MUMBAI (Reuters) -The Indian rupee is likely to open marginally higher on Thursday, supported by an uptick in most Asian currencies on optimism over signing trade deals with the United States before the tariff deadline. The 1-month non-deliverable forward indicated an open between 85.60 and 85.64 versus 85.7025 in the previous session. U.S. President Donald Trump announced an agreement with Vietnam that cuts U.S. tariffs on many Vietnamese goods to 20% from his previously announced 46%. The d...Read More
DHARAMSHALA, INDIA: A few days before his 90 birth anniversary, the Dalai Lama has given his followers assurance that his spiritual ancestry will last beyond his death. In an authoritative video address from Dharamshala, India, where festivities marking his milestone birthday are in progress, the Tibetan spiritual leader professed that he will be "reawakened," putting an end to long-lasting conjecture that he might be the last in the venerable line of Dalai Lamas. According to a recent Reuters...Read More
WASHINGTON/NEW DELHI - US and India trade negotiators were pushing on July 2 to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over US dairy and agriculture remained unresolved, sources familiar with the talks said. The push comes as Mr Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent. Mr Trump said that US products could enter V...Read More
WASHINGTON/NEW DELHI (Reuters) -U.S. and India trade negotiators were pushing on Wednesday to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved, sources familiar with the talks said. The push comes as Trump announced an agreement with Vietnam that cuts U.S. tariffs on many Vietnamese goods to 20% from his previously threatened 46%. Trump said that U.S. products could enter Vietn...Read More
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (MET...Read More
NEW DELHI, July 2 (Reuters) - An Indian court has revived nine-year-old lawsuits filed by Crocs Inc (CROX.O), opens new tab which accused several Indian companies of launching footwear identical to its popular rubber clogs, allowing the U.S. firm to press ahead with its infringement challenges. The court's announcement late on Tuesday comes just as another international brand, Prada, is facing heat in India for showcasing sandals during a Milan fashion show which were similar to Indian ethnic f...Read More
BIRMINGHAM, England, July 2 (Reuters) - As India went into the second test against England on Wednesday without pace spearhead Jasprit Bumrah, former players and coaches questioned the thinking behind resting the world's best bowler when they trail 1-0 in the series. Bumrah took five wickets in the opening game at Headingley as England struggled to handle his pace and movement but the 31-year-old was rested with an eye on the third test at Lord's starting four days after the match at Edgbaston....Read More
July 2 (Reuters) - A shareholder in India's Nykaa (FSNE.NS), opens new tab, Hong Kong-based investor Harindarpal Singh Banga and his family, plan to sell stake worth 12.84 billion rupees ($149.93 million) in the beauty products retailer through a block deal, news portal NDTV Profit reported on Wednesday. The sale will likely be at a 4% discount to Nykaa's current market price, the report said, citing people aware of the development. Nykaa's shares closed 2.2% higher at 211.59 rupees. The compa...Read More
DHARAMSHALA, India (Reuters) -U.S. President Donald Trump's administration has decided to lift aid cuts for Tibetans in exile and provide $7 million in financing for projects such as those supporting health and education, the leader of the Tibetan government in-exile said on Wednesday. The Trump administration started cutting foreign aid after taking office in January as part of its "America First" policy, which has had an impact on programmes including those aimed at securing food supplies and...Read More
July 2 (Reuters) - Airport restaurants operator Travel Food Services has set a price band of 1,045 rupees-1,100 rupees for its initial public offering, a newspaper ad showed on Wednesday, following HDB Financial Services' blockbuster IPO. The price band values Travel Food Services, which plans to raise 20 billion rupees ($233.49 million) via a three-day share sale beginning July 7, at 144.8 billion rupees ($1.69 billion) at the upper end of the range. The issue will consist solely of the compa...Read More
DHARAMSHALA, India - The Dalai Lama said on Wednesday his Gaden Phodrang Trust would have the sole authority to recognise his future reincarnation, rejecting any role for China in choosing who succeeds him as the spiritual head of Tibetan Buddhists. WHAT IS THE GADEN PHODRANG TRUST? The non-profit was registered in 2011 in the northern Indian town of Dharamshala, where the Dalai Lama is based. Its members include the Dalai Lama, senior monk Samdhong Rinpoche and close aides who work in the Dal...Read More
[BENGALURU] Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell's cautious stance on rate cuts, although a weaker US dollar helped limit losses for greenback-priced bullion. Spot gold was down 0.2 per cent at US$3,330.68 per ounce, as at 0217 GMT, while US gold futures fell 0.3 per cent to US$3,340.60. The US dollar index weakened to its lowest point in more than three years, making bullion more affordable for holde...Read More
MUMBAI (Reuters) -The Indian rupee is expected to open lower on Wednesday, tracking declines in most other Asian currencies and equities amid renewed worries over U.S. President Donald Trump's tariffs. The 1-month non-deliverable forward indicated a open in the 85.62-85.64 range, versus 85.52 on Tuesday. The rupee has been largely range bound in recent sessions, holding between the key support zone at 85.90-86.00 and resistance near 85.30. "Both of these levels are difficult to break," a curre...Read More
Jammu (Jammu and Kashmir) [India], July 2 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha participated in a special aarti at the Jammu Tawi riverfront. Sinha also visited the Amarnath Yatri Niwas base camp on Tuesday evening. After inspecting the Yatri Niwas base camp, Sinha stated that the security arrangements for the Yatra are more robust than ever before. 'I have witnessed the last four Yatras. The arrangements are better than ever, as far as the security and convenience of pilgr...Read More
