By Shilpa Jamkhandikar MUMBAI (Reuters) – In southern India, devoted fans worship film and TV stars like gods, erecting huge statues of actors which are bathed in milk as part of prayer rituals for a movie’s success. This is the market Netflix Inc, a streaming laggard in India, is now eager to tap. It has …
Netflix goes to ‘Tollywood’ and beyond for long-sought India growth Read More »
NEW DELHI/MUMBAI (Reuters) – India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season’s exports at 10 million tonnes, a government source told Reuters on Tuesday. India is the world’s biggest sugar producer and the second biggest exporter behind Brazil. (Reporting …
India could restrict sugar exports to 10 million T, govt source says Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares gave up early gains to trade lower on Tuesday, weighed down by information technology and consumer stocks, while logistics firm Delhivery surged in its market debut. The NSE Nifty 50 index fell 0.31% to 16,165.05 by 0525 GMT and the S&P BSE Sensex slipped 0.13% to 54,219.59, also …
Indian shares reverse early gains as IT stocks drag; Delhivery rises on debut Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited …
Cryptoverse: Is the end of the bitcoin winter nigh? Read More »
BENGALURU (Reuters) -Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6% in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees ($4.89 billion). The Gurugram-based company’s services include parcel transportation, warehousing, cross-border and supply chain services to more than 23,000 customers, and counts …
SoftBank-backed logistics firm Delhivery valued at $4.9 billion in India debut Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices climbed on Monday, as weakness in the dollar and growth concerns in the economy lifted the metal, although non-yielding bullion pared some gains after U.S. Treasury yields rose. Spot gold rose 0.4% to $1,853.70 per ounce by 2:20 p.m. ET (1820 GMT). Prices rose more than 1% and …
Gold regains some lustre as dollar slides to one-month low Read More »
By Chandini Monnappa BENGALURU (Reuters) – Indian food delivery firm Zomato Ltd reported a 75% jump in quarterly revenue on Monday, as new customers propelled a surge in order volumes. During the quarter through March, gross order value – or the total value of all food delivery orders placed on Zomato’s online platform – jumped …
India’s Zomato quarterly revenue up 75% on orders, new customers Read More »
By Nupur Anand MUMBAI (Reuters) – India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s …
Paytm payments bank expects central bank curbs to be lifted in three-five months Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them …
India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’ Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) – India’s Mahindra and Mahindra will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters. Anish Shah said Mahindra had over time focussed on developing EV components in-house, but now changed tack to forge partnerships to achieve faster growth …
India’s Mahindra to explore more partnerships for EV parts -CEO Read More »
