By Manoj Kumar and Mayank Bhardwaj NEW DELHI (Reuters) -Indian agricultural exporters are among the winners from U.S. President Donald Trump’s exemption of dozens of food items from his reciprocal tariffs regime, which some analysts say could help to revive lost demand. Trump on Friday removed tariffs he had imposed on more than 200 food …
Trump tariff rollback offers relief for Indian farmers Read More »
BENGALURU (Reuters) -India put new privacy rules into force on Friday that will make Meta, Google, OpenAI and other companies minimize collection of personal data and give people more control over their information. The rules, akin to the broader goals of the European Union’s landmark GDPR privacy law, come as countries are scrambling to safeguard …
India strengthens privacy law with new data collection rules Read More »
By Noel John and Pablo Sinha (Reuters) -Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut. Spot gold fell 1.9% to $4,092.72 per ounce, as of 02:33 p.m. ET (1933 GMT), after falling over 3% earlier …
Gold slips 3% as hawkish Fed comments spark market sell-off Read More »
By Kashish Tandon and Chandini Monnappa (Reuters) -Tata Motors Passenger Vehicles cut its fiscal 2026 margin goal for Jaguar Land Rover on Friday after a cyberattack disrupted production at the luxury automaker, adding to pressure from soft demand in China and chip supply constraints. JLR, which generates most of Tata Motors’ profits, is grappling with …
Tata Motors cuts Jaguar Land Rover margin forecast after cyberattack, China woes Read More »
(Reuters) -India’s Glenmark Pharmaceuticals reported a 72% jump in second-quarter adjusted profit on Friday, on recovery in key North American and European markets. The drugmaker reported a consolidated net profit of 6.1 billion rupees ($69.4 million) for the quarter ended September 30, up from 3.54 billion rupees a year ago. Total revenue from operations rose …
India’s Glenmark posts higher quarterly profit on strong demand in N.America, Europe Read More »
(Reuters) -India’s central bank announced trade relief measures on Friday for businesses impacted by the recent hike in U.S. tariffs, including a moratorium on all term loans to be paid by exporters that are due between September 1 and December 31, 2025. U.S. tariffs, including a 25% punitive levy over New Delhi’s purchases of Russian …
India’s cenbank announces relief measures for exporters hit by US tariff Read More »
(Reuters) -Indian automaker Maruti Suzuki said on Friday it will recall 39,506 units of its Grand Vitara, citing inaccurate fuel level and warning light in the speedometers of some of the vehicles. The company will recall the units of Grand Vitara manufactured between December 9, 2024, to April 29, 2025. (Reporting by Manvi Pant in …
India’s Maruti Suzuki to recall 39,506 units of Grand Vitara Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -The Reserve Bank of India resumed purchase of government bonds after a gap of six months, as it infused liquidity into the banking system via the secondary market, according to central bank data released on Friday. The RBI net bought bonds worth 124.70 billion rupees ($1.41 billion) in the week …
India’s central bank resumes debt buying after 6 months, pulls down yields Read More »
(Reuters) -Indian explorer Oil India reported a 43% slump in second-quarter profit on Friday, as crude realisations, or the price at which it sells the product, declined, while higher expenses also weighed on margins. The state-owned firm’s standalone profit, which excludes earnings from joint ventures and overseas operations, fell to 10.44 billion rupees ($118.8 million) …
Oil India posts 43% fall in quarterly profit on low selling price, rising expenses Read More »
BENGALURU (Reuters) -Reliance Industries plans to set up a 1-gigawatt AI data center in India’s Andhra Pradesh, the state’s chief minister said on Friday, adding to infrastructure capacity in India where the likes of Google and Microsoft have made huge AI investments. Chief Minister Chandrababu Naidu did not disclose financial details of the investment. Reliance …
Reliance to set up 1 gigawatt AI data centre in India’s Andhra Pradesh Read More »
