Reuters India Business

MUMBAI/NEW DELHI (Reuters) -Indian fantasy sports platform Dream11 has initiated talks with the country’s cricket board to exit its 3.58 billion rupee ($41 million) jersey sponsorship deal, the Economic Times reported on Sunday, citing people familiar with the matter. The move followed the central government ban on real-money online games, including fantasy sports, under the …

India’s Dream11 in talks to end cricket sponsorship due to new gaming law, report says Read More »

MUMBAI (Reuters) -India’s markets regulator has approved Life Insurance Corporation’s request to be reclassified as a public shareholder in IDBI Bank, LIC said in a stock exchange filing on Sunday, paving the way for a strategic sale in the lender. India has completed due diligence for the stake sale of IDBI Bank and plans to …

India market regulator clears LIC reclassification ahead of IDBI Bank privatisation Read More »

MUMBAI (Reuters) -A criminal investigation into Indian industrialist Anil Ambani and his company Reliance Communications has no impact on Reliance Power and Reliance Infrastructure, the two companies said in separate releases on Sunday. On Saturday, India’s Central Bureau of Investigation (CBI) conducted search operations in Mumbai at Ambani’s house and the offices of the now-insolvent …

India’s Reliance Infra, Reliance Power say no impact from criminal case against Anil Ambani Read More »

(Reuters) -India’s goods and services tax council, chaired by the federal finance minister, will meet on September 3-4 to discuss sweeping tax cuts. The panel, that also has representatives from the country’s states, will consider reforming the indirect tax system with just two major tax rates after Prime Minister Narendra Modi on August 15 announced …

India’s GST council to meet on September 3-4 to discuss sweeping tax cuts Read More »

NEW DELHI (Reuters) -India will address its future trade relationship with the United States with a “very open mind”, Trade Minister Piyush Goyal said on Friday, just days before heavy extra U.S. tariffs are due to hit imports from the country. India-U.S. trade talks collapsed over India – the world’s fifth-largest economy – resisting opening …

India approaching U.S. trade issue with “very open mind”, minister says Read More »

(Reuters) -India’s markets regulator on Friday proposed that the closing auction session (CAS) to determine share prices will be first introduced for derivatives stocks. The Securities and Exchange Board of India will first introduce such a session for highly liquid shares, followed by other equity segments, according to a consultation paper published on its website. …

India regulator says session to decide share price to first apply for derivatives stocks Read More »