Reuters India Business

By Aftab Ahmed and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s annual wholesale prices fell for the third successive month in June, mainly due to lower fuel and power prices, government data showed on Friday. The wholesale price index (WPI) in June fell 4.12%, compared with a 3.60% decline estimated by economists in a Reuters …

India June wholesale prices fall for third straight month Read More »

NEW DELHI (Reuters) – India’s merchandise trade deficit in June stood at $20.13 billion, according to a Reuters calculation based on export and import data released by the government on Friday. Merchandise exports stood at $32.97 billion, while imports were $53.10 billion in June. In the previous month, merchandise exports were $34.98 billion, while imports …

India’s trade deficit at $20.13 billion in June Read More »

By Jayshree P Upadhyay (Reuters) – India’s disclosures norms related to environmental, social and governance (ESG) metrics are tougher than those mandated globally, said a senior executive at KPMG. India’s market regulator on Wednesday mandated that the top 150 listed companies by market capitalisation would have to give “reasonable assurance” on ESG metrics starting this …

India taking tougher road to ESG reporting – KPMG global audit head Read More »

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – India has told Netflix, Disney and other streaming services that their content should be independently reviewed for obscenity and violence before being shown online, according to a government document and sources. The proposal was delivered to the streaming platforms at a June 20 meeting at …

Exclusive-Worried about obscenity, India asks streamers for content checks Read More »

By Rama Venkat BENGALURU (Reuters) -Indian shares rose on Friday, and were set to notch a third straight week of gains, as IT stocks benefited from increasing hopes that the U.S. Federal Reserve would pause rate hikes. The blue-chip Nifty index was up 0.34% to 19,480 as of 12:11 p.m. IST, while the S&P BSE …

Indian shares climb on bets of Fed pause, set for third week of gains Read More »

NEW DELHI (Reuters) – India’s finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc, Revenue Secretary Sanjay Malhotra told Reuters on Thursday. Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a “significant investment” in the country, adding that such an …

India’s finance ministry not considering tax waivers for Tesla – senior official Read More »

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting …

IMF sees ‘pockets of resilience’, slowing momentum in global economy Read More »

NEW DELHI (Reuters) – Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk of violating the country’s foreign exchange laws, Vivek Johri, head of the indirect taxes’ department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in …

Indian online gaming firms relocating to avoid tax will be ‘risky’ – official Read More »