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India leaves crypto and stablecoins at the door in fintech jamboree

9 Oct 2025

(Adds editing credit) By Jaspreet Kalra and Ashwin Manikandan MUMBAI (Reuters) -At the world’s largest gathering for the financial technology sector in Mumbai this week, more than 800 speakers tip-toed around two topics that have captured attention globally: cryptocurrencies and stablecoins. About 100,000 participants converged for the three-day conference starting October 7 in India’s financial …

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Chevron expands India hub to boost digital and AI capabilities

9 Oct 2025

By Arunima Kumar BENGALURU, India (Reuters) -Chevron India on Thursday opened a 312,000-square-foot facility for its Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, a year after launching the unit to consolidate technical work and deepen its digital and artificial intelligence capabilities. The expansion underscores India’s growing role in the energy transition as technology becomes …

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India’s ONGC to provide first guarantee in 15 years for unit’s bond sale, sources say

9 Oct 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s state-run Oil and Natural Gas Corp (ONGC) has provided its first guarantee in 15 years for a rupee-denominated bond, likely to be issued by a subsidiary this quarter, three sources aware of the matter said on Thursday. ONGC Petro Additions Ltd (OPAL), in which ONGC owns …

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WHO calls out gap in India’s cough syrup testing after deaths

9 Oct 2025

By Krishna N. Das, Praveen Paramasivam and Jennifer Rigby NEW DELHI/CHENNAI (Reuters) -Indian authorities advised the public to avoid two more brands of cough syrup on Wednesday following the deaths of 17 children aged under five linked to a toxic ingredient, as the World Health Organization said the country had a “regulatory gap” in screening …

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India rolls out pilot for e-commerce payments via ChatGPT

9 Oct 2025

(Reuters) -India’s payments authority National Payments Corporation of India (NPCI) and fintech firm Razorpay have collaborated with Microsoft-backed OpenAI to launch AI-driven payments on ChatGPT, the companies said on Thursday. The initiative, currently in the pilot stage, will allow users to make purchases on ChatGPT, facilitated by India’s homegrown payments network Unified Payments Interface (UPI). …

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India’s MUDRA aims to diversify funding base with first-ever bond sale, say sources

9 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -Micro Units Development and Refinance Agency (MUDRA), an Indian non-banking finance company set up by Prime Minister Narendra Modi’s government in 2015, plans to raise up to 50 billion rupees ($563.22 million) through bonds to diversify its funding base, two sources familiar with the matter said on Thursday. The company, …

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Metals, IT drive India shares higher; TCS earnings on tap

9 Oct 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares rose on Thursday, with stronger base metals prices boosting metal stocks, while information technology companies ticked higher ahead of the quarterly results of Tata Consultancy Services, the country’s top software-services exporter. The Nifty 50 ended 0.54% higher at 25,181.8 and the BSE Sensex added 0.49% …

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India extends deadline for first annual US LPG import tender to Oct 17, sources say

9 Oct 2025

By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) -Indian state refiners have extended the closing deadline for their first joint long-term tender for importing liquefied petroleum gas (LPG) from the United States in 2026 by a week to October 17, trade sources said on Thursday. India plans to raise energy imports from the U.S. …

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Tepid loan demand, compressed margins to drag Indian banks’ quarterly results

9 Oct 2025

By Bharath Rajeswaran and Nishit Navin BENGALURU (Reuters) -Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said. The Reserve Bank of India has lowered its interest rate by …

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