Reuters India Business

BENGALURU (Reuters) – India’s market regulator said on Monday charges levied by market infrastructure institutions such as stock exchanges, clearing corporations and depositories should be uniform and not based on volumes. Exchanges often charge a lower fee to brokers if they generate high volumes, contributing to a surge in trading across segments like derivatives. Asking …

India’s SEBI says charges levied by market institutions should be uniform Read More »

By Aditya Kalra NEW DELHI (Reuters) – India’s human rights watchdog said on Monday it had asked government officials to examine reported discrimination by Foxconn, after a Reuters investigation found the major Apple supplier has been rejecting married women from iPhone assembly jobs in the country. In a statement, the National Human Rights Commission (NHRC) …

India human rights body says Reuters story on Foxconn hiring raises discrimination concerns Read More »

By Shaloo Shrivastava BENGALURU (Reuters) – Activity in India’s manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years, despite inflationary pressures remaining elevated, a survey showed. Strong demand is a much needed ingredient for growth in Asia’s third-largest economy, which is the …

Robust demand boosts India factory growth in June, PMI shows Read More »

BENGALURU (Reuters) -Indian health insurer Niva Bupa has filed for an initial public offering (IPO) to raise up to 30 billion rupees (nearly $360 million), draft papers showed on Monday. The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to eight billion rupees as part of …

Indian health insurer Niva Bupa files for $360 million IPO Read More »

By Leika Kihara TOKYO (Reuters) -Asia’s factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering policymakers some hope the region can weather the hit from soft Chinese demand. But cost pressures weighed on manufacturers in countries like Japan, where the weak …

Asia’s factory activity expands in June on solid global demand Read More »

By Hritam Mukherjee BENGALURU (Reuters) -Indian shares inched higher on Monday, helped by gains in autos ahead of monthly sales data for June and information technology stocks on renewed hopes of an interest rate cut in the U.S. in September. The NSE Nifty 50 rose 0.21% to 24,061.45 points, while the S&P BSE Sensex added …

Indian shares inch higher as autos, IT stocks gain Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was weaker on Monday as a jump in U.S. bond yields put pressure on most Asian currencies. The rupee was at 83.46 against the U.S. dollar as of 10:15 a.m. IST, compared to its close at 83.3825 in the previous session. The offshore Chinese yuan slipped …

Rupee declines as uptick in US bond yields squeezes most Asian peers Read More »

By Nandan Mandayam (Reuters) -India’s Ola Electric is working to build solid-state batteries and expects its vehicles to be powered by its own cells next year, the founder and chairman of the SoftBank Group-backed electric scooter maker said on Saturday. “We are in very early stages of our experimentation on solid state batteries,” said chairman …

India’s Ola Electric working to build solid-state batteries, chairman says Read More »

NEW DELHI (Reuters) – An Indian government panel, tasked with recommending candidates for top positions of state-run banks and institutions, has picked Challa Sreenivasulu Setty as State Bank of India’s next chairman. The incumbent chairman of SBI, India’s largest bank by assets, Dinesh Khara, is set to retire from the post on August 28. The …

India govt panel picks CS Setty as next SBI chairman Read More »