Reuters India Business

By Pulcherie Adjoha and Seraphin Zounyekpe COTONOU (Reuters) – Shrouded in exhaust fumes, Arouna Gdamassi slid silently among the motorcycles swarming through rush hour traffic in Benin’s commercial capital Cotonou. The 40-year-old informal trader is the proud new owner of an electric two-wheeler made by India-based company M Auto, which launched bikes in West African …

E-moped firm out to win over West Africa’s sceptical moto-taxi drivers Read More »

By Abhirup Roy MUMBAI (Reuters) – India’s market regulator on Friday mandated enhanced disclosure norms for IPO-bound companies amid concerns that traditional financial disclosures were inadequate for some firms that typically remain loss making for a longer period. The Securities and Exchange Board of India said after a meeting of its board that companies would …

India market regulator mandates enhanced disclosure norms for IPO-bound companies Read More »

By Nidhi Verma and Ira Dugal NEW DELHI (Reuters) -India’s central bank is encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead. The Reserve Bank of India has ensured …

Exclusive-India’s central bank encouraging state refiners to cut spot dollar buying -sources Read More »

By Kane Wu and Roxanne Liu HONG KONG/BEIJING (Reuters) – Dealmakers in Asia are betting a possible retreat of multinational companies operating in China and a rise in acquisitions in India and Southeast Asia will replenish the M&A pipeline, amid macroeconomic headwinds. Merger and acquisition (M&A) transaction values involving China plunged by 35% year-on-year to …

Dealmakers eye China divestments, rise of India and SE Asia as M&A pipeline shrinks Read More »

By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India raised its benchmark repo rate by 50 basis points on Friday, the fourth straight increase, as policymakers extended their battle to tame stubbornly high inflation and analysts said further tightening is on the cards. The monetary policy committee (MPC), comprising of three members from …

India hikes rates to tame stubbornly high inflation, analysts see more tightening Read More »

By Anirban Sen, Pamela Barbaglia and Abigail Summerville NEW YORK/LONDON (Reuters) – Global M&A shrank for the third consecutive quarter as rising interest rates forced lenders to pull back from financing large deals and the soaring dollar failed to spur U.S. companies into snapping up foreign targets amid persisting geopolitical tensions. A steep fall in …

Global dealmaking plunges as financing market hits rock bottom Read More »

NEW DELHI (Reuters) – India’s top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and trade finance needs, it said in a statement on Thursday. The new unit – Finance Company – will help IOC benefit from interest arbitrage as the …

India’s top refiner sets up new unit for treasury operations Read More »