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SRINAGAR, India, Dec 15 - India's anti-terrorism agency on Monday charged militant Islamist groups based in Pakistan and six individuals over an April attack on tourists in Indian Kashmir that killed 26 men, and triggered intense fighting between the two countries. The fighting, the worst between the nuclear-armed neighbours in decades, was sparked when militants opened fire on Hindu tourists in the Pahalgam region of Indian-administered Kashmir. New Delhi said the attack was backed by Pakistan ...Read More >
Vodafone Idea (Vi)'s financial health looks set for significant improvement, if local press is to be believed. According to an Economic Times report, the government is considering a four-to-five year, interest-free moratorium on the telco's adjusted gross revenue (AGR) liabilities, which today stands at a hefty 830 billion rupees (approximately $9.2 billion at current exchange rates), straining Vi's finances to their limit. Even more good news, the government is also reportedly mulling whether ...Read More >
India's Department of Telecommunications (DoT) has privately asked smartphone makers to pre-load all new devices in India with its cyber safety app Sanchar Saathi, reports Reuters. The publication claims that a November 28, 2025, order by the DoT gives smartphone brands 90 days to ensure all new mobile phones are pre-loaded with the Sanchar Saathi (pronounced: sun-chaar saa-thi) app, with the provision that users cannot disable it. The order, meant to tackle a surge in cybercrime and hacking, ...Read More >
MUMBAI, Dec 1 (Reuters) - India's current account deficit moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago. In the preceding quarter, the current account had recorded a deficit of $2.4 bi ...Read More >
MUMBAI, Dec 1 (Reuters) - India's current account deficit moderated in the July-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago. In the preceding quarter, the current account had recorded a deficit of $2.4 billi ...Read More >
MUMBAI, Nov 19 (Reuters) - The rupee closed nearly unchanged on Wednesday, easing off a two-week high as importer dollar demand ate into gains spurred by a pick up in exporter flows and a mildly bullish bias among interbank traders. The rupee ended the session at 88.5875 against the U.S. dollar, up marginally from its close of 88.6050 in the previous session. The currency climbed to a peak of 88.4250 in early trading, but shed much of its gains in the latter half of the session. A trader at a ...Read More >
Mumbai: India's markets regulator will tell a court this week that it sees no reason to release additional data and documents to Jane Street, two sources with direct knowledge of the matter said, after the U.S. firm appealed a securities trading ban. The Securities and Exchange Board of India (SEBI) temporarily barred Jane Street in July, alleging the firm used its trading strategies to "manipulate" a key benchmark index of banking stocks, leading to losses for retail investors.Jane Street deni ...Read More >
NEW DELHI - Indian agricultural exporters are among the winners from U.S. President Donald Trump's exemption of dozens of food items from his reciprocal tariffs regime, which some analysts say could help to revive lost demand. Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, as consumer concerns mount over rising U.S. grocery prices. Unlike EU and Vietnamese suppliers facing 15-20% duties, Indian exporters of tea, coffee, spices and cashew nuts wer ...Read More >
NEW DELHI -The Indian airports authority said late on Friday that a system used to generate flight plans was "up and running," more than a day after a technical glitch led to delays of hundreds of flights at Delhi airport, one of the world's busiest. The malfunction, which had delayed departures and arrivals, had sent shares of IndiGo 2% lower on Friday, while SpiceJet lost 1% after the airlines, along with Air India Group, warned of disruptions, which are expected to spill over into Saturday. ...Read More >
Air India is seeking over a billion dollars in financial aid from its owners, Singapore Airlines and Tata Sons. This comes after a tragic crash earlier this year. The airline needs funds to upgrade its systems and services. It also plans to develop its own engineering and maintenance capabilities. Air India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the ...Read More >
New Delhi: In a major leadership development, pharmaceutical giant Cipla has announced that its Global CEO and Managing Director, Umang Vohra, will step down at the end of his term in March 2026. Vohra, who has been at the helm for nearly a decade, played a key role in driving Cipla's global expansion and strengthening its position in the healthcare industry, according to a Reuters report. Cipla has announced that Achin Gupta, the company's current Global Chief Operating Officer (COO), will ste ...Read More >
[BENGALURU] Gold prices hovered n Tuesday (Oct 28) near their lowest in more than two weeks, as optimism over a possible US-China trade deal dented demand for the safe-haven metal, while investors looked forward to major central bank policy announcements this week. Spot gold was flat at US$3,981.67 per ounce, as at 8.24 am, after dropping more than 3 per cent in the previous session to its lowest level since Oct 10. US gold futures for December delivery lost 0.6 per cent to US$3,996.50 per oun ...Read More >
(Reuters) -Cybersecurity firm F5 forecast annual revenue below Wall Street estimates on Monday, warning that a recent systems breach that triggered alarm over potential risks to U.S. and UK government systems would hurt demand for its services. Shares of the company, which serves most of the Fortune 500 firms in some capacity, were down 5.8% in after-hours trading. F5 disclosed earlier this month that hackers had "long-term, persistent access" to certain company systems, including the source c ...Read More >
By Pranav Kashyap and Twesha Dikshit (Reuters) -U.S. stock index futures were trading at record highs on Monday as expectations of a trade deal between China and the United States aided risk appetite in a busy week of Big Tech earnings and a widely expected rate reduction from the Federal Reserve. At 06:22 a.m. ET, Dow E-minis rose 258 points, or 0.54%, Nasdaq 100 E-minis were up 332.5 points, or 1.3%, and S&P 500 E-minis gained 59.75 points, or 0.88%. Negotiators from the world's top two eco ...Read More >
