Reuters India Business

(Reuters) -TotalEnergies is in talks to invest in Adani Green Energy’s renewable energy projects, in what could be the first deal between the companies since a short-seller’s allegations damaged the Indian group’s shares in January, Bloomberg News reported. The French oil company could invest about $700 million in the projects in a drive to expand …

TotalEnergies in talks to invest $700 million in Adani Green’s projects – Bloomberg News Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Friday, weighed by crude marking fresh year-to-date highs but the downside was likely capped by dollar selling orders and expected equity inflows. The rupee was 83.07 against the U.S. dollar as of 11:00 a.m. IST, compared with 83.03 in the previous session. Asian …

Rupee weakens slightly; dollar offers, equity inflows to cap losses Read More »

BENGALURU (Reuters) – India’s second-largest software services exporter Infosys said it signed a $1.5 billion contract for a 15-year period with a “global company”. Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company’s platforms and artificial intelligence (AI) solutions, it said on Thursday. Infosys did not name the …

India’s Infosys signs $1.5 billion contract to leverage AI solutions Read More »

By Rishika Sadam HYDERABAD, India (Reuters) – India’s Goa state has warned the local unit of Abbott Laboratories it plans to suspend the manufacturing licence of its antacid medicine after inspectors flagged contamination risks and sanitization issues at its factory, government documents show. The U.S. based drugmaker is locked in a tussle with drug regulators …

Goa state warns Abbott India on antacid Digene licence suspension Read More »

By Eric Onstad BARCELONA (Reuters) – The aluminium sector in India is a bright spot in an otherwise flat to downbeat global picture as the government rolls out infrastructure and industry seeks to satisfy growing demand, an executive said on Thursday. India is already the world’s second biggest aluminium producer and third biggest consumer, with …

Aluminium sector surging in India, but hampered by labour shortages -Hindalco exec Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) -India will reduce the limit on the amount of wheat stocks that traders and millers can hold but it has no immediate plans to abolish the import duty on the grain, a top government official said, indicating sufficient local supplies. Traders, wholesalers and big retailers will be allowed to …

India tightens wheat stocks limits, no plan to axe import tax Read More »

By Polina Devitt, Rajendra Jadhav and Siyi Liu LONDON (Reuters) – Russia has stepped up imports of the aluminium feedstock alumina from India in recent months to supply its vast Siberian plants, a move that diversifies the sanctions-hit country’s supply, helps reduce dependence on China and cuts costs. After invading Ukraine, the world’s second biggest …

Analysis-To cut reliance on China, Russia turns to India for aluminium feedstock Read More »

MUMBAI (Reuters) – The Reserve Bank of India is focusing on enabling interoperability of the United Payments Interface with the central bank’s digital currency or e-rupee, deputy governor Rabi Sankar told reporters on Thursday. The country was on track to achieve 1 million retail e-rupee transactions per day, Sankar added. (Reporting by Siddhi Nayak, Writing …

India cenbank deputy: focusing on enabling UPI, e-rupee interoperability Read More »