Reuters India Business

By Tanvi Mehta NEW DELHI (Reuters) -Israel’s Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10 billion) for a semiconductor project in India’s western state of Maharashtra, its chief minister said in a post on X on Thursday. India has taken steps to encourage global companies to set up their manufacturing units in …

Israel’s Tower Semiconductor, Adani plan $10 billion chip project in India Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India plans to extend a ban on sugar exports for the second straight year as the world’s biggest consumer of the sweetener grapples with the prospects of lower cane output, government sources said. New Delhi also plans to raise the price at which oil companies buy …

India to extend sugar export ban to boost local supplies, ethanol output, sources say Read More »

NEW DELHI (Reuters) – India is considering cutting the prices of petrol and diesel, broadcaster India Today TV said on Friday, citing sources. The finance ministry did not immediately respond to a request for comment on the report. (Reporting by Shivam Patel; Editing by Clarence Fernandez)

By Jayshree P Upadhyay and Ira Dugal MUMBAI (Reuters) – India’s markets regulator will tighten derivative rules to increase entry barriers and make it more expensive to trade as it tries to limit retail investors speculating on risky contracts, said four sources with direct knowledge of the matter. Securities and Exchange Board of India (SEBI) …

Exclusive-India to tighten derivatives rules despite investor pushback, sources say Read More »

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes declined on Friday and are set for weekly losses, as investors remained jittery ahead of a crucial U.S. jobs report that could determine the size and speed of the Federal Reserve’s interest rate cuts. The Nifty 50 index fell 0.93% to 24,904.1 points, while …

Indian shares fall ahead of US jobs data, set for weekly losses Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose on Friday after disappointing U.S. private payrolls data fuelled expectations of a weaker jobs report, prompting traders to avoid the U.S. dollar. The rupee was at 83.9350 to the U.S. dollar at 9:30 a.m. IST, up from 83.9825 in the previous session. U.S. private employers …

Rupee inches up on hopes of weak US jobs report Read More »

By Anushree Ashish Mukherjee (Reuters) – Gold prices rose to near one-week highs on Thursday, on the back of a weaker U.S. dollar and lower yields after signs of labour market losing steam led investors to expect a super-sized rate cut from the Federal Reserve this month. Spot gold was up 0.9% at $2,515.93 per …

Gold gains as investors anticipate super-sized Fed rate cut Read More »

By Manoj Kumar NEW DELHI (Reuters) -Amazon Inc expects to help Indian exporters sell about $5 billion worth of small-ticket items through its platform this year in markets such as the United States and Britain, up from nearly $3 billion in 2023, a company official said. Under the Amazon Global Selling programme, launched in 2015, …

Amazon says exports from India-based sellers to cross $5 billion in 2024 Read More »