Reuters India Business

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Google has accused India’s antitrust body of ordering changes to its business model “only to protect” rival Amazon, which complained about its struggles to develop a modified version of the Android system due to Google’s restrictions, legal papers show. Google has approached India’s Supreme Court …

Google accuses India antitrust body of protecting Amazon in Android probe Read More »

BENGALURU (Reuters) – Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging “demand-supply mismatches” that likely caused some disruption. Sales of cars and vans – clubbed as passenger vehicles – rose 4.8% to more than 295,000 units – a record high for the month …

India’s June vehicle retail sales up, but supply challenges hurt: industry body Read More »

BENGALURU (Reuters) -India’s Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added. …

India’s Jio set to sign $1.7 billion deal with Nokia for 5G equipment – Economic Times Read More »

BENGALURU (Reuters) – Indian information technology (IT) company Tata Consultancy Services on Thursday said it plans to train 25,000 engineers to get them certified on Microsoft’s Azure Open AI. The company also launched its new Generative AI Enterprise adoption offering for clients, making a bet on the rapidly growing artificial intelligence space. (Reporting by Navamya …

India’s TCS to upskill 25,000 engineers on Microsoft’s Azure Open AI Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to decline more on Thursday after minutes of the U.S. Federal Reserve’s June meeting showed that almost all members expected more rate hikes this year. Non-deliverable forwards indicate rupee will open at around 82.30 to the U.S. dollar, compared with 82.2250 in the previous …

Rupee poised to extend losses on more Fed tightening worries Read More »

By Aftab Ahmed NEW DELHI (Reuters) – Already facing subdued demand from developed nations, India’s exports are likely to be hit by the European Union’s 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. In April, the EU approved the world’s …

India expects EU carbon tax to hit exports of steel, iron ore and cement Read More »

By Arpan Chaturvedi and Riddhima Talwani NEW DELHI (Reuters) -An Indian court on Wednesday allowed leasing companies to access aircraft leased to Go First for inspection and maintenance, though they were still unable to repossess them while the airline’s operations remain stalled. Lessors of Go First, which was granted bankruptcy protection on May 10, have …

Indian court allows Go First lessors to access aircraft for inspection Read More »