By Anushree Ashish Mukherjee (Reuters) – Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world’s largest economy for clues on the size of the Federal Reserve’s potential interest-rate cut in September. Spot gold was down 0.8% at $2,505.03 an ounce by 01:41 p.m. …
Gold falls on firmer dollar as US data takes spotlight Read More »
BENGALURU (Reuters) – The Securities and Exchange Board of India on Wednesday warned against investing in small and medium sized companies, saying some of them have presented an “unrealistic view of their operations.” SEBI’s warning follows a series of complaints to the regulator that the separate listing platform for small companies is getting misused, even …
India’s markets regulator says some small firms paint “unrealistic picture” post IPO Read More »
BENGALURU (Reuters) – The Reserve Bank of India on Wednesday granted “self-regulatory organisation” status to Fintech Association For Consumer Empowerment (FACE) to help ensure statutory and regulatory compliance in the financial technology (fintech) sector. FACE is an industry body of fintech lenders. Its members account for about 80% of digital lending business volumes in India, …
India cenbank grants self-regulatory status to fintech association FACE Read More »
(Reuters) -The $8.5 billion merger of Reliance and Walt Disney India media assets has been approved by India’s antitrust body, clearing the way for a deal that will create India’s largest entertainment business. The proposed merger, first announced in February, is expected to combine 120 TV channels and two streaming platforms, challenging rivals such as …
Factbox-Disney-Reliance India media merger approved: Who are their top rivals? Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India is considering raising import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. The move, which is likely to be announced in the coming weeks, could dampen demand and reduce overseas purchases of palm oil, …
By Praveen Paramasivam CHENNAI (Reuters) – Indian snacks maker Bikaji Foods is “not for sale” and is instead on the prowl itself, aiming to cash in on the growing appetite for savoury brands in the world’s most populous country, a top executive told Reuters. The Indian savoury snacks sector has ballooned in recent years as …
Bikaji says ‘not for sale’ amid investor interest in Indian snacks market Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India will hold wider consultations with steel companies before imposing curbs on imports of low ash metallurgical coke, used in steelmaking, a source with direct knowledge of the matter told Reuters. India, the world’s second-biggest producer of crude steel, in April proposed a country-specific import …
India set to hold more talks over import curbs on steelmaking raw material Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee traded lower on Wednesday, but a well recognised support level ensured that the currency fared better than many of its Asian peers. The rupee was at 83.95 to the U.S. dollar at 10:40 a.m. IST, compared with 83.9250 in the previous session. The currency has been …
Rupee stalls at familiar support after opening dip Read More »
By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Apple is tying up with India’s Bharti Airtel to offer the telecom firm’s premium customers its music and video streaming services for free, giving the U.S. giant access to thousands of consumers in the world’s most populous nation. With mostly English-language content, Apple TV+ is a small …
Apple eyes bigger slice of India’s streaming, music market with Airtel deal Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s NSE Nifty 50 recovered from a flat start to hit record highs on Wednesday, boosted by extended gains in information technology stocks as traders look forward to rate cuts by the US Federal Reserve. The benchmark index rose as much as 0.38% to an all-time high of 25,114.05. The …
