Reuters India Business

BENGALURU (Reuters) -India’s Zee Entertainment reported a lower third-quarter revenue on Tuesday due to weak advertising demand and the broadcaster said it expects certain costs related to its failed merger with Sony India. Zee’s operating revenue fell 3% to 20.46 billion Indian rupees ($246.27 million) for the quarter, while expenses rose 5.4%. The company’s profit, …

Zee Entertainment Q3 revenue falls on weak advertising demand Read More »

By Krishna N. Das NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi could make labour reforms, cleared by parliament in 2020, a priority if he wins the upcoming general elections as widely expected, a spokesperson for his party said on Tuesday. Opinion polls suggest Modi’s nationalist Bharatiya Janata Party (BJP) will easily win the …

India’s Modi may prioritise labour reform if he wins polls, party says Read More »

MUMBAI/BENGALURU (Reuters) – India’s biggest commodity exchange, the Multi Commodity Exchange (MCX), said on Tuesday trading has resumed on its commodity derivatives platform after a four-hour delay due to a technical hitch. MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India, a leading importer of these …

Trading at India’s MCX resumes after 4-hour delay due to technical snag Read More »

BENGALURU (Reuters) -Paytm’s shares dropped 10% to a new record low on Tuesday, after brokerage Macquarie said the Indian payments firm faces “an arduous task” to shift customers to other banks by the central bank-set February-end deadline. The Reserve Bank of India (RBI), on Jan. 31, ordered Paytm affiliate Paytm Payments Bank to shut most …

Paytm hits fresh lows as Macquarie sees “arduous” path for embattled payments firm Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India has narrowed the gap with China in MSCI’s Global Standard index, which tracks emerging market stocks for investors, after the latest revision. Index provider MSCI raised India’s weightage in the index to an all-time high of 18.2% on Tuesday, which could lead to inflows of about $1.2 billion, analysts …

India narrows gap with China in key MSCI index with weight hitting new high Read More »

By Sai Ishwarbharath B BENGALURU (Reuters) -LTIMindtree, India’s No.6 IT services provider by revenue, has identified two internal candidates for the top job as it is unlikely to extend CEO Debashis Chatterjee’s term that is set to end next year, according to two persons familiar with the matter. Chief Operating Officer Nachiket Deshpande and President …

India’s LTIMindtree grooms two insiders for CEO job, sources say Read More »

BENGALURU (Reuters) – JSW Steel and Japan’s JFE Steel will invest 55 billion rupees (around $663 million) in an Indian joint venture to produce grain-oriented electrical steel, JSW said on Tuesday. Grain-oriented electrical steel is a key component used in the manufacture of a variety of transformers such as distribution transformers, power transformers and small …

JSW Steel, Japan’s JFE Steel to invest $663 million in India JV Read More »