Reuters India Business

JAKARTA (Reuters) – United States investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on Tuesday. Manjesh Verma, BlackRock Head of APAC Credit and Fixed Income Research, at an investment forum in Jakarta said the two emerging market countries …

BlackRock sees India, Indonesia as promising for investment opportunities Read More »

BENGALURU/MUMBAI (Reuters) -India’s central bank on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing “material supervisory concerns” in its gold loan portfolio. There were “serious deviations” in assessing the gold taken as collateral and breaches in the maximum permitted loan-to-value ratio, the Reserve Bank …

India central bank bars IIFL Finance from offering gold loans Read More »

By Aditya Kalra NEW DELHI (Reuters) – A group representing Indian startups has asked the country’s antitrust watchdog to order Alphabet Inc’s Google to reinstate apps it removed for policy violations, a letter seen by Reuters shows, escalating a showdown with the U.S. giant in a key market. Google on Friday removed more than 100 …

Indian startups ask antitrust body to order Google to restore apps after ‘brazen’ move Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Untimely rainfall and hailstorms have battered winter-sown crops, including wheat, rapeseed, and chickpeas in India’s main producing areas, delaying harvesting, industry and government officials told Reuters. Adverse weather could limit growth in wheat production and complicate the government’s efforts to build stocks. This year’s wheat harvest is critical for …

India’s wheat, rapeseed ravaged by rain just before harvesting Read More »

By Praveen Paramasivam CHENNAI (Reuters) – India’s Blue Star is targeting a 25% rise in air conditioner sales as hotter-than-usual summer is expected to drive strong demand during the season. “The indications are … the summer season will be good (for the AC segment),” Blue Star Managing Director B. Thiagarajan told Reuters on Monday. A …

India’s Blue Star expects 25% jump in AC revenue from summer demand boost Read More »

MUMBAI (Reuters) – Moody’s Investor Service sharply raised its gross domestic product (GDP) forecast for India on Monday, following the strong momentum seen in the South Asian economy in recent quarters, which the ratings agency expects will continue into 2024. “India’s economy has performed well and stronger-than-expected data in 2023 has caused us to raise …

Moody’s raises India’s 2024 GDP forecast sharply Read More »

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – India has asked tech firms to seek its approval before the public release of artificial intelligence (AI) tools that are “unreliable” or under trial, noting they should also be labelled for the potential to return wrong answers for user queries. The use of such tools, …

India asks tech firms to seek approval before releasing ‘unreliable’ AI tools Read More »