Reuters India Business

By Anant Chandak BENGALURU (Reuters) – Indian business activity expanded at its fastest pace in seven months in February as demand remained strong for both manufacturing and services, according to a business survey released on Thursday, which also showed an easing in price pressures. That supports the findings in a Reuters poll which found India, …

India’s Feb business activity accelerated to seven-month high on solid demand Read More »

By Rishika Sadam HYDERABAD, India (Reuters) – Indian drugmakers aiming to grab a slice of the burgeoning weight-loss treatment sales pie, both at home and abroad, have begun developing their own versions of Novo Nordisk’s wildly in demand Wegovy. With some analysts predicting a weight-loss market reaching $100 billion a year or more by the …

India pharma companies develop versions of Wegovy to get in on weight-loss windfall Read More »

BENGALURU (Reuters) -An Indian court said on Wednesday that any resolution passed by shareholders in Byju’s will not apply until the next hearing, giving the once valuable education firm breathing space as some investors seek to oust its former billionaire CEO. India’s Karnataka state high court did not stop the Extraordinary General Meeting (EGM) planned …

India court says Byju’s shareholder decisions will not apply before March 13 Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s lentil imports from Canada more than doubled in 2023 despite diplomatic strains over the murder of a Sikh separatist leader, as a shortfall in production prompted the South Asian country to boost overseas purchases, government and industry officials told Reuters. Relations soured after Prime Minister Justin Trudeau last …

India’s lentil imports from Canada surge despite diplomatic strains Read More »

NEW DELHI (Reuters) – India’s financial stability panel plans to roll out a uniform approach to verifying customers across the financial sector and prevent illegal lending based on online applications, it said on Wednesday. It is unclear when the plans will be enforced. Their announcement follows a meeting of the Financial Stability and Development Council …

India set to standardise ‘know your customer’ banking checks Read More »

By Jaspreet Kalra MUMBAI (Reuters) – From hiring analysts to scrutinise customer data to holding frequent meetings with executives, India’s financial regulator is bolstering oversight of fintech firms in a signal of an end to years of light-handed regulation of a key business sector. Those steps from the Reserve Bank of India (RBI) come after …

Exclusive-India regulator bolsters scrutiny of fintechs with more inspections Read More »