Stay updated with the latest reuters news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on reuters topics.
BENGALURU: Bill Ackman's Pershing Square on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to list in the United States in a deal aimed at reviving the world's biggest music label's value. Pershing Square's cash-and-shares offer values Universal Music at around 30.40 euros per share, representing a 78% premium to last close price at 17.10 euros and making the deal worth 55.75 billion euros (US$64.31 billion), according to Reuters calculation. Universal ...Read More >
MUMBAI, April 7 (Reuters) - Pricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded rupee futures and onshore forwards. However, bankers are wary of taking positions amid heightened regulatory risks, four market participants said. The recent spate of measures, including limits on net open FX positions of banks in the deliverable rupee market, has led to a reversal of chunky arbitrage banks, unleashing heavy doll ...Read More >
NEW DELHI, April 7 (Reuters) - India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. At the same time India, the world's third-largest oil importer, also faces the risk of rising inflation and slower gr ...Read More >
MUMBAI, April 7 (Reuters) - India is expected to receive below-normal monsoon rainfall in 2026, private weather forecaster Skymet said on Tuesday, as the El Nino weather pattern is set to reduce precipitation in the second half of the June-September rainy season. Monsoon rainfall is expected to be 94% of the long-period average of 868.6 mm for the four-month period, Skymet said. The state-run India Meteorological Department (IMD) is likely to issue its first forecast for the monsoon se ...Read More >
Campbell Wilson was appointed on a five-year contract. New Delhi: Air India Chief Executive Officer (CEO) Campbell Wilson has resigned, sources said on Tuesday. Campbell Wilson was appointed on a five-year contract. His tenure as Chief Executive Officer (CEO) of Air India is scheduled to conclude in July 2027. Campbell Wilson was appointed as Chief Executive Officer (CEO) and Managing Director (MD) of Air India in 2022. With over 30 years of rich experience in the aviation industry, he has w ...Read More >
New Delhi: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from t ...Read More >
MUMBAI, April 7 (Reuters) - India is expected to receive below-normal monsoon rainfall in 2026, private weather forecaster Skymet said on Tuesday, as the El Nino weather pattern is set to reduce precipitation in the second half of the June-September rainy season. Monsoon rainfall is expected to be 94% of the long-period average of 868.6 mm for the four-month period, Skymet said. The state-run India Meteorological Department (IMD) is likely to issue its first forecast for the monsoon seaso ...Read More >
NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from th ...Read More >
BENGALURU, April 7 (Reuters) - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his dea ...Read More >
* March job gains surpass expectations, unemployment rate dips * ISM non-manufacturing PMI decelerates, prices paid hit 3-1/2-year high * Soleno Therapeutics surges on Neurocrine's $2.9 bln buyout deal (Updates to market close) By Stephen Culp and Purvi Agarwal April 6 (Reuters) - U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reope ...Read More >
NEW DELHI - Air India chief executive officer Campbell Wilson has resigned, Indian newspaper Mint reported, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash in 2025 that killed 260 people. The report of the leadership change comes as the airline contends with delivery delays and persistent losses. Regulators have also reprimanded the airline for safety lapses, including flying an aircraft eight times without an airworthiness certificate and run ...Read More >
NEW DELHI: Air India CEO Campbell Wilson has resigned, Mint reported, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The report of the leadership change comes as the airline contends with delivery delays and persistent losses. Regulators have also reprimanded the airline for safety lapses, including flying an aircraft eight times without an airworthiness certificate and running planes without checking emergenc ...Read More >
April 6 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it has closed its investigation into Tesla's (TSLA.O), opens new tab so-called "actually smart summon" feature that allows users to remotely move vehicles over short distances in parking areas using a smartphone app while maintaining continuous supervision. The agency concluded that the feature, deployed in about 2.59 million vehicles, was linked primarily to low-speed incidents resulting in minor prope ...Read More >
April 6 (Reuters) - India's central bank on Monday kept foreign debt investment limits unchanged for 2026-27, as foreign investors continue to hold lesser amounts of government bonds than permitted. The central bank, which revises these limits annually, said overall investment ceilings will increase in absolute terms as the pool of government debt increases. Here are the details: ** Foreign portfolio investment limits for 2026-27 were kept unchanged at 6% for government securities, 2% for st ...Read More >
