Reuters India Business Archives - Page 161 of 1191

India’s Nazara Tech says PokerBaazi operator halts money-based online games

22 Aug 2025 22 Aug 2025

(Reuters) -India’s Nazara Tech said on Friday its associate firm, Moonshine Technologies, which operates PokerBaazi and other card-based platforms, has ceased offering online games played with money. Shares of the company extended losses after the announcement and were trading 3.6% lower. Moonshine’s move follows a slew of firms suspending online games played with money, including …

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India regulatory panel recommends intraday position limits for index derivatives, sources say

22 Aug 2025 22 Aug 2025

By Jayshree P Upadhyay MUMBAI (Reuters) -A top panel of India’s markets regulator has recommended capping an entity’s intraday equity index derivatives net position at 15 billion rupees (about $172 million), two sources familiar with the matter said. The regulator is re-looking at rules for equity derivatives after it temporarily banned U.S. high-frequency trading firm …

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India’s Apollo Hospitals MD Suneeta Reddy sells 1.3% stake via block deal

22 Aug 2025 22 Aug 2025

(Reuters) -India’s Apollo Hospitals’ Managing Director and large shareholder Suneeta Reddy has offloaded a 1.3% stake through a block deal, the company said on Friday. About 1.9 million shares were sold at a floor price of 7,850 rupees apiece, valuing the sale at 14.89 billion rupees ($170.40 million), exchange data showed. The price is a …

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OpenAI to launch first India office in New Delhi this year

22 Aug 2025 22 Aug 2025

By Munsif Vengattil BENGALURU (Reuters) -ChatGPT parent OpenAI will open its first India office in New Delhi later this year, deepening its push in its second-largest market by user numbers. OpenAI, which is backed by Microsoft, has been established as a legal entity in India and has begun hiring a local team, the company said in …

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India’s central bank signals preference for keeping current inflation framework

22 Aug 2025 22 Aug 2025

By Ira Dugal and Swati Bhat BENGALURU (Reuters) -India’s central bank said on Thursday the current inflation-targeting framework has worked well for the economy and signalled it could be kept intact, as the authority sought stakeholder views on the path ahead in a discussion paper. With the current framework up for review by April 2026, …

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Gold slips as dollar firms ahead of Powell’s Jackson Hole speech

21 Aug 2025 21 Aug 2025

(Corrects first bullet to say US dollar was up, not down) By Noel John (Reuters) -Gold prices edged lower on Thursday as the dollar strengthened, while investors awaited U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium for signals on U.S. policy direction. Spot gold fell 0.3% to $3,337.95 per ounce, as …

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Kyndryl to invest $2.25 billion in India over three years

21 Aug 2025 21 Aug 2025

(Reuters) -Kyndryl, the information technology services provider that was spun out of IBM, said on Thursday it would invest $2.25 billion in India over the next three years. Kyndryl, which has presence in the country, said its plans include establishing an AI innovation lab in Bengaluru. The company also plans to deepen its engagement with …

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Indian gaming company MPL halts money-based games after government ban

21 Aug 2025 21 Aug 2025

(Reuters) -Indian gaming company Mobile Premier League (MPL) said on Thursday it has suspended all money-based games on its platform in compliance with a government ban on online games played with money. “Effective immediately, we are suspending all gaming offerings involving money on the MPL platform in India”, the company said in a statement. India’s …

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India’s PayNearby plans to go public next year, CEO says

21 Aug 2025 21 Aug 2025

By Nishit Navin BENGALURU (Reuters) -Indian fintech firm PayNearby plans to launch an initial public offering in the next financial year to fund expansion, its chief executive said on Thursday, making it the latest to target a red-hot market that raised record sums in 2024. India was the world’s second-biggest IPO market after the United …

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Hindustan Unilever names ex-Hero MotoCorp boss Niranjan Gupta as CFO

21 Aug 2025 21 Aug 2025

By Nandan Mandayam and Nishit Navin (Reuters) -Hindustan Unilever named former Hero MotoCorp CEO Niranjan Gupta as its finance chief on Thursday, succeeding Ritesh Tiwari who will move to a global role at parent Unilever. Gupta will take charge as CFO of consumer goods maker Unilever’s Indian unit from November 1. He began his career …

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