"Right now, India doesn't accept anybody in. I think India is going to do that, if they do that, we're going to have a deal for less, much less tariffs," he said. Earlier, Treasury Secretary Scott Bessent told Fox News that the U.S. and India are nearing a deal that would lower tariffs on American imports to the South Asian country and help India avoid levies from rising sharply next week. "We are very close with India," Bessent told Fox News in response to a question about progress on trade n...Read More
BENGALURU/SINGAPORE, July 2 (Reuters) - India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January-June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17% in June. Coal-fired generation, still India'...Read More
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 1. 'As Executive Director, Kesavan Ramachandran will look after Department of Regulation (Prudential Regulation Division),' said the central bank in the statement. Prior to being promoted as Executive Director, Kesavan Ramachandran was serving as Principal Chief General Manager in Risk Monitoring Department. Ramachandran has experience of over t...Read More
DHARAMSHALA, India - The Dalai Lama will meet 11 senior Buddhist monks on July 2 morning before delivering a written statement that will "most probably" talk about his eventual succession as the spiritual head of Tibetan Buddhists, an official said. Tibetan Buddhists believe that enlightened monks are reborn to continue their spiritual legacy. The 14th Dalai Lama will turn 90 on July 6 and has long been expected to use the occasion to share possible clues on where his successor, a boy or a girl...Read More
New Delhi: A 57-year-old retired telecom employee from Kishan Ganj, north Delhi, lost Rs 14 lakh in a "digital arrest" scam after cyber fraudsters, posing as Mumbai Police, threatened him with arrest over alleged bank fraud. Two suspects, Banshi Lal and Prem Kumar, both 20-year-old graduates from Barmer, Rajasthan, have been arrested.According to police, the case came to light when the victim filed a complaint via the National Cybercrime Reporting Portal (NCRP), stating he received a video call ...Read More
The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday, APA reports citing Reuters. "We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations. 'Congratulations world, it's time for peace' - Trump US issues fresh Iran-related sanctions, Treasury websi...Read More
IMAGE: India's skipper Shubman Gill hoped that the worst is behind the team on the fielding front and the players can sight the ball better going ahead. Photograph: Paul Childs/Reuters The rapidly evolving behaviour of Dukes, including the ball going soft 40 overs onwards, has created a major challenge for the Shubman Gill-led India in England. Gill has been getting inputs from the likes of K L Rahul, Rishabh Pant and Ravindra Jadeja, who have been to England multiple times, on how the Dukes h...Read More
The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday. "We are very close with India," Bessent told Fox News in response to a question about progress on trade negotiations. Indian officials extended a visit to Washington last week through Monday to try to reach agreement on a trade deal with President Donal...Read More
July 1 (Reuters) - India's antitrust body on Tuesday ordered an investigation into Asian Paints (ASPN.NS), opens new tab after Aditya Birla Group's paints venture alleged that the country's top paint maker abused its dominant market position, according to an order. The Competition Commission of India's (CCI) initial review showed Asian Paints had breached competition laws, the order showed. Birla has alleged that Asian Paints was abusing its dominant market position by offering discounts and i...Read More
NEW DELHI, July 1 (Reuters) - A lawyer for Elon Musk's X told an Indian court on Tuesday that every "Tom, Dick, and Harry" government official had been authorised to issue content takedown orders, drawing a sharp rebuke from New Delhi's counsel in the latest clash over content moderation. X has long been at loggerheads with Prime Minister Narendra Modi's government over content removal requests. The remarks were made during a hearing on the U.S. firm's challenge to a government-run website it ...Read More
KOCHI -- At least 34 people have been killed in a massive fire at a pharmaceuticals factory in the southern Indian state of Telangana, according to news agencies. The blast took place during work hours on Monday at a unit of Sigachi Industries, leaving several injured and in critical condition. "As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment," senior district police official Paritosh Pankaj told the Press Trust of India. Polic...Read More
MUMBAI, July 1 (Reuters) - The Indian rupee strengthened on Tuesday, alongside most Asian peers, as worries over U.S. President Donald Trump's fiscal policies and uncertainty around trade deals kept the dollar pinned at a more than three-year low against major peers. The rupee closed at 85.52 per U.S. dollar, up about 0.3% on the day. While the rupee strengthened on the day, it was unable to hold onto gains above the 85.50 mark, with traders pointing to bids from a large state-run bank and a f...Read More
NEW DELHI: India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition. The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt - a key component in batteries for electric vehicles and mobile phones - as well as for scouting copper, which is widely used in po...Read More
July 1 (Reuters) - Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this year. That amount would mark the strongest month since December and would follow a robust $2 billion raised in June, though most of that was raised by one company, HDB Financial Services. Education loan provider Credila Financial Services,...Read More
MUMBAI, July 1 (Reuters) - Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises (ADEL.NS), opens new tab will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon...Read More
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9...Read More