Reuters India - Squid Business

Cricket-West Indies call up uncapped Athanaze, McKenzie for first test v India

(Reuters) – West Indies have included uncapped left-handed batsmen Kirk McKenzie and Alick Athanaze in their squad for the first match of their two-test series against India later this month. Rahkeem Cornwall, who played his last test in November 2021, and left-arm spinner Jomel Warrican, who missed the tour of South Africa in February, are …

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Senior US diplomat heads to India to discuss free speech, minority rights

By Kanishka Singh WASHINGTON (Reuters) – A senior U.S. diplomat will travel to India in the coming days and engage with its civil society over free speech and marginalization of minorities, after Indian Prime Minister Narendra Modi’s recent U.S. visit when he denied that abuse of religious minorities existed in his country. Uzra Zeya, U.S. …

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AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm – sources

By Yuvraj Malik (Reuters) – Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability …

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Gold rises as dollar, yields slip after US jobs data

By Arpan Varghese (Reuters) – Gold prices rose on Friday and were on track for their first weekly gain in four as the dollar and bond yields fell after weaker U.S. nonfarm payrolls numbers cast doubts over the trajectory of interest rate hikes beyond July yet again. Spot gold was up 0.8% at $1,926.54 per …

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India’s fuel demand slips in June on monsoon lull

By Brijesh Patel (Reuters) – India’s fuel demand eased 3.7% in June month-on-month, government data showed on Friday, as monsoon rains restricted mobility in the world’s third-biggest oil consumer. Consumption of fuel, a proxy for oil demand, totalled 19.31 million tonnes in June, down from 20.06 million tonnes in May, data from the Petroleum Planning …

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Jaguar Land Rover expects Q1 free cash flow of over $500 million

(Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker, which is owned by India’s Tata Motors, said wholesale volumes, excluding those …

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US unit of India’s Cipla recalls six batches of bronchospasm inhaler

BENGALURU (Reuters) -Indian drugmaker Cipla said on Friday its U.S. unit was recalling six batches of albuterol sulfate inhalation aerosol due to a “container defect”. “The company is initiating a recall in the U.S. due to a market complaint for one single inhaler, where leakage was observed through the inhaler valve,” the pharmaceutical company said …

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India’s federal police arrest three railway staff over deadly train crash

By Shilpa Jamkhandikar and Jatindra Dash MUMBAI (Reuters) -India’s federal police have arrested three railway employees on Friday in connection with the country’s deadliest train crash in two decades that killed 292 people last month, the crime agency said in a statement. The arrests were made under Indian penal code sections related to culpable homicide …

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India’s Reliance Retail independently valued at $92-96 billion -source

By Aditya Kalra and M. Sriram NEW DELHI (Reuters) -India’s Reliance Retail, run by Asia’s richest man Mukesh Ambani, has been valued at $92-96 billion by two global consultants, a source with direct knowledge of the matter told Reuters, in a move that could signal plans for an eventual IPO. Reliance had appointed independent valuers …

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India’s HDFC Bank to replace HDFC Ltd on MSCI indexes

BENGALURU (Reuters) -India’s biggest private lender HDFC Bank will replace Housing Development Finance Corp (HDFC) Ltd on MSCI Global Standard indexes from July 13, following the merger of two companies, an MSCI notice showed on Friday. HDFC and HDFC Bank completed their $40 billion merger, the largest in India’s corporate history on July 1 and …

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