Reuters India Business

MUMBAI (Reuters) -India’s market regulator and the Bombay Stock Exchange will take appropriate legal action to challenge a Mumbai court order against their officials in relation to an alleged stock market fraud and regulatory violations, they said in separate statements on Sunday. On Saturday, a special anti-corruption court in Mumbai ordered an investigation into senior …

India market regulator to challenge Mumbai court order against senior officials Read More »

(Reuters) -India’s Adani Group has revived plans for major infrastructure investments in the U.S., where the group’s founder has been charged with bribery, the Financial Times reported on Sunday. Since the election of President Donald Trump, the conglomerate has reactivated potential plans to fund projects in sectors such as nuclear power and utilities, as well …

India’s Adani Group revives US investment plans, FT reports Read More »

(Removes extraneous word ‘the’ in paragraph 2) (Reuters) -India’s Paytm received a show cause notice from India’s financial crime fighting agency on Saturday for allegedly violating the country’s Foreign Exchange Management Act. The notice relates to violations relating to the acquisition of two subsidiaries – Little Internet Private Limited and Nearbuy India Private Limited for …

India’s Paytm receives notice from financial crime fighting agency, sees no business impact Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -The euro dropped on Friday, after a meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump went up in flames, dashing hopes any peace deal could be reached soon in the war with Russia. Trump and Zelenskiy traded verbal barbs during a meeting that was designed to …

Euro falls to more than two-week low after Trump, Zelenskiy meeting Read More »

(Reuters) – India’s Piramal Enterprises said in an exchange filing on Friday that it had received a tax demand of 15.02 billion rupees (nearly $172 million) for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021. A tax office in the state of Maharashtra has asked the financial services company to …

India’s Piramal Enterprises hit with nearly $172 million tax bill for pharma deal Read More »

By Anmol Choubey (Reuters) – Gold prices fell over 1% on Friday as the dollar held close to two-week highs after U.S. inflation data came in line with expectations, suggesting the Federal Reserve may adopt a cautious stance on additional rate cuts. Spot gold was down 1% at $2,846.19 an ounce by 01:44 p.m. ET …

Gold set to record worst week in three months on robust dollar Read More »

(Reuters) -Indian stock broker Angel One on Friday said some of its Amazon Web Services (AWS) resources were compromised and that it has hired an external forensic partner to investigate the impact. The company’s shares, already pressured in a weak market, extended losses to as much as 4.7% after the news. “We have verified that …

India’s Angel One says assessing impact after security breach Read More »