BENGALURU (Reuters) – India’s Aditya Birla Fashion and Retail Ltd (ABFRL) said on Tuesday it would buy exclusive rights to sell global sportswear brand Reebok’s products both online and offline in the Indian market. Shares of ABFRL jumped 4.6% to 279 rupees after the announcement. The deal will be effective once the global ownership of …
India’s Aditya Birla Fashion to buy exclusive rights to Reebok in India Read More »
By Nidhi Verma NEW DELHI (Reuters) – State-run Mangalore Refinery and Petrochemicals Ltd aims to continue operating its southern India refinery at full capacity on improved cracks and as it commissions a desalination plant to improve water supply, its managing director said. The refiner has been cutting its crude processing for decades, mainly during the …
India’s MRPL operating refinery at full capacity, eyes profit in FY22 Read More »
By Sankalp Phartiyal NEW DELHI (Reuters) – Indian internet firm Grofers on Monday rebranded itself Blinkit as its CEO promised to speed up deliveries of everything from groceries to electronics in a burgeoning market dominated by Walmart’s Flipkart and Amazon’s local unit. The SoftBank-backed firm, which until now has focused mainly on grocery deliveries, has …
India’s Grofers renames itself Blinkit with eye on faster deliveries Read More »
BENGALURU (Reuters) – India’s retail inflation accelerated in November, led by a rise in food prices, but remained within the medium-term target of the central bank, strengthening views that the bank could keep interest rates on hold at its next meeting in February. Consumer prices rose 4.91% in November from the same month last year, …
Instant View: India’s November retail inflation climbs to 4.19% y/y Read More »
BENGALURU (Reuters) – MapmyIndia, which powers Apple maps in India, received bids worth 1.13 trillion rupees ($14.92 billion) in its initial public offering, or 154.71 times the shares on offer, signalling strong confidence in the company’s growth prospects. Investors bid for 1.09 billion shares of MapmyIndia, also known as CE Info Systems Ltd, compared with …
MapmyIndia’s IPO attracts $15 billion of bids as subscription closes Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s retail inflation accelerated in November, led by a rise in food prices, but remained within the medium-term target of the central bank, strengthening views that the bank could keep interest rates on hold at its next meeting in February. Consumer prices rose 4.91% in November from the …
India’s November retail inflation climbs to 4.91% y/y Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s third largest refiner Bharat Petroleum Corp Ltd said on Monday it has tied up with the country’s nuclear research institute for an electrolyser technology for green hydrogen as it seeks to achieve net zero emissions by 2040. India, the world’s third biggest greenhouse gas emitter, is aiming …
Indian refiner BPCL tie-up with nuclear institute in net zero push Read More »
By Vishwadha Chander BENGALURU (Reuters) -Indian shares gave up gains to end lower on Monday, weighed by shares of Reliance Industries, ahead of retail data that could provide a glimpse into the inflation picture in the country. The blue-chip NSE Nifty 50 index ended 0.82% lower at 17,368.25, and the benchmark S&P BSE Sensex fell …
Indian shares fall as Reliance weighs, investors await inflation data Read More »
MUMBAI (Reuters) – India’s largest syringe and needle manufacturer has urged Prime Minister Narendra Modi to revoke an order to suspend production, part of a broader factory shutdown imposed by a state regulator to curb heavy pollution in the region. Hindustan Syringes and Medical Devices (HMD) has shuttered its factories on the outskirts of New …
India’s top syringe maker asks PM Modi to lift factory shutdown order Read More »
(Reuters) – Better.com Chief Executive Officer Vishal Garg is taking time off with immediate effect, Vice reported on Friday, citing an email from the digital mortgage company’s board. Garg apologized earlier this week for his manner of handling layoffs at the mortgage company after a video of him firing 900 people via a Zoom call …
Better.com CEO taking time off with immediate effect- Vice Read More »