(Reuters) -The Indian government has approved the first batch of seven projects worth over 55 billion rupees ($625.75 million) to boost domestic manufacturing of electronics components. The approval includes four projects by Kaynes Circuits India, covering multi-layer and high-density printed circuit boards (PCBs), camera modules and laminates, along with projects by SRF, Syrma Strategic Electronics, and Ascent Circuits, the electronics and IT ministry said on Monday. India has been stepping u ...Read More >
IMAGE: India's Shreyas Iyer reacts in pain after taking a catch to dismiss of Australia's Alex Carey as India's Kuldeep Yadav looks on during the 3rd ODI against Australia in Sydney on Saturday. Photograph: Hollie Adams/Reuters India batter Shreyas Iyer has been admitted to hospital following a injury during the third ODI against Australia in Sydney. On Monday, in a statement, BCCI revealed a laceration injury to the spleen. 'He is under treatment, medically stable, and recovering well. The B ...Read More >
NEW DELHI (Reuters) -Amazon on Monday said it has helped Indian sellers surpass $20 billion in total exports, including nearly $7 billion this year, as small operators work to offset the impact of new U.S. import tariffs that were imposed in August. The company said it remained confident in its long-term growth and set a new target of reaching $80 billion in exports by 2030, driven by rising global demand for cosmetics, toys, furniture and apparel. Thousands of Indian artisans and small busine ...Read More >
BEIJING/NEW DELHI: Indian billionaire Mukesh Ambani's Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforce its widening export control regime. A team from Reliance has travelled to China to speed up the work, one of the sources said. Reliance and China's Ministry of Commerce did not respond to a request for comment. The people decline ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
(The Center Square) - Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil. Reliance, India's largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with supp ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
US tariffs are hitting India's carpet makers hard. The industry fears collapse if tariffs continue. New Delhi is exploring solutions, but local exporters say it will take time. This impacts peak export seasons and winter orders. Gulzar Ahmad Bhat, a former carpet weaver in India's Jammu and Kashmir region, now sells tea on the shores of the scenic Dal Lake, abandoning his craft of 35 years after increased U.S. tariffs left him unable to afford his children's school fees and medicine for his fam ...Read More >
SRINAGAR, India - Mr Gulzar Ahmad Bhat, a former carpet weaver in India's Jammu and Kashmir region, now sells tea on the shores of the scenic Dal Lake, abandoning his craft of 35 years after increased US tariffs left him unable to afford his children's school fees and medicine for his family of six. Thousands of Indian artisans and weavers have been battered by US President Donald Trump's move in August to double tariffs to 50 per cent on Indian goods. Mr Bhat, 49, hired a weaver to finish h ...Read More >
[BENGALURU] Gold prices rose on Friday (Oct 24), supported by lingering geopolitical worries and US-China trade tensions, as investors awaited key US inflation data due later in the day for further cues on the interest rate path. Spot gold was up 0.3 per cent at US$4,138.52 per ounce, as at 9.20 am. However, bullion was on track for its worst week since May, down 2.7 per cent so far this week. US gold futures for December delivery rose 0.2 per cent to US$4,152.30 per ounce. US President Donal ...Read More >
Reuters: Indian refineries are ready to significantly reduce purchases of raw materials from Russia. Reliance Industries, India's largest private buyer of Russian oil, will be forced to reduce or stop imports in order to meet government requirements. The country may change its oil strategy in the face of global pressure, the agency said. After the conflict began in 2022, India became the largest buyer of discounted Russian oil, importing up to 1.7 million barrels per day. The decision to reduc ...Read More >
Oct 23 (Reuters) - Tata Technologies (TATE.NS), opens new tab will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to U.S. President Donald Trump's wide-ranging immigration crackdown. The United States plans to charge businesses a steep fee for H1-B visas, used by tech majors including Amazon.com (AMZN.O), opens new tab and Meta Platforms (META.O), opens new tab, in a move the Trump administration said would shield America ...Read More >
"It has become a prerequisite for each and every country to formulate a more thoughtful regulation that mitigates the challenges and harms of AI without hindering innovation." India is gearing up to introduce new legal obligations aimed at curbing the rising menace of deepfakes online. As reported by Reuters, the government on Wednesday proposed fresh regulations that would compel artificial intelligence (AI) developers and social media platforms to label any content generated by AI. The Minist ...Read More >
BENGALURU -- The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year. A month ago, economists had expected just one more cut this year. But the new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions. Caught between the dual risks of already-elevated inflation climbing higher due ...Read More >
NEW DELHI: India and the United States are nearing a long-stalled trade agreement that would reduce U.S. tariffs on Indian imports to 15%-16% from 50%, India's Mint reported on Wednesday citing three people aware of the matter. The deal, which hinges on energy and agriculture, may see India gradually scale back its imports of Russian crude oil, Mint reported. India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comment. U.S. Presid ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with ...Read More >
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