Reuters India Business

(This Mar. 5 story has been corrected to say that each rocket, not each booster, costs about $30 million, in paragraph 9) By Nivedita Bhattacharjee BENGALURU (Reuters) – The Indian industrial conglomerate Larsen & Toubro said it is betting on aerospace as a potential growth engine, including launch vehicle and satellite manufacturing, as the country …

L&T bets on space exploration as India expands private rocket and satellite industry Read More »

By Sai Ishwarbharath B MUMBAI (Reuters) -India’s markets regulator will improve transparency in its functioning, including revealing any conflicts of interest of its board members, as a way to build trust, Chairperson Tuhin Kanta Pandey said on Friday. Last week, veteran finance ministry bureaucrat Pandey replaced Madhabi Puri Buch as the chief of the Securities …

India markets regulator to boost transparency, including on board conflicts, chair says Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – A rise in the Indian rupee’s volatility, coupled with a decline in the cost of protecting against currency weakness has prompted firms to increase longer-tenor hedges to shield their balance sheets. The Reserve Bank of India’s (RBI) apparent tolerance for bigger currency swings and uncertainty brought …

Indian firms ramp up long-term FX hedges on rupee swings, cheaper costs Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Friday even as the dollar lingered near a four-month low against its major peers with traders saying that importers’ hedging requirements and foreign banks’ dollar purchases weighed on the local unit. The rupee was at 87.1475 against the U.S. dollar, down slightly from …

Rupee slips; weaker dollar of little help amid importer hedging demand Read More »

(Reuters) – Lloyds Banking Group is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar with the plans. The British lender plans to include 4,000 permanent employees working in technology and data in India by the …

Lloyds shifts skilled IT jobs from UK to India, FT reports Read More »