NEW DELHI (Reuters) – Oil tanker Destan, stuck in India for three weeks due to technical issues with its engine, discharged Russian oil and departed on Monday, two sources with knowledge of the matter said. The Panama-flagged tanker carrying about 740,000 barrels of Russian light sweet ESPO oil for refiner Indian Oil Corp arrived at …
Tanker with Russian oil leaves India after 3 weeks, sources say Read More »
By Aditya Kalra NEW DELHI (Reuters) – Pernod Ricard’s legal head in India has resigned, said two sources with direct knowledge of the matter, a key departure at a time when the French liquor giant faces many legal and regulatory headaches in the critical Indian market. The sources, who spoke on condition of anonymity, said …
Top Pernod India counsel quits for Google amid antitrust, criminal probes, sources say Read More »
By Neha Arora NEW DELHI (Reuters) – India’s leading steelmakers’ body wants the government to impose an export tax on low-grade iron ore and pellets to address local shortages, according to a letter by the Indian Steel Association (ISA), which was seen by Reuters. India, the world’s fourth-largest producer of the steel-making ingredient, targets to …
Indian steelmakers’ body seeks export tariff on low-grade iron ore, pellets Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – The chief of India’s markets regulator, Madhabi Puri Buch, who is under attack from Hindenburg Research following its accusations against the Adani Group, is renowned as a no-nonsense leader who is used to difficult situations. The first woman at the helm of the Securities and Exchange Board of …
Who is Madhabi Puri Buch, India’s markets regulator under attack from Hindenburg? Read More »
NEW DELHI/MUMBAI (Reuters) – An 18-month battle between Hindenburg Research and India’s Adani Group has taken a fresh turn with the U.S. based short-seller alleging over the weekend that the chief of the country’s market regulator has a conflict of interest in the matter. The Securities and Exchange Board of India (SEBI) has been investigating …
Explainer-India’s Adani vs Hindenburg Research: What you need to know Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -U.S. based short-seller Hindenburg Research alleged on Saturday that the head of India’s market regulator, Madhabi Puri Buch, previously held investments in offshore funds also used by the Adani Group. In a late night press statement, Buch said the report’s allegations were baseless. A personal statement from Buch on …
MUMBAI (Reuters) -India’s markets regulator on Sunday asked investors to remain calm and exercise due diligence before reacting to reports such as that by US-based shortseller Hindenburg Research. Hindenburg alleged on Saturday that the head of Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, previously held investments in offshore funds also used by …
By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) – The Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said. The recommendation for tougher checks on the finances of politically exposed persons …
Global watchdog calls on India to boost bank scrutiny for politicians, say sources Read More »
By Rahul Paswan (Reuters) – Gold prices held steady on Friday after a sharp rise in the previous session, bolstered by a dip in U.S. Treasury yields, as investors grew confident that the Federal Reserve would lower interest rates in September. Spot gold was little changed at $2,427.73 per ounce as of 1826 GMT, after …
Gold holds ground on US Fed rate-cut hopes, lower yields Read More »
By Ananya Mariam Rajesh (Reuters) – India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India’s economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palate by …
From PepsiCo to P&G, India becomes next big growth bet as China lags Read More »
