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1 day ago | 
gurutrade.com | Jaspreet Kalra |Mrigank Dhaniwala
MUMBAI, May 13 (Reuters) - The Indian rupee closed nearly flat on Tuesday as a fall in local equities and dollar bids from state-run banks ate into the currency's early gains spurred by the cessation of military hostilities between India and Pakistan.
The rupee touched a peak of 84.6350 in early trading before ending at 85.33 against the U.S. dollar, nearly unchanged from its close at 85.37 on Friday.
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3 days ago | 
gurutrade.com | Kashish Tandon |Nivedita Bhattacharjee |Mrigank Dhaniwala
May 12 (Reuters) - Indian pharma stocks fell 1.6% on Monday, bucking broader market gains, after U.S. President Trump said he would cut drug prices by 30%–80% to match other wealthy nations.
Trump said he would sign an executive order on Monday to pursue "most favored nation" pricing.
The U.S. currently pays nearly three times more for many prescription drugs, though Trump offered no implementation details.
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1 week ago | 
today.westlaw.com | Abinaya Vijayaraghavan |Miyoung Kim |Nivedita Bhattacharjee |Mrigank Dhaniwala
(Reuters) -The U.S. Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found the company illegally dominated two online ad-tech...
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1 week ago | 
gurutrade.com | Sneha Kumar |Nivedita Bhattacharjee |Mrigank Dhaniwala
May 5 (Reuters) - Shares of Australia's Qantas Airways rose over 5% on Monday to a one-month high, tracking a drop in oil prices after OPEC+ signaled faster output hikes.
Oil prices fell over $2 a barrel after OPEC+ agreed to boost output for a second straight month, despite sliding prices and weakening demand expectations.
Jet fuel is a key cost for airlines, and falling prices raise hopes for improved profitability.
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1 week ago | 
today.westlaw.com | Nivedita Bhattacharjee |Pushkala Aripaka |Mrigank Dhaniwala
(Reuters) -AstraZeneca said on Friday its triple-combination inhaler Breztri Aerosphere met all main goals in two late-stage trials for uncontrolled asthma, showing clinically meaningful improvement in lung function.
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3 weeks ago | 
gurutrade.com | Neha Arora |Manvi Pant |Eileen Soreng |Mrigank Dhaniwala
MUMBAI, April 24 (Reuters) - India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source directly aware of the situation told Reuters on Thursday.
On Monday, India, the world's second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional safeguard duty, on some steel imports for 200 days.
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3 weeks ago | 
today.westlaw.com | Shivani Tanna |Mrigank Dhaniwala
Profit rose 0.3% to 8.14 billion rupees ($95.5 million) for the quarter ended March 31 from 8.10...
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3 weeks ago | 
gurutrade.com | Shivangi Acharya |Sonia Cheema |Mrigank Dhaniwala
NEW DELHI, April 21 (Reuters) - India's infrastructure output grew 3.8% year-on-year in March on strong steel and cement production, government data showed on Monday.
Infrastructure output, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew at a revised 3.4% in February, compared to the initial estimate of 2.9%.
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3 weeks ago | 
insideretail.us | Scott Murdoch |Kim Coghill |Mrigank Dhaniwala |Tong Van
Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its New York initial public offering, according to two sources with direct knowledge of the matter. The sources could not be identified discussing confidential information. Chagee did not immediately respond to a request for comment. Chagee launched the deal last week as financial markets grappled with the prospect of a global trade war resulting from US President Donald Trump’s tariffs package.
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4 weeks ago | 
today.westlaw.com | Shivani Tanna |Mrigank Dhaniwala
(Reuters) - India's HDFC Life Insurance reported a 16% year-on-year rise in fourth-quarter profit on Thursday, on high demand for its group insurance offerings. The insurer said that its profit rose to 4.77 billion rupees ($56 million) for the three...
