Reuters India Business

MOSCOW (Reuters) – Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed. The move will cement India’s position as the top buyer of Russian crude and products at the expense of shipments by previously dominant OPEC …

Russia’s Sept fuel oil and VGO exports to India hit record high -traders, data Read More »

By Praveen Paramasivam CHENNAI (Reuters) – Shares in India’s Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald’s operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter. Prices of essentials in India have shot up in recent months, …

Fast-food slowdown catches up with McDonald’s India franchisee Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was little changed on Friday, bucking the strength among most Asian peers, as persistent U.S. dollar demand from importers and equity-linked outflows kept up the pressure on the local unit. The rupee was at 83.2425 as of 10:30 a.m. IST, compared with its close of 83.23 …

Rupee little changed as importer dollar demand blunts strength in Asian peers Read More »

By Xie Yu and Summer Zhen HONG KONG (Reuters) – Global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth and liquidity and its emergence as an alternative to investing in China. Singapore-based multi-strategy hedge fund Dymon Asia Capital and …

Global hedge funds are boosting their presence in the long-shunned Indian market Read More »

BENGALURU (Reuters) – Indian telecom operator Vodafone Idea reported a wider-than-expected loss on Thursday, due to subscriber loss and increased expenses. Consolidated loss after tax was 87.38 billion rupees ($1.05 billion) for the quarter ended Sept 30, compared with a loss of 75.96 billion rupees a year earlier. Analysts on an average had expected a …

India’s Vodafone Idea posts wider-than-expected Q2 loss as user base shrinks Read More »

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments. India had imposed a $1,200 per ton minimum export price …

India cuts floor price for basmati rice exports to revive shipments Read More »