By Bharath Rajeswaran (Reuters) -Indian shares dropped on Monday after U.S. President Donald Trump imposed sweeping tariffs on Canada, Mexico and China, spurring concerns of a broader trade war. The Nifty 50 was down 0.52% at 23,361.05, while the BSE Sensex shed 0.41% to 77,186.74. Asian and European stock markets slumped as Trump’s tariffs triggered …
Indian shares tumble as trade war shockwaves reach Mumbai Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country’s three biggest trade partners, stoking fears of a trade war that rattled global financial markets. The rupee declined to 87.28 per U.S. dollar before closing at 87.1850, …
Rupee sinks to lifetime low as Trump tariffs unnerve global markets Read More »
(Reuters) – Indian drugmaker Alembic Pharmaceuticals reported a lower third-quarter profit on Monday, weighed down by weak local sales of its drugs that treat acute illnesses. The company’s consolidated profit dropped 23% to 1.38 billion rupees (nearly $16 million) in the quarter ended Dec. 31. Its sales in India, its biggest market, grew 3% from …
India’s Alembic Pharma posts lower Q3 profit on weak domestic demand Read More »
By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) – India is assessing whether a global corporate tax deal agreed between 140 nations can work following U.S. President Donald Trump’s withdrawal from the landmark 2021 arrangement, a senior bureaucrat in the finance ministry said. Last month, Trump declared the global corporate minimum tax deal “has …
India asks whether global tax deal can work after US withdrawal Read More »
HYDERABAD (Reuters) – India’s Divi’s Laboratories reported a better-than-expected quarterly profit on Monday, aided by strong performance of its business that focuses on customised production of chemical compounds used in drugs, sending its shares higher. The company’s consolidated net profit jumped 64.5% to 5.89 billion rupees ($67.6 million) in the third quarter, slightly above analysts’ …
India’s Divi’s Labs beats Q3 profit estimates on strong API demand; shares rise Read More »
By Siddhi Nayak MUMBAI (Reuters) – Despite the Indian government’s efforts to consolidate its fiscal position, a sovereign rating upgrade appears challenging due to concerns over high public debt and interest payments, an analyst at Fitch Ratings said in an interview on Monday. “India’s debt-to-GDP ratio is just above 80% on a general government basis, …
India’s rating upgrade a challenge as debt woes trump fiscal prudence, says Fitch Read More »
By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) – India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid U.S. President Donald Trump’s moves on tariffs. Sunday’s remarks came a day after Trump ignited a trade …
India vows to avoid protectionist signals on trade, says top official Read More »
MUMBAI (Reuters) – The Indian rupee this week is expected to be undermined by the fallout of U.S. President Donald Trump imposing tariffs on Mexico, Canada and China, while government bonds will await cues from the central bank’s monetary policy decision. There was little impact on the rupee from India’s federal budget on Saturday. Indian …
India rupee strained by Trump tariffs; bonds await central bank policy decision Read More »
By Aftab Ahmed and Ira Dugal MUMBAI (Reuters) -India’s annual budget announcement was a bigger deal than usual this year: As the first full budget of Prime Minister Narendra Modi’s third term, it will set the tone for how the world’s fifth-largest economy confronts slowing growth and sagging markets. But the year’s top economic policy …
India budget opts for economic sugar rush over reform Read More »
By Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -OpenAI faces an uphill climb as it argues that Indian courts cannot hear lawsuits about its U.S.-based business in the country, where Telegram has failed with similar defences and U.S. technology firms have faced government heat on compliance. OpenAI, which counts India as its …
OpenAI cites US roots to dodge India courts, but lawyers say case can be heard Read More »
