Reuters India Business

MUMBAI, Dec 12 (Reuters) – The head of India’s markets regulator said on Friday the agency is grappling with privacy concerns as it weighs a panel’s proposal requiring senior officers, including the chairperson, to disclose their financial assets and liabilities. The panel, which submitted its recommendations last month, argued that such disclosures by chief general …

India markets regulator faces privacy hurdles over asset disclosure proposal, chief says Read More »

By Sarah Qureshi Dec 12 (Reuters) – Silver prices fell nearly 3% on Friday after hitting an all-time high earlier in the session, as profit-taking set in, while gold rose to a seven-week peak. Spot silver fell about 3% to $61.7 per ounce by 01:46 p.m. ET (1846 GMT), after hitting a record high of …

Silver falls from record peak as investors book profits Read More »

By Jayshree P Upadhyay Dec 12 (Reuters) – India’s markets regulator said on Friday it had dropped a case of alleged insider trading in the shares of Adani Green Energy against Pranav Adani, director of several Adani group companies and nephew of its billionaire founder Gautam. The Securities and Exchange Board of India had said it …

India markets regulator drops case against Pranav Adani Read More »

By Rishika Sadam and Kashish Tandon Dec 12 (Reuters) – Novo Nordisk launched Ozempic in India on Friday, pricing the 0.25 mg dose at $24.35 per week and targeting a booming diabetes and obesity market expected to power industry growth this decade.  Ozempic will be sold in pen format in 0.25 mg, 0.5 mg and …

Ozempic launches in India at $24 a week as Novo targets booming diabetes market Read More »

NEW DELHI, Dec 12 (Reuters) – India’s cabinet on Friday permitted the export of coal as the country’s power plants have a surplus, information minister Ashwini Vaishnaw said. Power plants that have access to coal supply will be permitted to export up to 50% of their allocation and use coal flexibly across group companies. India, …

India approves coal exports amid healthy power station stocks Read More »

By Nikunj Ohri and Manoj Kumar NEW DELHI, Dec 12 (Reuters) – India’s retail inflation rose in November from a record low in the prior month but stayed below the central bank’s target range for the third straight month, data showed on Friday, leaving scope for another interest rate cut. The print suggests that retail …

India’s inflation rises from record low, but economists see scope for another rate cut Read More »