Reuters India Business

By Munsif Vengattil and Sumit Khanna GANDHINAGAR, India (Reuters) -India wants to emerge as a trusted partner for the semiconductor industry and is keen to be a chip supplier for the world, Prime Minister Narendra Modi said on Friday, as he steps up efforts to attract global investors to establish production in the country. “To …

Modi tells investors India wants to be “trusted partner” for chipmaking Read More »

By M. Sriram and Aditi Shah MUMBAI (Reuters) – India’s largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, …

India’s IPO-bound Ola Electric recorded $136 million loss in 2022/23 -sources Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s plummeting volatility, mainly due to the central bank’s stranglehold on the currency, is leading both importers and exporters to hedge less of their foreign exchange exposure. This, in turn, means companies run the risk of being caught off-guard when volatility picks up, exacerbating swings in the …

Analysis-Low rupee volatility lulls Indian firms into hedging less Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator, seeking to reduce risks for retail investors, will propose linking the amount of equity derivatives they may trade to their wealth, two people with direct knowledge of the matter said. With Indian share prices near record highs, drawing increased retail investor interest, the regulator is …

India regulator seeks curbs to limit retail investors’ derivatives risk -sources Read More »

By Kannaki Deka (Reuters) – Harley-Davidson said on Thursday that pre-orders were “exceeding expectations” for a new model the U.S. big-bike maker launched this month in India in partnership with a local manufacturer. Harley and British rival Triumph have unveiled their cheapest models globally in India, the largest motorbike market by sales, to tap into …

Harley-Davidson CEO says India model pre-orders ‘exceeding expectations’ Read More »

BENGALURU (Reuters) – India’s Adani Enterprises said on Thursday its new renewable energy-focused unit raised a working capital loan of $394 million from Barclays and Deutsche Bank AG for its integrated solar module manufacturing facility. Adani New Industries Limited (ANIL) is building an integrated green hydrogen businesses, including solar modules and wind turbine manufacturing. The …

Adani’s unit secures $394 million financing facility for solar module plant Read More »

By Aditya Kalra NEW DELHI (Reuters) – Walt Disney’s India streaming service plans to start enforcing a policy of allowing its premium users to login from only four devices, an effort aimed at limiting password sharing in a key market, two sources with direct knowledge said. Disney’s plan comes just as streaming rival Netflix in …

Disney’s Hotstar India streaming service plans to limit account sharing -sources Read More »