Reuters India Business

By Munsif Vengattil and M. Sriram BENGALURU (Reuters) – A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani’s entertainment ambitions with streaming tech prowess and lucrative cricket rights. Disney and Reliance on Wednesday put a value on their joint TV and streaming assets …

Technology and cricket big wins for billionaire Ambani in Disney tie-up Read More »

By Jayshree P Upadhyay (Reuters) – India’s market regulator has asked money managers to consider restricting one-off investments from clients in small- and mid-cap stock mutual funds and cut commissions offered for their sale, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) communicated this to the …

Exclusive-India regulator moves to curb inflows into small- and mid-cap funds – sources Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares recovered from a muted start on Thursday, helped by Reliance Industries, while the broader, more domestically-focussed small- and mid-caps extended their decline on concerns over fund flows into the segments. The blue-chip index NSE Nifty 50 was up 0.19% at 21,991.05, while the BSE Sensex rose 0.31% to …

Indian benchmarks recover from weak start; small-, mid-caps fall Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to have a quiet day on Thursday, as traders await a U.S. inflation reading that will be important in guiding expectations on when the Federal Reserve will cut interest rates. Non-deliverable forwards indicate the rupee will open marginally higher to the U.S. dollar from …

Rupee awaits key US inflation data, bias on upside Read More »

By Sai Ishwarbharath B BENGALURU (Reuters) – U.S.-based IT firm Cognizant said it expects India employees to work from the office at least thrice a week, according to a memo seen by Reuters, becoming the latest company to signal the end of the pandemic-induced remote working era. Employers cited reasons such as better collaboration and …

Cognizant asks India employees to work from office thrice a week, internal memo shows Read More »

PARIS (Reuters) – France wants a new push for a global minimum tax on the super-rich, building on the success of a 15% minimum on multinationals taking effect this year, Finance Minister Bruno Le Maire said on Wednesday. “Currently the richest people can avoid paying the same level of tax as other people who are …

France backs global minimum tax on billionaires at G20 Read More »