Reuters India Business

(Reuters) -British insurer Prudential is considering listing its Indian joint venture ICICI Prudential Asset Management, it said on Wednesday. Prudential’s London-listed shares soared more than 8%, buoyed by plans that would involve the company divesting some of its 49% stake in the Indian asset manager and returning the proceeds to shareholders. ICICI Prudential Asset Management …

British insurer Prudential considers listing Indian asset management joint venture Read More »

By Shubham Batra NEW DELHI (Reuters) -India’s markets regulator is seeking broader powers from the government to remove unauthorised financial advice from social media platforms such as WhatsApp and Telegram, and to access their call records for investigations into market violations, a government source and a document reviewed by Reuters showed. This is the second …

Exclusive-India regulator seeks greater access to social media records, source and memo say Read More »

(Reuters) -Coinbase is working on re-entering the Indian market after ceasing operations over a year ago, TechCrunch reported on Thursday, citing people familiar with the matter. Coinbase is engaging with Indian authorities, including the Financial Intelligence Unit (FIU), to secure necessary approvals for its re-entry into the market, according to the report. “Coinbase is excited …

Coinbase plans Indian comeback amid regulatory engagements, TechCrunch reports Read More »

(Reuters) -Indian carmakers are speeding up deployment of electric vehicle chargers as the world’s No. 3 auto market prepares for new model launches this year, and the government plans $230 million in incentives for the setup of fast-charge stations. Here’s a look at the EV makers’ current charging network and future plans. TATA MOTORS Tata …

What are India’s EV makers’ plans for their charging networks? Read More »

(Reuters) – U.S.-based investment firm Carlyle Group has entered India’s auto components market by buying a controlling stake in an entity formed by the combination of Indian auto parts companies Highway Industries and Roop Automotives. Equity for the investment will come from funds affiliated with Carlyle Asia Partners, the firm said on Wednesday without disclosing …

Carlyle Group enters Indian auto parts industry with Highway-Roop platform buy Read More »

By Anmol Choubey (Reuters) – Gold prices rose on Thursday as U.S. President Donald Trump unveiled plans to impose reciprocal tariffs on countries taxing U.S. imports, heightening global trade concerns. Spot gold added 0.4% to $2,915.76 per ounce as of 01:41 p.m. ET (1841 GMT), moving back towards its record peak of $2,942.70 hit on …

Gold rises as concerns grow over Trump’s tariff plans Read More »

By Aditya Kalra NEW DELHI (Reuters) – The Reliance-Disney joint venture will no longer offer completely free streaming for IPL cricket matches and will adopt a hybrid model where subscription kicks in after content consumption reaches a threshold, three sources told Reuters on Thursday. The entity will also launch a new rebranded streaming app, with …

Reliance-Disney to stop completely free IPL cricket streaming in India, sources say Read More »

(Reuters) -India’s central bank on Thursday barred Mumbai-based New India Co-operative Bank from issuing new loans and suspended deposit withdrawals for six months, citing supervisory concerns and the lender’s liquidity position. The Reserve Bank of India (RBI) said the directions were necessary due to concerns arising from “recent material developments” at the bank, and to …

India’s RBI imposes business curbs at New India Co-operative Bank on supervisory concerns Read More »