Reuters India Business

NEW DELHI (Reuters) -India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government refund programme in an effort to boost export competitiveness, the trade ministry said on Tuesday. The benefits under the Remission of Duties and Taxes on Exported Products were introduced …

India to reinstate tax refund benefits for exporters from June to boost competitiveness Read More »

(Reuters) -Central Mine Planning and Design Institute Ltd (CMPDIL), a unit of the state-run miner Coal India, has filed for an initial public offering, draft papers dated Monday showed. Activities related to listing of CMPDIL and Bharat Coking Coal Ltd (BCCL) “are in progress”, Coal India said in a statement last week, after local newspaper …

Coal India unit CMPDIL files for initial public offering Read More »

BENGALURU (Reuters) -India’s markets regulator said that expiries of all equity derivatives contracts will be limited to either Tuesdays or Thursdays from next month, to enhance investor protection and market stability. The Securities and Exchange Board of India (SEBI) said in a statement on Monday that spacing out of expiry days through the week reduces …

India limits derivatives expiry days to Tuesday or Thursday Read More »

(Reuters) -Indian airline IndiGo co-founder Rakesh Gangwal will sell up to a 3.4% stake in the low-cost carrier through a block deal worth 68.31 billion rupees (nearly $803 million), news channel CNBC-TV18 reported on Monday, citing sources. Gangwal plans to sell the shares at a floor price of 5,175 rupees each – marking a 4.5% …

India’s IndiGo co-founder to sell part of stake in deal worth $800 million, media report says Read More »

(Reuters) -India’s markets regulator on Monday fined Multi Commodity Exchange of India Ltd (MCX) 2.5 million rupees ($29,383) for inadequate disclosures and providing incorrect information related to its trading platform contract. The Securities and Exchange Board of India (SEBI) said MCX repeatedly extended its contract with 63 Moons Technologies at a high cost after delays …

India regulator fines MCX over inadequate disclosures on trading platform Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -Indian government bond yields and overnight index swap rates are set to continue their downward trend, as expectations that the central bank will infuse further liquidity and lower interest rates boost investor sentiment, analysts and traders said. Even the Reserve Bank of India’s lower-than-expected surplus transfer to the government is …

Despite lower surplus transfer, Indian bond yields could dip further, analysts say Read More »