Reuters India - Squid Business

PepsiCo wins appeal against Indian attempt to remove potato patent

By Arpan Chaturvedi and Mayank Bhardwaj NEW DELHI (Reuters) – An Indian court has effectively quashed a decision that removed PepsiCo Inc’s patent for the potato variety used to make its popular Lay’s potato chips. India’s Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked the intellectual protection for the U.S. snacks …

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UAE’s DP world signs $3 billion MOUs with India’s Gujarat state government

DUBAI (Reuters) – UAE’s DP World signed $3 billion worth of memoranda of understanding with India’s Gujarat state government, the Dubai media office said in a statement. The MOUs covers the development of new ports, terminals, and economic zones in the Indian state, the statement added. (Reporting by Ahmed Elimam, Editing by Louise Heavens)

UK to deploy warships, aircraft carrier for Indian Ocean joint training

LONDON (Reuters) – Britain said on Wednesday it would send warships to the Indian Ocean later this year and an aircraft carrier to the region in 2025 for joint training and operations with Indian forces as the two countries strengthen their security ties. British Defence Secretary Grant Shapps said the Royal Navy’s Littoral Response Group …

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Indian shares rise on boost from IT, Adani group stocks

By Bharath Rajeswaran BENGALURU (Reuters) -India’s Nifty 50 and Sensex rose on Wednesday, led by gains in IT companies ahead of quarterly results and boosted by a jump in some Adani group stocks on the conglomerate’s plan for a $24 billion investment. The blue-chip NSE Nifty 50 gained 0.34% to 21,618.70 points, while the S&P …

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Rupee extends rising streak into sixth day on dollar inflows

By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee recouped early losses to end higher for a sixth consecutive session on likely foreign inflows. The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session. The local unit opened lower and …

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India’s steel ministry not seeking higher import taxes -govt source

By Neha Arora NEW DELHI (Reuters) – India’s federal Ministry of Steel has no immediate plans to seek higher taxes on imported steel even though the country has become a net importer of the alloy due to rising shipments from overseas, particularly China, a senior government source said. India’s top steel producers have asked …

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India’s Maruti Suzuki to invest $4 billion in second Gujarat car plant

By Aditi Shah and Dhwani Pandya GANDHINAGAR, India (Reuters) -India’s top carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to build a second car plant in Gujarat state and will add a new production line at an existing plant, the president of its parent company said. The investments will see the company’s annual …

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Indian refiners set to ask for extra Saudi oil after sharp price cut

By Nidhi Verma NEW DELHI (Reuters) -Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country’s top refiner, and Bharat Petroleum Corp, are …

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Renault seeks regulatory discipline in India as it plans new investments

By Aditi Shah NEW DELHI (Reuters) -Renault wants India to adhere to its regulatory roadmaps after the French automaker incurred unnecessary engineering costs following New Delhi’s decision to not implement a proposal mandating six airbags in cars, the company’s country head said. Renault has less than a 2% share of India’s thriving auto market …

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Indian AI startup CEO arrested after body of 4-year-old son found in luggage

BENGALURU (Reuters) – The CEO of an Indian AI startup has been arrested on suspicion that she murdered her four-year-old son after his body was found in her luggage, police said on Tuesday. Suchana Seth, who heads The Mindful AI Lab in India’s tech hub of Bengaluru, was detained in the Chitradurga district of Karnataka …

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