Reuters India Business

BENGALURU (Reuters) -Central Depository Services (India) Ltd (CDSL) <CENA.NS> said on Friday it detected malware in a few of its internal machines and was working with cyber security advisors to analyse the impact. “As per initial findings, there is no reason to believe that any confidential information or the investor data has been compromised,” the …

Indian securities depository CDSL detects malware in few internal machines Read More »

MUMBAI (Reuters) – All whole-time directors, including managing directors, of state-run Indian banks will be allowed to hold office for an initial term of up to five years, versus three earlier, the government said in a gazette notification late on Thursday. The government can consider a re-appointment and extend the term up to ten years, …

Indian govt raises initial term for bank directors to five years Read More »

(Reuters) -Blackstone Inc-owned India malls real estate investment trust (REIT) portfolio, Nexus Malls, filed draft papers for an initial public offering with the domestic market regulator, a stock market filing showed on Thursday. The IPO will include a fresh issue of shares worth up to 16 billion Indian rupees ($195.94 million), the draft prospectus said. …

Blackstone’s India REIT portfolio Nexus Malls files for IPO Read More »

BENGALURU (Reuters) -Indian retailer Aditya Birla Fashion and Retail Ltd (ABFRL) said it had entered into a partnership with Galeries Lafayette to open stores of the French luxury retailer in the country in the next two to three years. The Indian firm said it would open two flagship stores – one in Mumbai by 2024 and another in …

Aditya Birla’s fashion unit to open Galeries Lafayette stores in India Read More »