comments on the proposal. The world’s fastest growing major economy opened up coal mining to private companies earlier this decade, …

India proposes to set up trading exchange for domestic coal Read More »

India’s PFC gets government nod to issue deep-discount long-tenor debt

12 Mar 2025

By Dharamraj Dhutia MUMBAI (Reuters) – India’s Power Finance Corp (PFC) has received government approval to raise up to 100 billion rupees ($1.15 billion) through a rarely used corporate bond structure. PFC can raise these funds with a maturity of 10 years and one month until the end of March 2027 by issuing deep-discount zero-coupon …

India’s PFC gets government nod to issue deep-discount long-tenor debt Read More »

Exclusive-Jaguar Land Rover shelves plan to build EVs at Tata’s India plant, sources say

12 Mar 2025

By Aditi Shah NEW DELHI (Reuters) – Jaguar Land Rover has shelved plans to build electric vehicles at parent company Tata Motor’s upcoming $1 billion factory in southern India, four people with knowledge of the matter said. The British luxury car unit was unable to find the right price-quality balance for locally sourced EV parts, …

Exclusive-Jaguar Land Rover shelves plan to build EVs at Tata’s India plant, sources say Read More »

India’s equity mutual fund inflows slip to 10-month low as markets stumble

12 Mar 2025

By Bharath Rajeswaran (Reuters) -Inflows into India’s equity mutual funds fell to a 10-month low in February, data released on Wednesday showed, with investors scurrying to safety with smallcaps and midcaps firmly in a bear grip. Inflows fell 26% month-on-month, the steepest percentage drop since April 2023, to about 293 billion rupees ($3.4 billion), according …

India’s equity mutual fund inflows slip to 10-month low as markets stumble Read More »

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