Reuters India Business

BENGALURU (Reuters) – Investment firms GQG and Fidelity picked up shares worth $261 million in India’s Vodafone Idea as part of the debt-saddled telecom operator’s planned $2.16 billion share sale, the company said. Vodafone Idea sold shares worth 54 billion rupees ($645.5 million) to institutional investors in the first stage of its 180 billion rupees …

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BENGALURU (Reuters) – Zee Entertainment Enterprises said on Tuesday it was withdrawing an application filed with an Indian company tribunal that was aimed at forcing Sony to merge its India unit with the company. The decision to withdraw the application, which was filed in January, will enable the company to “aggressively pursue” all its claims …

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NEW DELHI (Reuters) – The International Monetary Fund (IMF) has raised India’s growth forecast for 2024-25 to 6.8% from 6.5% on the back of strong domestic demand and a rising working-age population. The Reserve Bank of India, the country’s central bank, estimates the economy to grow at 7% in the current financial year that started …

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MUMBAI/BENGALURU (Reuters) – India’s central bank on Tuesday asked online payment firms to monitor transactions-related activities of merchants on their platforms and ensure that they meet its fresh guidelines, in a series of moves aimed at tightening the scrutiny of the sector. India’s burgeoning yet relatively less-regulated online payments industry has come under the RBI’s …

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(Reuters) – Social media platform X said on Tuesday it withheld some posts in India containing political speech from elected politicians, political parties, and candidates for office after the country’s election commission ordered their takedown. Elon Musk-owned X said it disagreed with the election commission’s orders. “We call on the Election Commission to publish all …

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