Reuters India Business

BENGALURU (Reuters) -Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported https://twitter.com/ETNOWlive/status/1537718663758811137 on Friday, citing sources. The report comes as Revlon filed for bankruptcy earlier this week after global supply chain disruptions drove up raw material costs …

India’s Reliance considers buying out Revlon in U.S. – ET Now Read More »

By Swati Bhat MUMBAI (Reuters) -India’s central bank is not behind the curve and is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy, Governor Shakikanta Das said on Friday. Das “truly and sincerely” believes the Reserve Bank of India (RBI) is in sync with the requirements of …

India cenbank not behind curve, targeting soft landing for economy-chief Read More »

By M. Sriram and Aditya Kalra MUMBAI (Reuters) – Sequoia Capital’s India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these “lowlights” were mostly behind it, according to three people familiar with the discussions. But two months later, Sequoia, …

Sequoia India grapples with fallout from governance snafus Read More »

NEW DELHI/BENGALURU (Reuters) -The Reserve Bank of India on Thursday lifted restrictions imposed last year on Mastercard Inc over issuing debit and credit cards to new domestic customers. The decision follows satisfactory compliance on rules regarding storage of payment system data, the central bank said. The RBI imposed the curbs in July 2021 after saying …

India central bank lifts curbs on Mastercard over new cards Read More »

GENEVA (Reuters) – India’s Commerce Minister said on Thursday that he expected “solid decisions” at a World Trade Organization conference in Geneva where negotiations on fishing, vaccines and food security deals are in their final hours. “We will take some solid decisions probably after seven years for the first time, subject to a few issues …

India trade minister expects ‘solid’ outcomes from global trade talks Read More »

GENEVA (Reuters) -WTO members reached a provisional deal on Thursday to extend a moratorium on applying duties to electronic transmissions until the next ministerial meeting, likely to be in 2023, two trade sources involved in the discussions told Reuters. The prospect of ending the moratorium, which has exempted data flows from cross-border tariffs since 1998, …

WTO provisionally agrees to extend e-commerce tariff moratorium – sources Read More »

By Aditi Shah NEW DELHI (Reuters) – Indian budget carrier SpiceJet Ltd said on Thursday fares need to be raised as much as 15% to counter high fuel costs and a weak rupee which have lifted operating costs to unsustainable levels. Both factors have left domestic airlines with “little choice but to immediately raise fares”, …

India’s SpiceJet flags fare hikes of up to 15% Read More »