Reuters India Business

By Jaspreet Kalra MUMBAI (Reuters) – Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said. Last week, Trump unveiled plans to levy reciprocal tariffs on all countries that have tariffs on U.S. goods or set …

Indian rupee unlikely to see significant impact from reciprocal US tariffs, Jefferies says Read More »

By Siddhi Nayak and Khushi Malhotra MUMBAI (Reuters) – The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special withdrawals for personal and medical emergencies, two sources familiar with the matter said on Thursday. The RBI, along with the lender’s administrator, will require …

India’s central bank weighs some relief for New India Co-op Bank depositors, sources say Read More »

By Praveen Paramasivam (Reuters) – Dixon Technologies India, which assembles Google’s Pixel smartphones, is set to more than double its revenue this fiscal year, driven by rapid growth in local electronics manufacturing, a top executive told Reuters. Electronics manufacturing has gained momentum in India as global giants, including Alphabet’s Google and Apple, expand their supply …

Google Pixel-maker Dixon to double revenue as India ramps up electronics production Read More »

(Reuters) – Vedanta’s shareholders and lenders have approved the oils-to-metals conglomerate’s plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its secured and unsecured creditors. Group Chairman Anil Agarwal launched the plan to overhaul the business in 2023 following an unsuccessful attempt to take Vedanta private …

Indian miner Vedanta’s shareholders, creditors clear way for five-way split Read More »

By Bharath Rajeswaran (Reuters) – The nearly five-month-long slide in Indian equities could continue since the slowdown in corporate earnings growth and the exodus of foreign investors will persist as the world’s fifth-largest economy sputters, fund managers and analysts said. Since hitting its all-time highs in late September, the benchmark Nifty 50 index has tumbled …

Indian equity markets’ pain to worsen as economy, corporate profits slow Read More »