Reuters India Business

By Aditya Kalra and Nikunj Ohri NEW DELHI (Reuters) – An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows. Tax inspectors accuse the British insurer …

Exclusive-Aviva’s India officials approved brokerage model queried by taxmen Read More »

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian equity benchmarks ended higher on Friday, buoyed by consumer stocks on easing domestic retail inflation, and logged their fourth straight weekly gain – the longest such streak since July end. The NSE Nifty 50 rose 0.89% to 24,768.3, while the BSE Sensex gained 1.04% to 82,133.12. Both …

India’s benchmark indexes log longest weekly winning run since July Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards market and a weaker yuan while mild inflows helped the currency on the day. The rupee closed stronger at 84.7875 against the U.S. dollar …

Inflows help rupee end higher on day but weekly losing streak persists Read More »

MUMBAI (Reuters) -Police in India’s financial capital Mumbai said on Friday that they were investigating a bomb threat to the Reserve Bank of India (RBI) after it received an email in Russian warning of an explosive attack. The warning was sent to the official email address of newly appointed RBI Governor Sanjay Malhotra, a senior …

Indian police say probing bomb threat to central bank in Mumbai Read More »

By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India’s intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. …

Rupee holds up in face of broad dollar rally thanks to central bank Read More »

By Sherin Elizabeth Varghese (Reuters) – Gold slipped over 1% on Thursday as investors booked profits after it briefly reached a five-week high earlier in the session and squared positions ahead of a U.S. Federal Reserve meeting next week. Spot gold lost 1.2% at $2,684.15 per ounce by 01:40 p.m. ET (1840 GMT), while U.S. …

Gold slides from 5-week high, down over 1% on profit-taking Read More »