BENGALURU (Reuters) -India’s Paytm plunged as much as 20% on Thursday, its steepest decline since listing two years ago, as the digital payments firm plans to give out fewer low-value personal loans after the Reserve Bank of India (RBI) tightened rules on consumer lending. The non-bank lender said on Wednesday it will go slow on …
India’s Paytm tumbles on plan to curtail low-value personal loans Read More »
HOUSTON (Reuters) – Venezuelan state oil company PDVSA has assigned loading windows this month to two vessels bound for India under crude spot deals with Italy’s ENI and U.S.-based Chevron following a temporary relief of U.S. sanctions on the country, a company document showed. Indian refiners including Reliance Industries, Indian Oil Corp and HPCL-Mittal Energy …
Venezuela’s PDVSA authorizes first two oil cargoes to India after sanctions relief Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said on Wednesday. Lower diversion for ethanol will help the world’s second biggest sugar …
India plans to discourage ethanol production to prioritise sugar-sources Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold firmed on Wednesday as Treasury yields eased, stabilizing after a rapid retreat from a record high hit earlier this week, while investors braced for the U.S. jobs report for further clues on how soon interest rate cuts may materialize. Spot gold rose 0.3% to $2,025.09 per ounce by …
Gold firms as spotlight shifts to US job numbers Read More »
By Elisa Anzolin MILAN (Reuters) – Italian infrastructure group Mundys aims to strengthen its toll roads presence in the United States, Chile and Europe and is exploring expansion in India and Australia, its CEO said. Mundys, which is controlled by the Benetton family’s holding company Edizione and was previously known as Atlantia, operates motorways, mainly …
Italian road and airport operator Mundys explores India, Australia expansion Read More »
By Ashna Teresa Britto and Kashish Tandon BENGALURU (Reuters) -India’s TV18 Broadcast will merge with Network18 Media & Investments in a $1.2 billion deal that will help the Reliance-owned companies expand their reach and cut costs, they said on Wednesday. The all-stock deal will consolidate the Mukesh Ambani-owned Reliance’s broadcast and digital businesses, which include …
India’s TV18 Broadcast to merge with Network18 in $1.2 billion deal Read More »
BENGALURU/HYDERABAD (Reuters) – (This Dec. 5 story has been corrected to clarify that the Telegraph report said that Apollo was embroiled in a ‘cash for kidneys’ racket and to remove reference to Apollo Hospitals Group enticing young villagers from Myanmar to sell their kidneys to rich patients around the world in paragraph 2) India’s Indraprastha …
India’s Apollo Hospitals’ operator rejects allegations of illegal kidney transplants Read More »
BENGALURU (Reuters) – India’s Hindustan Zinc on Wednesday declared a dividend for the second time this fiscal, amounting to 25.35 billion rupees ($304.28 million), of which the major benefactor will be cash-strapped Vedanta, holding a 64.9% stake. The dividend of six rupees per share is below the seven rupees that the company had announced in …
India’s Hindustan Zinc sets second dividend for FY24, Vedanta key benefactor Read More »
(Reuters) – Apple has informed component suppliers of its preference to source batteries for the forthcoming iPhone 16 from Indian factories, the Financial Times reported on Wednesday. (Reporting by Shivani Tanna in Bengaluru; Editing by Nivedita Bhattacharjee)
NEW DELHI (Reuters) – The Indian government on Wednesday sought parliament’s approval for additional spending of 1.29 trillion rupees ($15.48 billion) in the current fiscal year, mainly towards higher subsidies for farmers and a rural job employment programme. The government said the net additional spending for the current fiscal year ending March 31, would be …
Indian govt seeks parliament nod for extra spending for FY24 Read More »
