Reuters India

BENGALURU (Reuters) – Indian commercial port operator JSW Infrastructure received bids worth 606.13 billion rupees ($7.29 billion) in its initial public offering (IPO), exchange data showed on Wednesday. The JSW Group-owned company received bids for 5.09 billion shares at between 113 and 119 rupees, 37.37 times more than the 136.3 million shares offered, National Stock …

India’s JSW Infrastructure receives bids worth $7.3 billion in IPO Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed little changed on Wednesday, despite weakness in Asian peers, as the Reserve Bank of India likely sold dollars to prevent the rupee from falling to a fresh record low. The rupee closed at 83.22 against the U.S. dollar compared with a close of 83.23 in …

India rupee ends flat, ducks global pressures on likely cenbank help Read More »

By Munsif Vengattil BENGALURU (Reuters) -Pegatron has resumed production at its contract facility for Apple in southern India after a shutdown over the weekend due to a fire, the company said on Wednesday. An Indian government source told Reuters that manufacturing has been resumed in a phased manner, while a company spokesperson declined to confirm …

Pegatron says iPhone assembly resumes at Indian factory after fire Read More »

By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Indian income tax officials on Wednesday visited a factory of Chinese PC maker Lenovo in the union territory of Puducherry and one of its offices in Bengaluru city as part of an inquiry, two sources told Reuters. The officials inspected laptops of Lenovo employees during the visit, …

Indian tax officers visit factory, Bengaluru office of China’s Lenovo -sources Read More »

By Praveen Paramasivam CHENGALPATTU, India (Reuters) -A factory fire at iPhone assembler Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter told Reuters. The lapse at key Apple supplier Pegatron’s only factory in …

Pegatron India fire traced to workers’ failure to turn off switch -sources Read More »

LONDON/NEW DELHI (Reuters) – India’s diamond trade bodies have urged their own members to halt imports of rough diamonds for two months to manage supplies and aid prices amid slow demand, a letter seen by Reuters says. The letter from five organisations including India’s Gems and Jewellery Export Promotion Council (GJEPC) calls for rough diamond …

Indian trade bodies call for two-month halt to rough diamond imports Read More »

By Aditi Shah NEW DELHI (Reuters) – Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said. The world’s biggest car maker wants the plant to start with …

Exclusive-Toyota plans third India plant, new SUV as domestic sales surge – sources Read More »

By Jayshree P Upadhyay (Reuters) -India’s market regulator is examining a proposal from the country’s top exchange to extend trading hours for index derivatives, two sources with direct knowledge of the matter said on Wednesday, which could help investors better manage their risk. The National Stock Exchange (NSE) has proposed evening sessions between 6 p.m. …

India market regulator examining proposal for extended derivative trading hours – sources Read More »