Reuters India Business

NEW DELHI (Reuters) – India has ruled out any immediate impact from a World Trade Organization (WTO) panel ruling that the Asian country violated global trading rules by imposing tariffs on some IT products, the country’s government said in a statement on Tuesday. “As per the available Dispute Settlement procedures, India is taking the necessary …

India rules out immediate hit of WTO panel ruling on IT tariffs, exploring “options” Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee eased slightly against the greenback on Tuesday, tracking the weakness in its Asian peers, with likely importer-led dollar demand also weighing on the local currency. The rupee traded at 81.9475 to the U.S. dollar by 10:30 a.m. IST compared with 81.9050 in the previous session. The …

Rupee rangebound near resistance levels as Asian FX dip Read More »

By Nimesh Vora MUMBAI (Reuters) – Indian residents will likely need to provide proof of exposure to foreign exchange risks to take advantage of the Reserve Bank of India’s opening up of the non-deliverable forward market, bankers said. The Reserve Bank of India, while announcing its last policy decision, said it will permit banks with …

RBI’s wider NDF access may require foreign exposure proof – bankers Read More »

NEW DELHI (Reuters) – There are risks to India achieving its real growth forecast of 6.5% for the financial year that started April 1, partly due to a rise in oil prices and troubles in the global financial markets, the government said on Tuesday. Earlier this month, the International Monetary Fund (IMF) predicted the Indian …

India says risks weigh on FY24 growth forecast, but macros stable Read More »

CHENNAI (Reuters) – India’s southern Tamil Nadu state has put on hold a bill that would allow a 12-hour workday at factories after talks with labour unions who oppose the plan, a statement from the government said on Monday. Several labour unions including the All India Trade Union Congress and Centre of Indian Trade Unions …

India’s Tamil Nadu puts bill extending factory working hours on hold Read More »

By Sam Tobin LONDON (Reuters) – India’s billionaire Hinduja family’s apparent truce over the future of its global business empire is at risk, a lawyer representing patriarch Srichand Hinduja told a London court on Monday. The lawyer said there were lawsuits and “threatened lawsuits” between members of the family, raising the prospect the Hinduja family, …

India’s billionaire Hinduja family’s truce uncertain, London court hears Read More »