Reuters India Business

By Ankur Banerjee, Jayshree P Upadhyay and Bharath Rajeswaran SINGAPORE/MUMBAI/BENGALURU (Reuters) – India’s six-week long national election, the world’s largest, has entered its final stage with votes scheduled to be counted on June 4, and investors are gearing up for Prime Minister Narendra Modi’s widely expected third term in office. However, the margin of victory …

Factbox-What investors expect from India’s election outcome Read More »

BENGALURU (Reuters) – India’s National Power Thermal Corp (NTPC) reported higher fourth-quarter profit on Friday, fueled by strong domestic power demand. Consolidated net profit for the country’s top power producer grew 27% to 61.69 billion rupees (about $743 million) in the three months to March 31. A rise in earnings comes as India witnessed heightened …

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BENGALURU (Reuters) – Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told Reuters. Google and Flipkart were not immediately available to confirm the value of the investment. The tech giant will join in …

Google to invest $350 million in India’s Flipkart, valuing co at $37 billion, source says Read More »

NEW DELHI (Reuters) – India expects a normal monsoon to ease food inflation, and cushion its economy from a possible rise in global commodity prices due to geopolitical tensions, said a government report released on Friday. Government steps including the sale of state food stocks on the open market were helping to stabilise food prices, …

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By VarunVyas Hebbalalu BENGALURU (Reuters) – Shares of Adani Enterprises on Friday bounced back to levels last seen in January 2023, before a report by U.S. short-seller Hindenburg Research triggered a sell-off in billionaire Gautam Adani’s ports-to-power conglomerate. Shares of the Adani group’s flagship company rose as much as 2.1% to 3,457.85 rupees. The stock …

India’s Adani Enterprises recovers to pre-Hindenburg levels Read More »