Bengaluru -- The International Atomic Energy Agency on Monday said it could confirm recent military strikes near Iran's Bushehr nuclear power plant, but that the facility itself was not damaged. The UN atomic watchdog said that the confirmation was based on its independent analysis of new satellite imagery and detailed knowledge of the site, adding that one strike had hit only 75m from the site perimeter. Last week the agency had said it had been informed by Iran about a projectile striking cl ...Read More >
MUMBAI, April 6 (Reuters) - India, the world's largest urea importer, is looking to purchase 2.5 million metric tons of the key crop nutrient to shore up domestic supplies, which have tightened due to the U.S.-Israeli war with Iran. State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 million tons via the country's west coast. The remaining 1 million tons will arrive through the east coast, according to the document posted on the company's website. Shipments are expected ...Read More >
April 6 (Reuters) - Indian refiners have postponed maintenance shutdowns of their units to meet local fuel demand, a government official said on Monday. Indian Oil Corporation (IOC.NS), opens new tab and Bharat Petroleum Corporation (BPCL.NS), opens new tab were among the companies that had planned to shut units at some of their refineries for routine maintenance, Sujata Sharma, joint secretary in the federal oil ministry said. However, Nayara Energy will shut its 400,000 barrels per day Vadi ...Read More >
MUMBAI, April 6 (Reuters) - Indian companies' activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India's imposition of restrictions on lenders' net onshore open FX positions, prompting a rush to lower positions aimed at benefitting from gaps between onshore and non ...Read More >
NEW DELHI, April 6 (Reuters) - India's top court on Monday rejected billionaire Anil Agarwal-led Vedanta's plea to pause the acquisition by Adani group of a bankrupt real estate giant, which includes a $4 billion pool of prized assets including India's only Formula One track. Agarwal's Vedanta is fighting in courts against the decision of a lenders' panel to give the assets of bankrupt Jaiprakash Associates to fellow tycoon Gautam Adani's group, setting up a battle between billionaires for ass ...Read More >
[MUMBAI] The Reserve Bank of India's (RBI) tightening of foreign exchange (FX) rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5 per cent fall in the Indian rupee since the breakout of the Iran war has prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering no ...Read More >
BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. Here are the key details: * The final HSBC India Services Purchasing Managers' Index (PMI) (INPMIS=ECI), opens new tab, compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
Mumbai, Apr 6 (PTI) The Congress on Monday hit out at the Shiv Sena (UBT) over the latter's accusation that the grand old party was using regional outfits as "crutches", and not treating them as "equal stakeholders" in the Opposition alliance. Maharashtra Congress spokesperson Sachin Sawant criticised the editorial in the Sena (UBT) mouthpiece 'Saamana', alleging that the newspaper's executive editor, MP Sanjay Raut, appears confused on several occasions between his roles as a politician and jo ...Read More >
MUMBAI, April 6 (Reuters) - The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering non-de ...Read More >
April 6 (Reuters) - Shares of Wipro (WIPR.NS), opens new tab rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group (OLAG.SI), opens new tab for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index (.NIFTYIT), opens new tab, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50 (.NSEI), opens new tab, which ...Read More >
BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. Here are the key details: * The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a preliminary estimate of 5 ...Read More >
NEW DELHI - India's car dealers on April 6 warned of possible supply or dispatch disruptions in the near term as the Middle East conflict drove up raw material costs, even as the fiscal year's total sales hit a record high. The broader operating environment is clouded by the conflict, the Federation of Automobile Dealers Associations (FADA) said in a statement. The war has pushed up oil and gas prices, raising fuel and logistics costs across the auto supply chain, while also driving up prices ...Read More >
BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. Here are the key details: * The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.5 in March from February's 58.1, but was higher than a preliminary estimate of 57. ...Read More >
April 6 (Reuters) - Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50, which was down 0.2%. Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will se ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.