Reuters India Business

JOHANNESBURG (Reuters) -Dutch technology investor Prosus is not planning to list Indian digital payments and lending firm PayU this year, with the focus on improving the business over the next six to 12 months, its chief financial officer said on Monday. While Prosus hoped to list PayU by 2025, “that is not going to be …

Prosus delays Indian payments firm PayU IPO to enhance business operations Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The Indian central bank’s attempt to create a market for separate trading of principal and interest for state government debt may be dampened by rules on the duration of bonds eligible for such securities, top insurers said. Earlier this month, the Reserve Bank of India enabled Separate Trading of Registered …

Indian insurers say limit on duration for state debt STRIPS may dent demand Read More »

By Anant Chandak BENGALURU (Reuters) -India’s private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring. The HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, jumped to …

India’s business activity surges in June on strong demand, record export orders, PMI shows Read More »

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee and government bonds are poised to face pressure this week following a U.S. strike on Iran, raising concerns of higher oil prices and potential retaliation that could deepen the conflict in the Middle East. The rupee had closed at 86.5850 against the U.S. dollar …

Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict Read More »

NEW DELHI (Reuters) -Air India said on Sunday it is temporarily reducing less than 5% of its narrowbody jet routes for “operational stability”, its second such reduction following a plane crash earlier this month that killed all but one of the 242 people on board. The airline, reeling from the deadliest crash in decades, said …

Air India cuts less than 5% of narrowbody jet routes, suspends two international flights Read More »

By Aditya Kalra NEW DELHI (Reuters) -India’s aviation watchdog has issued a warning to Air India for “repeated and serious violations” related to pilot duty scheduling and oversight, according to government directives reviewed by Reuters on Saturday. The Directorate General of Civil Aviation (DGCA) directed Air India to remove three company executives from crew scheduling …

India’s watchdog warns Air India for breaching pilots’ flight duty timings Read More »