Reuters India Business

By Sherin Elizabeth Varghese and Pablo Sinha (Reuters) -Gold notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut this month by the U.S. Federal Reserve and an investor flight to safety after a flare-up in trade tensions between Washington and Beijing. Spot gold rose 0.9% to …

Safe-haven gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters Read More »

By Manoj Kumar NEW DELHI (Reuters) -India will resume all postal services to the United States from Wednesday after putting in place systems to collect duties upfront, the Department of Posts said, ending a nearly two-month suspension triggered by new U.S. import regulations. Postal shipments to the United States were halted in August after the …

India to resume postal services to US after nearly two-month suspension Read More »

By Sethuraman N R (Reuters) -Indian money manager EAAA Alternatives is eyeing investing around 400 bln rupees in India’s clean energy sector over the next four to five years, targetting around 8 gigawatts of projects through its funds, a top executive said on Tuesday. EAAA Alternatives on Tuesday got a $60 million commitment from the …

India’s EAAA Alternatives to invest up to 400 billion rupees in clean energy over next five years Read More »

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Indian software services exporter Tech Mahindra expects a rise in revenue in the second half of the fiscal year, after growth in its banking and manufacturing verticals helped it beat estimates in the September quarter. India’s $283-billion IT sector has been dealing with cautious client spending …

India’s Tech Mahindra optimistic about H2 after upbeat second quarter Read More »

By Dhwani Pandya and Arpan Chaturvedi MUMBAI (Reuters) -Indian billionaire Gautam Adani’s property arm is seeking court approval to acquire 87 properties including hotels and malls from a distressed real estate group, a move that could bolster the conglomerate’s relatively small business. The domestic Sahara Group is seeking to sell hotels, shopping centres, and residential …

India’s Adani eyes dozens of assets of embattled realtor Sahara to build land bank Read More »

NEW DELHI (Reuters) -An Indian-backed oil refinery in Mongolia is expected to begin operations in 2028, India’s foreign ministry said on Tuesday, adding that the Mongolian authorities also want Indian firms to explore for oil and gas in the country. The announcement was made during Mongolian President Khurelsukh Ukhnaa’s visit to India. Mongolia’s first oil …

Indian-backed oil refinery in Mongolia should begin operations in 2028, India says Read More »

(Reuters) -Indian software services provider Infosys said on Tuesday it has received a contract worth 1.2 billion pounds ($1.59 billion) from UK’s National Health Services Business Services Authority to replace its existing payroll platform. The 15-year deal marks a major win for India’s second-largest IT firm at a time when the $283-billion sector is grappling …

India’s Infosys wins $1.6 billion deal from UK’s National Health Service Read More »

By Vivek Kumar M and Kashish Tandon (Reuters) -LG Electronics India soared 53.4% in its trading debut on Tuesday, overtaking its South Korean parent’s market value, as investors bet big on its manufacturing and retail ambitions in the country, fuelled by a surge in consumer demand. Policy support, including India’s recent tax cuts on consumer …

LG Electronics India eclipses South Korean parent in blockbuster $13 billion trading debut Read More »