By Ashwin Manikandan NEW DELHI (Reuters) – Indian startup Mintoak, which provides merchant payment services to lenders, said on Tuesday it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million. The Reserve Bank of India started a pilot …
(Reuters) -Amazon’s cloud services provider, Amazon Web Services, will invest about $8.2 billion in India’s western state of Maharashtra over the next few years, the information technology ministry said on Monday. India has been stepping up its efforts to pilot local cloud data storage. According to a report by International Data Corporation, the country’s cloud …
Amazon’s cloud business to invest $8.2 billion in Indian state in coming years Read More »
(Reuters) -India’s financial crime fighting agency said on Monday its investigation revealed that payment services provider Paytm and its units had violated the country’s Foreign Exchange Management Act to the tune of 6.11 billion rupees ($70.00 million). The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file …
India’s financial crime fighting agency says Paytm violated foreign exchange rules Read More »
(Reuters) -Ola Electric, India’s top electric two-wheeler maker by sales, said on Monday it is eliminating some roles due to restructuring and automation, with Bloomberg News pinning the number at over 1,000, amid the company’s push for profitability. “We have restructured and automated our front-end operations delivering improved margins, reduced costs and enhanced customer experience …
India’s Ola Electric to cut jobs; over 1,000 roles impacted, says Bloomberg News Read More »
By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended higher on Monday, tracking an uptick in regional peers at the start of a week in which the currency’s moves will depend on the news flow regarding U.S. tariffs and economic data, and the local central bank’s reaction. The rupee ended at …
India rupee tracks regional peers higher, focus stays on tariff news Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes settled barely changed on Monday, with enthusiasm over the uptick in domestic economy fizzling out in early trades as looming U.S. tariffs kept investors on the edge. The Nifty 50 closed 0.02% lower at 22,199.3, extending its losses for a ninth straight session, while …
Indian shares end flat as US tariff worries offset domestic growth optimism Read More »
MUMBAI (Reuters) – Indian payments services firm AGS Transact Technologies said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues. Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company …
Indian payments firm AGS Transact Technologies faces insolvency over alleged unpaid dues Read More »
By Manoj Kumar and Shivangi Acharya NEW DELHI (Reuters) -India’s trade minister Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, two government officials said, with weeks to go for President Donald Trump’s planned reciprocal tariffs. Goyal’s visit was sudden, as he departed after cancelling previously scheduled meetings …
India’s trade minister heads to US for talks as Trump tariffs loom, officials say Read More »
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing activity grew at its weakest pace in over a year last month due to cooling demand, but employment generation rose at a healthy pace and inflation eased, a private survey showed on Monday. The softer manufacturing data suggests the growth rebound in Asia’s third-largest economy may be …
India’s factory activity growth dips to 14-month low in Feb due to cooling demand Read More »
(Reuters) -India’s Adani Green has raised $1.06 billion to refinance a renewable energy project’s 2021 debt facility, it said on Monday, in its first major fund raise since the U.S. indictment of its top executives over an alleged bribery scheme. Adani Green did not specify if it raised the amount via loan or dollar bonds …
India’s Adani Green raises $1.06 billion for debt refinance Read More »
