Reuters India Business

(Reuters) -Indian conglomerate Adani Enterprises’ unit sold shares worth 25 billion rupees ($278.9 million) in AWL Agri Business via bulk deals, data from exchanges showed on Friday. Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed …

Adani Enterprises sells stake worth $279 million in AWL Agri Business Read More »

SANTIAGO (Reuters) -Chilean miner Codelco and India’s Adani Group have signed an agreement for a copper project exploration in Chile, Codelco said in a statement on Friday.  The agreement includes the review of three copper projects and sets the framework for potential joint development, the Chilean state-run miner said. The non-binding deal between Codelco and Adani’s …

Copper giant Codelco signs deal with India’s Adani for exploration in Chile Read More »

NEW DELHI (Reuters) -India’s federal government said on Friday it was implementing four new labour codes, overhauling outdated rules governing factories and workers for decades. Labour codes covering wages, industrial relations, social security and occupational safety will now be implemented uniformly across the country. EASIER HIRE AND FIRE RULES Companies with up to 299 employees …

Factbox-India’s new labour codes: What they mean for workers and businesses Read More »

(Reuters) -The central banks of India and the European Union have agreed to start the initial phase of linking domestic payments systems, the Reserve Bank of India said on Friday. The interlinking will aim to facilitate cross-border remittances between India and the euro zone, the RBI said. The Reserve Bank of India has been actively …

ECB, RBI agree to start initial phase of interlinking domestic payment systems Read More »

(Reuters) -India’s Kotak Mahindra Bank said on Friday it will split one share into five, in its first stock split since September 2010. The bank, which completed 40 years of operations this month, said it seeks to make its shares more affordable and boost participation from retail investors. Kotak’s shares rose about 2% on Monday …

India’s Kotak Mahindra Bank announces first stock split in 15 years Read More »