Reuters India Business

By Praveen Paramasivam, Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) – Indian Prime Minister Narendra Modi’s government on Wednesday said it has asked the Tamil Nadu state to submit a “detailed report” after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling …

Modi’s govt calls on Indian state to look into Reuters report on Foxconn hiring Read More »

By Brijesh Patel and Daksh Grover (Reuters) – Gold prices slipped 1% to their lowest level in more than two weeks on Wednesday, weighed by a stronger dollar and higher bond yields, while traders looked forward to U.S. inflation data due later this week. Spot gold was down 0.8%, at $2,301.16 per ounce by 2:03 …

Gold falls to two-week low as higher dollar, yields dent appeal Read More »

By Hritam Mukherjee and Bharath Rajeswaran BENGALURU (Reuters) -Indian benchmarks logged record closing highs for the second straight session on Wednesday, led by gains in heavyweights Reliance Industries and private banks as investors looked for under-heated pockets for better valuations and safety. The NSE Nifty 50 added 0.62% to 23,868.80, while the S&P BSE Sensex …

Reliance, private banks power Indian shares to second straight record-high close Read More »

By Sumit Khanna and Chris Thomas AHMEDABAD, India – The finance chief of the Adani Group conglomerate on Tuesday deemed some of the Indian market regulator notices received by group firms citing alleged regulatory lapses as “trivial” in nature. Led by billionaire Gautam Adani, the group has faced regulatory challenges in India since a report …

Adani CFO calls some regulator notices group received ‘trivial’ Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns, two sources with direct knowledge of the matter said. These steps, aimed at preventing market manipulation following …

India’s markets regulator to tighten stock derivative, financial influencer rules on Thursday Read More »

By Brijesh Patel (Reuters) – Gold prices slipped on Tuesday, hurt by an uptick in the dollar and Treasury yields as investors awaited U.S. inflation data due later this week that could provide cues on the timing of interest rate cuts by the Federal Reserve this year. Spot gold was down 0.6% at $2,318.82 per …

Gold slips as dollar, yields gain; traders await more US data Read More »