Reuters India Business

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian shares tumbled on Monday, with the midcap index recording its biggest slide in seven months, after an unexpectedly strong U.S. jobs report signalled fewer Federal Reserve rate cuts amid persistent worries over slowing domestic earnings. The benchmark Nifty 50 fell 1.47% to 23,085.95, while the BSE Sensex …

Indian shares slump on worries over corporate earnings, fewer Fed cuts Read More »

(Reuters) – India’s Uttar Pradesh is looking to privatise two of its four power distribution companies, a state government tender showed, as the country’s most populous state grapples with power losses and a lack of sufficient transmission infrastructure. The northern Indian state is inviting private companies to form partnerships with or privatise state-owned Dakshinanchal Vidyut …

India’s most populous state looks to privatise two power distribution firms Read More »

By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports hit at least a six-year high in the first nine months of the financial year that started in April 2024, according to provisional government data reviewed by Reuters on Monday. India, the world’s second-biggest crude steel producer, had turned a net importer of finished …

India’s April-December finished steel imports touch at least six-year high Read More »

By Ashitha Shivaprasad and Daksh Grover (Reuters) – Gold prices rebounded on Friday as uncertainty surrounding the incoming Trump administration’s policies lifted safe-haven appeal, even as a stronger-than-expected U.S. employment data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year. Spot gold was up 0.6% at $2,686.24 per ounce as …

Gold rebounds on Trump policy uncertainty despite robust US jobs data Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) – India’s federal investigating agency has alleged that Diageo and Sequoia Capital made suspicious payments to a politician’s firm in an attempt to attain favourable government decisions, a document reviewed by Reuters on Friday showed. The Central Bureau of Investigation (CBI) alleges that Diageo Scotland made a suspicious transfer …

India alleges Diageo, Sequoia Capital made suspicious payments to influence decisions Read More »

BENGALURU (Reuters) -India’s Infosys filed a counterclaim against rival Cognizant in a Texas federal court on Thursday, accusing the U.S.-based company of engaging in anti-competitive practices and poaching key executives. India’s second-largest software company accused Cognizant of anti-competitive practices including clauses in contracts that stop clients from awarding IT services work to competitors and refusing …

India’s Infosys accuses rival Cognizant of anti-competitive practices Read More »

By Nidhi Verma and Dmitry Zhdannikov NEW DELHI/LONDON (Reuters) -The United States will impose some of the harshest sanctions yet on Russia’s oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday. Some 180 vessels, dozens of traders, two major …

US to impose sanctions on Russian oil fleet and traders, document shows Read More »