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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 >
April 6 (Reuters) - Indian fast-fashion retailer Trent (TREN.NS), opens new tab said on Monday its standalone revenue rose 20% in the fourth quarter, picking up from the slowest growth in four years recorded earlier in fiscal 2026, sending its shares more than 5% higher in morning trade. India's late-September tax cuts have boosted consumer spending, putting more disposable income in the hands of consumers. Trent has been on a store-opening spree over the last few quarters, with its store cou ...Read More >
April 6 (Reuters) - India's auto dealers warned of possible supply disruptions in the near term, from the West Asia conflict, even as Indian retail vehicle sales rose 25.28% in March, closing the financial year on a strong note on sustained momentum from tax cuts that improved affordability, the Federation of Automobile Dealers Associations (FADA) said on Monday. Passenger vehicle sales rose 21.48% year-over-year in March, while two-wheeler sales rose 28.68% and commercial vehicle sales ro ...Read More >
An Indian liquefied petroleum gas (LPG) carrier, Shivalik, arrives at Mundra Port via the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Gujarat, India, March 16, 2026. The Strait of Hormuz will never return to its pre-war state, the Iranian navy command announced on Twitter/X on Monday morning. The IRGC Navy is currently in the process of completing operational preparations for a "new order in the Persian Gulf," the post read, emphasizing that the strait would be permanently ch ...Read More >
April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019, following U.S. pressure not to buy Iranian crude, but supply disruptions from the U.S.-Israel war have hit the South Asian nation hard. "Amid Middle East supply disruptions, Indian refiners have secu ...Read More >
April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019, following U.S. pressure not to buy Iranian crude, but supply disruptions from the U.S.-Israel war have hit the South Asian nation hard. "Amid Middle East supply disruptions, Indian refiners have sec ...Read More >
April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019, following U.S. pressure not to buy Iranian crude, but supply disruptions from the U.S.-Israel war have hit the South Asian nation hard. "Amid Middle East supply disruptions, Indian refiners hav ...Read More >
NEW DELHI, April 4 (Reuters) - Punjab Kings captain Shreyas Iyer said an internal competitive edge has driven his side's early-season success rather than any desire to impress those outside the dressing room, after scoring a second successive Indian Premier League (IPL) win on Friday. The team stormed to the top of the IPL standings by chasing down 210 with eight balls to spare against Chennai Super Kings, completing another statement victory to open their campaign with back-to-back wins. Thei ...Read More >
NEW DELHI, April 4 (Reuters) - Punjab Kings captain Shreyas Iyer said an internal competitive edge has driven his side's early-season success rather than any desire to impress those outside the dressing room, after scoring a second successive Indian Premier League (IPL) win on Friday. The team stormed to the top of the IPL standings by chasing down 210 with eight balls to spare against Chennai Super Kings, completing another statement victory to open their campaign with back-to-back wins. Thei ...Read More >
HYDERABAD, - Indian police this week seized 414 cooking-gas canisters hidden in a graveyard in Hyderabad city and arrested those involved in trying to sell them on the black market amid shortages due to the Iran war, a government official said on Thursday. Authorities have stepped up raids to curb hoarding of liquefied petroleum gas canisters after the U.S.-Israeli war against Iran disrupted shipping, causing supply shortages. India, the world's No. 2 LPG importer, meets about 60% of its demand ...Read More >
March 31 (Reuters) - Novo Nordisk has again cut the prices of its blockbuster diabetes and weight-loss drugs Ozempic and Wegovy by up to 36% and 48% in India, to fend off competition from cheaper generics made by local drugmakers. India's market for diabetes and weight-loss drugs is set for a shake-up after the Danish drugmaker's patent on semaglutide, the active component in Ozempic and Wegovy, expired on March 20. At least half a dozen Indian drugmakers, including Dr Reddy's, Zydus an ...Read More >
ALSO READ | India will participate in key international talks on the Strait of Hormuz, with Foreign Secretary set to attend a meeting convened by the United Kingdom later today. Confirming the development, MEA spokesperson Randhir Jaiswal said multiple countries, including India, have been invited amid rising concerns over maritime security in the region. "The UK side has invited several countries, which also include India, for talks on the Strait of Hormuz. From our side, the Foreign Secretary ...Read More >
India sugar output lags demand for second straight yearLower cane yields force mills to close earlier than usualSugar stocks expected to drop, supporting local prices India's sugar production is set to fall below consumption for a second straight year, as lower cane yields force mills to close faster than usual, trade officials told Reuters on Thursday. Lower output, coupled with rising exports, is likely to reduce domestic stockpiles and support local prices, which had been under pressure due ...Read More >
April 3 (Reuters) - India's defence exports for the fiscal year to March reached 384.24 billion rupees ($4.11 billion), a jump of more than 62% from the previous period, the government said in a statement on Thursday. India exported 236.22 billion rupees ($2.52 billion) worth of defence exports from April 2024 to March 2025, the statement said, adding that defence exports for the 2025-2026 fiscal year rose by 148.02 billion rupees. The sharp rise signals increasing global acceptance of Indian ...Read More >
