By Neha Arora NEW DELHI (Reuters) -India’s steel mills secured only about half of their metallurgical coke needs from domestic suppliers in the first half of 2025, highlighting shortages and amplifying their calls for an easing of import curbs on the key steelmaking material. Between January and June, India produced 1.5 million metric tons of …
Met coke shortages hit India’s steel mills in first half of 2025 Read More »
(Reuters) -India’s Tata Communications reported a second consecutive fall in its quarterly profit on Wednesday, as higher expenses countered healthy growth in its data services business. Its shares, which had risen as much as 11% before the results, were trading 3.8% higher. The firm, which offers data connections and cybersecurity to enterprises, said its consolidated …
India’s Tata Communications posts quarterly profit fall as costs rise Read More »
By Aditya Kalra, Nikunj Ohri and Aditi Shah NEW DELHI (Reuters) -Apple is lobbying India’s government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say. The push …
By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) -The Reserve Bank of India’s liquidity infusion via a phased cash reserve ratio cut had less impact than expected as dollar sales and maturing FX forwards drained funds, poising short-term rates for a rise, four analysts said. In June, the central bank announced a phased 100-basis-points CRR …
India RBI’s liquidity boost falters amid FX market intervention, analysts say Read More »
(Reuters) -Gold prices pierced the $4,200 mark for the first time to set a fresh record high on Wednesday, as renewed U.S.-China trade tensions exacerbated existing global uncertainties, alongside increased bets on further U.S. Federal Reserve rate cuts. Spot gold was up 1.4% at $4,199.99 per ounce by 0659 GMT, after hitting an all-time high …
Gold tops $4,200 for first time on US-China trade tensions, Fed cut bets Read More »
By Anmol Choubey (Reuters) -India’s palm oil imports in September dropped to their lowest since May as refiners shifted to cheaper soyoil, shipments of which hit a more than three-year high, the Solvent Extractors’ Association of India said on Wednesday. Lower palm oil imports by India, the world’s largest buyer of vegetable oils, are expected …
India’s palm oil imports hit four-month low as refiners favour cheaper soyoil Read More »
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) -India has reversed a contentious policy of tax-free imports of missile parts that sits at the heart of an investigation faced by billionaire Gautam Adani’s group, according to a notification that is being reported for the first time. In September, the government said it would free …
India scraps tax exemption on imports of missile parts amid Adani probe Read More »
(Reuters) -India’s second-largest telecom operator Bharti Airtel has partnered with IBM to offer the American tech firm’s services through its recently launched cloud platform, the companies said on Wednesday as demand for computing capacity grows. Indian firms have been working to expand the availability of cloud platforms as the growing prominence of artificial intelligence technology …
India’s Bharti Airtel partners with IBM to expand cloud services Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -The Reserve Bank of India intervened heavily in the currency market on Wednesday to shore up the rupee, traders said, adding the move was straight from the central bank’s script defending the local currency back in February. The RBI stepped in forcefully to stem pressure on the …
India central bank’s heavy hand returns to support rupee in replay of February defence Read More »
MUMBAI (Reuters) -Cryptocurrency exchange Coinbase Global said on Wednesday it had made an investment in CoinDCX, which the Indian crypto exchange said values it at a post-money valuation of $2.45 billion. Coinbase Global’s investment follows multiple rounds of investment in the Indian exchange by the firm’s venture capital arm, Coinbase Ventures. In April 2022, Coinbase …
Coinbase invests in Indian crypto exchange CoinDCX at $2.45 billion valuation Read More »
