Reuters India Business

NEW DELHI (Reuters) – A recent rise in women’s participation in India’s labour force was led by self-employment, likely driven by distress more than economic growth, a study said on Wednesday. Self-employment among women was up 14 percentage points to nearly 65% between the quarter ended June 2018 and the quarter ended December 2022, according …

Rising women’s participation in Indian workforce likely led by distress – study Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said on Wednesday. Banking system liquidity deficit jumped to 1.47 trillion rupees ($17.67 billion) as on September 18, the highest single day shortfall since …

India’s banking system liquidity deficit jumps to over 4-year high Read More »

(Reuters) – Tesla’s plan to expand its global manufacturing footprint has sparked a race among some countries to woo CEO Elon Musk and secure billions in investment dollars. Turkish President Tayyip Erdogan on Monday asked Musk to build a manufacturing plant in his country. Hours later, the Wall Street Journal reported that Saudi Arabia was …

Factbox-Tesla courts interest from Turkey to India for next gigafactory Read More »

By Anjana Anil (Reuters) – India’s crude oil imports fell for a third month in a row in August, government data showed on Tuesday, as refiners in the world’s third biggest importer carried out maintenance and reduced shipments from Russia. Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and …

India’s August oil imports fall on lower Russian shipments Read More »

By Rodrigo Campos and Harry Robertson NEW YORK/LONDON (Reuters) -Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday. The financial services trade …

Global debt hits record $307 trillion, debt ratios climb -IIF Read More »

By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – India’s Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said. Torrent is hoping to secure roughly $3 billion to $4 …

Exclusive-India’s Torrent in talks with Apollo to borrow up to $1 billion for Cipla bid, sources say Read More »

By Engen Tham and Selena Li SHANGHAI/HONG KONG (Reuters) -UBS Group AG has identified at least four countries including South Korea and India as “slow” in granting regulatory approvals which it needs to complete its takeover of Credit Suisse, according to an internal document reviewed by Reuters. UBS has also identified Ireland and Saudi Arabia …

Exclusive-UBS names South Korea, India, others as ‘slow’ to nod Credit Suisse deal – document Read More »