Reuters India Business

By Sethuraman N R and Sudarshan Varadhan BAMBOLIM, India (Reuters) – New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel …

New US sanctions more likely to curb Indian imports of Russian coal, traders say Read More »

By M. Sriram MUMBAI (Reuters) -Kedaara Capital is set to raise $1.7 billion for what would be India’s biggest-ever private equity fund, two people with direct knowledge of the matter said, highlighting huge interest in the country’s fast-growing economy amid a shift away from China. The latest fund will be Kedaara’s fourth and will be …

Kedaara close to raising $1.7 billion for India’s biggest PE fund, sources say Read More »

By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) – Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said. Washington on Friday imposed sanctions …

New sanctions threaten Russian oil sales to India Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined on Wednesday, dragged by energy companies and public sector banks and as investors booked profits ahead of key U.S. and domestic economic data. The blue-chip index NSE Nifty 50 was down 0.72% at 22,039, while the BSE Sensex shed 0.67% to 72,605.25, as of 11:54 a.m. IST. …

Energy, banks drag Indian shares lower Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was largely flat on Wednesday as sustained dollar inflows helped ease the pressure from weakness in most Asian currencies. The rupee was at 82.90 against the U.S. dollar as of 11:00 a.m. IST, barely changed from its close of 82.8975 in the previous session. Meanwhile, dollar-rupee …

Rupee flat, far forward premiums extend decline to 2-1/2-month low Read More »

By Jayshree P Upadhyay (Reuters) – India’s market regulator has asked the country’s asset managers to give investors more information about the risks associated with their small and mid-cap funds, according to a fund manager and two people with knowledge of the matter. Small and mid-sized funds have seen high inflows, causing concern among authorities …

India regulator asks small, mid-cap funds to disclose more about risks Read More »

By Dhwani Pandya and Praveen Paramasivam MUMBAI (Reuters) – India’s western state of Maharashtra will inspect outlets of global fast-food brands to check if they use cheese alternatives in products wrongly promoted as containing real cheese, widening scrutiny beyond a crackdown on McDonald’s, a top official said. The checks threaten to cause a headache for …

Indian state to inspect outlets of global fast-food chains after McDonald’s cheese crackdown Read More »