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India stocks to limp back in partial recovery from deepest rout in decades: Reuters poll

By Vivek Mishra BENGALURU (Reuters) – India’s battered benchmark stock indices are set for a slow and partial recovery this year from their worst consecutive monthly rout in nearly three decades, according to a Reuters poll of equity analysts who were far more pessimistic than three months ago. The blue-chip Nifty 50 index has sunk …

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At conference, drugmakers tout AI efforts as US tariffs cast shadow

By Kashish Tandon, Bhanvi Satija and Rishika Sadam HYDERABAD (Reuters) – The rising adoption of artificial intelligence in the pharmaceutical industry dominated discussions at a conference in India this week, while executives largely preferred to wait for more clarity on U.S. President Donald Trump’s tariff threats. Drugmakers such as Amgen and contract manufacturers including Parexel …

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India singles out VW in $1.4 billion tax dispute, says Kia corrected course

By Arpan Chaturvedi, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show. Volkswagen is a …

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India on the verge of becoming clinical trials hub, Parexel executive says

By Bhanvi Satija and Kashish Tandon HYDERABAD (Reuters) – India is ready to step in as an alternative site for early-stage clinical trials to help mitigate the impact of disruptions such as the Russia-Ukraine war, an executive at contract research firm Parexel told Reuters on Wednesday. The U.S.-based company plans to boost its headcount in …

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India must double renewable capacity additions to meet 2030 clean-energy targets, report says

(Reuters) – India must double its annual solar and wind capacity additions over the next five years to meet its 2030 clean-energy targets, despite record additions in 2024, Global Energy Monitor (GEM) said in a report on Wednesday. India added nearly 28 gigawatts (GW) of solar and wind capacity in 2024, with solar power additions …

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India regulator plans steps to limit spill-over of equity derivative volatility

By Nimesh Vora and Bharath Rajeswaran MUMBAI (Reuters) – India’s markets regulator has proposed rules to curb possible manipulation and limit the spill-over of volatility from equity derivatives into the broader cash market, which has slipped sharply after hitting record highs in September 2024. The Securities and Exchange Board of India’s (SEBI) last set of …

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Jubilant Foodworks chair calls allegations against him ‘baseless’

By Arpan Chaturvedi and Indranil Sarkar NEW DELHI/BENGALURU (Reuters) – Jubilant Foodworks said on Tuesday that its Chair Shyam Bhartia has called allegations against him “baseless”, following media coverage of a court petition and a police complaint in which an Indian actor accused Bhartia of raping her. Jubilant, which operates Domino’s Pizza, Popeyes and Dunkin’ …

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Gold hits one-week low as investors cash in, trade war fears persist

By Anmol Choubey (Reuters) – Gold prices dropped to their lowest level in over a week on Tuesday, as investors booked profits after a record high in the previous session on ongoing fears of instability around U.S. President Donald Trump’s tariff plans. Spot gold fell 1.4% to $2,909.59 an ounce as of 01:46 a.m. (1846 …

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