(Reuters) -India’s Hindalco said on Wednesday that a fire at the New York plant of its U.S. unit Novelis will hit the miner’s 2026 cash flow by $550 million to $650 million. Novelis booked a $21 million charge in the second quarter tied to the incident that occurred in September, and posted a 27% rise …
India’s Hindalco sees up to $650 million impact from fire at unit’s New York plant Read More »
By Aditya Soni (Reuters) -Nvidia on Wednesday joined Indian and U.S. investors backing the south Asian country’s deep-tech startups as the group added new members and secured more than $850 million in capital commitments to close a big funding gap. Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital are among the new …
Nvidia joins India Deep Tech Alliance as group adds new members, $850 million pledge Read More »
By Sethuraman N R (Reuters) -India’s planned rules requiring renewable producers to strictly adhere to their promised green energy supply to the grid would squeeze company earnings and slow investment in the sector, a review of industry letters showed on Wednesday. The Central Electricity Regulatory Commission (CERC), in its draft published in September 2025, proposed …
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes dropped on Tuesday, with chip stocks lower as the CEOs of Goldman Sachs and Morgan Stanley cautioned that equities could be heading for a pullback, while the dollar climbed to a four-month high against the euro. U.S. Treasuries rose, pushing yields lower, amid a flight to …
Stocks fall after recent rally; dollar hits 4-month high vs euro Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations. All three major U.S. stock indexes slid well into negative territory after the CEOs of Morgan Stanley and Goldman Sachs stoked fears of …
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters Read More »
By Vibhuti Sharma MUMBAI (Reuters) -India’s ChrysCapital has raised $2.2 billion for its tenth fund, making it the country’s biggest-ever private equity fund, and drawing strong demand from domestic investors for the first time, the firm said on Wednesday. The fund, ChrysCapital X, represents a 60% increase over its $1.35 billion Fund IX that closed …
Record $2.2bln ChrysCapital PE fundraise opens to Indian LPs for first time Read More »
By Jayshree P Upadhyay BENGALURU (Reuters) -National Stock Exchange of India [NSEI.NS], the operator of the country’s biggest bourse, said on Tuesday it has set aside nearly 13 billion rupees ($148 million) to settle cases pending with the markets regulator as it seeks to push ahead with a long-delayed IPO. NSE, the world’s most active …
India’s NSE sets aside 13 billion rupees to settle pending regulatory cases Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump speaks often with Indian Prime Minister Narendra Modi and trade teams from both countries continue to hold talks, the White House said on Tuesday. “The president and his trade team continue to be in very serious discussions with India,” White House spokeswoman Karoline Leavitt told reporters. “I know the …
Trump, Modi speak frequently as trade talks continue, White House says Read More »
By Noel John and Pablo Sinha (Reuters) -Gold prices fell more than 1% on Tuesday as the dollar hit three-month highs, while traders awaited U.S. economic data for clues on the Federal Reserve’s monetary policy path. Spot gold was down 1.5% to $3,940.75 as of 2:15 p.m. EST (1915 GMT). U.S. gold futures for December …
Gold slips more than 1% on stronger dollar as market awaits US jobs data Read More »
(Reuters) -Home appliance maker Whirlpool of India’s second-quarter profit fell 20.55%, hurt by declining sales in the refrigerator segment amid competitive pricing and promotions. The Indian unit of U.S.-listed Whirpool Corp reported a profit of 413.3 million rupees ($4.70 million) in the three-month period ended September 30, down from 520.2 million rupees last year. The …
Whirlpool of India’s profit falls on sluggish demand for refrigerators Read More »
