India
By Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the…
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon (NASDAQ:) executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action…
By Marianna Parraga and Mircely Guanipa HOUSTON/MARACAY (Reuters) – Venezuela’s oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA. The increase…
By Nandan Mandayam and Dhwani Pandya BENGALURU/MUMBAI (Reuters) -Hyundai Motor India shares fell as much as 7.6% in their market debut on Tuesday after a tepid response from retail investors to the country’s largest initial public offering on concerns the price was set too high and an auto industry slowdown.…
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – Millions of Indian retail traders are exploring alternative ways to earn profits ahead of stricter regulations on trading equity derivatives next month, but their transition is unlikely to be smooth, investors and brokers say. Derivatives trading in India has boomed in…
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India’s government on Tuesday said it will allot spectrum for satellite broadband administratively and not via auction, hours after Elon Musk criticized the auction route being sought by rival billionaire Mukesh Ambani as “unprecedented”. In what is seen as a battle…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Indian billionaire Mukesh Ambani’s Reliance has privately argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated by New Delhi and not auctioned, intensifying a face-off with Elon Musk’s Starlink. How spectrum for satellite services…
Nithin Hassan moved from California to Bengaluru in 2023 to launch his startup.Hassan left a high-paying job at Meta to address urban greenery issues in India.He enjoys building solutions that are close to home for him. This as-told-to essay is based on a conversation with Nithin Hassan, who moved from…
By Swati Bhat MUMBAI (Reuters) – JPMorgan, the largest bank in the U.S., is bullish on India and Japan within Asia but is also keen to allocate resources towards Southeast Asia, which is benefiting from the “China Plus One” strategy, a top official at the bank said. “India is still…
By Munsif Vengattil and Praveen Paramasivam CHENNAI (Reuters) – A labour strike in India that has disrupted production at a Samsung (KS:) plant has put the spotlight on a politically-backed worker group which quietly mobilized employees of the South Korean company and now plans to extend its efforts in the…
