Reuters India Business

Indian bond yields jump, rupee strengthens as RBI eyes policy normalisation

8 Apr 2022

By Sethuraman N R BENGALURU (Reuters) – Indian bond yields jumped to near three-year highs and the rupee strengthened after the central bank hinted at gradually moving away from its ultra-loose monetary policy to counter inflation. Stocks ended higher after three sessions of losses. The NSE Nifty 50 index .NSEI saw a late surge, ending …

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India cbank holds rates but starts to rein in loose policy as inflation risks rise

8 Apr 2022

By Swati Bhat and Aftab Ahmed MUMBAI (Reuters) -The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept its key lending rate at a record low, as its priorities shifted to fighting surging inflation in the wake of the Russia-Ukraine war. In …

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Drinks firms spooked as India refuses to exempt some plastic straws from ban

8 Apr 2022

By Aditya Kalra and Neha Arora NEW DELHI (Reuters) – India has rejected demands from large global and domestic beverage firms to exempt some plastic straws from a ban that takes effect on July 1, fanning fears of disruption in a multi-billion-dollar industry. The ban on items such as straws packaged with small packs of …

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UAE’s IHC to invest $2 billion in Adani Group’s companies

8 Apr 2022

DUBAI (Reuters) – International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group’s portfolio companies. It will provide capital to Adani Green Energy Ltd, Adani Transmission Ltd and Adani Enterprises Ltd which all are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) …

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HP soars 14.8%, sets record after Buffett reveals $4.2 billion stake

7 Apr 2022

By Jonathan Stempel (Reuters) -HP Inc’s stock soared to a record high on Thursday after billionaire Warren Buffett’s Berkshire Hathaway Inc said it had taken an 11.4% stake valued at about $4.2 billion in the maker of personal computers and printers. Berkshire revealed in a Wednesday night regulatory filing that it owned nearly 121 million …

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Amazon faces shareholder vote on treatment of warehouse workers

7 Apr 2022

By Simon Jessop and Ross Kerber LONDON (Reuters) -Amazon.com Inc., the world’s biggest retailer, will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top U.S. securities regulator turned down the company’s request to skip the resolution. The decision means Amazon investors will get to vote on …

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India’s Tata launches “super app” in e-commerce challenge to Amazon, Walmart

7 Apr 2022

MUMBAI (Reuters) – India’s Tata Group on Thursday launched its much-awaited e-commerce “super app” offering everything from apparel to air tickets in a renewed push for a slice of a fast growing market dominated by Amazon.com and Walmart’s Flipkart. Tata Neu, which has been in the works for about two years, is a single platform …

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