Reuters India Business

By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – An influential Indian nationalist group will push for limits on entry fees for players of paid online games, potentially turning up the heat on a multi-billion-dollar industry that is preparing to lobby against tougher rules. The growing popularity of real-money games, driven by backing from …

Indian group calls for cap on entry fees for online games amid regulatory push Read More »

By Rajendra Jadhav MUMBAI (Reuters) – At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi’s surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurrage charges, industry officials told Reuters. India banned exports of broken rice and imposed a 20% duty …

Indian rice shipments stuck at ports, traders seek government help Read More »

By Krishna N. Das and Aftab Ahmed NEW DELHI (Reuters) – Indian companies are hiring thousands of temporary workers, expanding to smaller cities and launching new products as the country prepares to celebrate its peak festive season without COVID restrictions for the first time in three years. Many people in the country of 1.4 billion …

Hiring, expansions: Indian businesses gear up for festive sales free of COVID curbs Read More »

By Kavya Guduru (Reuters) – Gold prices weakened on Monday, back toward a 29-month low hit on Friday, as the dollar and Treasury yields rose on expectations the U.S. Federal Reserve will deliver a steep interest rate hike when it meets this week. Spot gold was down 0.3% to $1,670.76 an ounce by 11:57 a.m. …

Gold languishes near 29-month low in run-up to Fed meeting Read More »

By Arundhati Sarkar (Reuters) -India’s crude oil imports fell more than 13% in August month-on-month, government data showed on Monday, as monsoon rains restricted activity and slowed consumption in the world’s third-biggest oil consumer. Crude oil imports last month fell to 17.55 million tonnes from July, data from the website of the Petroleum Planning and …

India’s August crude imports fall m/m on monsoon demand lull Read More »

MUMBAI (Reuters) – India’s top sugar producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers have expanded the growing area for the cane crop, the state government said in a statement on Monday. Higher production will weigh on local prices and may prompt New …

India’s Maharashtra to produce record sugar levels in new season Read More »

BENGALURU (Reuters) – India’s IPO-bound Oyo Hotels posted positive group core earnings for the first time as a rebound in travel demand powered bookings, a filing from the SoftBank Group-backed hotel aggregator showed on Monday. Oyo’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first quarter stood at 72.66 million Indian rupees …

India’s Oyo Hotels delivers positive core earnings for the first time Read More »