NEW DELHI - The appointment of aviation heavyweight Willie Walsh as CEO of IndiGo is likely to bolster the Indian airline's global expansion but the former British Airways (BA) chief first has to repair its dented reputation. India's largest airline commanding about 65% of domestic flights stunned the industry with Walsh's appointment on Tuesday. That followed months of negative press and regulatory pressure after it cancelled thousands of flights in December due to inadequate planning for pil ...Read More >
The United Kingdom (UK) has invited India and other countries for urgent multilateral talks on reopening the war-torn Strait of Hormuz today, the Ministry of External Affairs (MEA) announced Thursday. Foreign Secretary Vikram Misri will represent New Delhi, per spokesperson Randhir Jaiswal. "The UK side has invited several countries, which also include India, for talks on the Strait of Hormuz. From our side, the Foreign Secretary is attending the meeting this evening...," said MEA spokesperson ...Read More >
New Delhi, April 2 (UNI) India's manufacturing sector slowed in March as the growth in activity moderated due to rising costs, competitive pressures, and global uncertainty, according to the HSBC India Manufacturing PMI report. The Purchasing Managers' Index (PMI) fell to 53.9 in March from 56.9 in February, signalling a softer expansion. The slowdown is attributed to a combination of domestic and international challenges that dampened the momentum seen earlier. PMI index fell below its long- ...Read More >
New Delhi: India is preparing to reduce import duties and, if needed, regulate exports to ensure enough supply of essential goods within the country, as global trade faces disruption due to the ongoing Iran war, according to a Reuters report. Supply Chains Under Pressure The conflict in West Asia has disturbed global supply chains, affecting the movement of key goods such as energy, fertilisers, food items and industrial inputs. Rising tensions have increased freight costs and caused delays, m ...Read More >
April 2 (Reuters) - Indian consumer firm Marico (MRCO.NS), opens new tab on Thursday said it expects to clock double-digit year-on-year percentage growth in operating profit in the fourth-quarter, aided by stable consumer demand. The maker of Saffola oils and Parachute haircare products said it has witnessed a gradual uptick in consumption across categories after several quarters of tepid demand from customers in urban areas, following reductions in goods and services tax in September. Marico ...Read More >
MUMBAI, April 2 (Reuters) - India's sugar production is set to fall below consumption for a second straight year, as lower cane yields force mills to close faster than usual, trade officials told Reuters on Thursday. Lower output, coupled with rising exports, is likely to reduce domestic stockpiles and support local prices, which had been under pressure due to surplus supplies. "Sugar production is unlikely to exceed 28 million metric tons this season," said the India head of a global trade ho ...Read More >
In a significant move for the global space economy, European satellite giant Eutelsat is in talks with the Indian Space Research Organisation (Isro) to expand its launch options. As reported in Reuters, the France-based company is looking to diversify its partners beyond SpaceX and Europe's Ariane rockets to challenge Elon Musk's Starlink. This potential partnership highlights India's growing influence as a reliable and cost-effective hub for high-tech space missions. The discussions come at ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee extended gains against the U.S. dollar and rose above the 93 handle for the first time in nearly two weeks, as the central bank imposed curbs on speculative activity. The rupee climbed almost 2% to 92.94 per U.S. dollar after the latest central bank measures to curb a near one-way move witnessed in the currency over the last few days. Reporting by Dharamraj Dhutia; Editing by Sonia Cheema Our Standards: The Thomson Reuters Trust Principles., o ...Read More >
BENGALURU, April 2 (Reuters) - India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented demand, while higher oil prices drove up input costs, a private survey showed. Here are the key details: * The HSBC India Manufacturing Purchasing Managers' Index(PMI), compiled by S&P Global, fell to 53.9 in March from 56.9in February, broadly in line with a preliminary estimate of53.8. * New orde ...Read More >
NEW DELHI - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption on 40 products is valid till June 30, according to a government statement on April 2. "The government's decision to grant customs duty exemption on select petrochemical products appears aimed at easing cost pressures ...Read More >
NEW DELHI, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. ...Read More >
NEW DELHI, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. ...Read More >
MUMBAI, April 2 (Reuters) - Indian banks are set to face heightened uncertainty on Thursday after the central bank's curbs on corporate activity made it costlier for lenders to cut arbitrage positions, potentially saddling them with larger losses. Late on Wednesday, the Reserve Bank of India barred banks from offering rupee non-deliverable forwards to resident and non-resident clients. The move was aimed primarily at halting a surge in corporate-driven arbitrage activity seen on Monday, four b ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
Mumbai: Bank economists have told the Reserve Bank of India (RBI) at a pre-policy meeting that there is no immediate need to either raise the repo rate or change the stance, provided inflation remains within the central bank's tolerance band, multiple participants in the discussions told ET. They also added that RBI has alternative tools to manage currency pressures and is unlikely to resort to a rate hike, unless the impact becomes visible in inflation, one economist said. Discussions at the ...Read More >
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