Reuters India Business

MILAN (Reuters) -Generali is confident it will finalise the acquisition of a bigger stake in its Indian joint venture Future Generali after an Indian court cleared the path for the deal last week, Chief Executive Philippe Donnet said on Tuesday. Italy’s biggest insurer agreed in January to buy a 25% stake in Future Generali India …

Generali confident of closing acquisition of additional stake in its Indian JV -CEO Read More »

By Aditya Kalra NEW DELHI (Reuters) -Dispute settlement talks between Amazon.com Inc and India’s Future Retail failed over the U.S. group’s demand for the return of at least $200 million it had invested in the Indian firm, two sources told Reuters. Amazon has for months blocked the $3.4 billion sale of Future’s retail assets to …

Exclusive-Amazon’s demand for $200 million sank settlement talks with India’s Future-sources Read More »

By Nidhi Verma and Rajendra Jadhav NEW DELHI (Reuters) – India is boosting fertiliser imports from nations including Canada and Israel to ensure sufficient supplies for the coming summer sowing season after the disruption of shipments caused by Russia’s invasion of Ukraine. India is a leading importer of fertilisers for its huge agriculture sector, which …

Exclusive-India boosts fertiliser imports from Canada, Israel as Russian supply disrupted Read More »

By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc said talks have failed to resolve a bitter dispute over Future Retail stores and accused both it and Reliance Industries of fraud in Indian newspaper ads on Tuesday. The U.S. e-commerce giant has been contesting a $3.4 billion sale of Future Group’s retail …

After talks with India’s Future fail, Amazon goes on the attack in newspaper ads Read More »

By Medha Singh (Reuters) – Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and …

Cryptoverse: Bitcoin’s scared of commitment, Mr Biden Read More »

NEW DELHI (Reuters) – Tata Group has appointed N Chandrasekaran as chairman of its Air India airline, a company spokesperson said on Monday, weeks after it acquired the former state-run carrier in a $2.4 billion equity and debt deal. Chandrasekaran is chairman of the autos-to-salt Tata Group and several of its companies, including Tata Motors. …

Tata appoints N Chandrasekaran as Air India chairman Read More »

By Bharat Gautam (Reuters) – Palladium slumped nearly 17% in a sharp correction after rallying to an all-time high on the Ukraine crisis, as worries eased that supplies of the autocatalyst metal from top producer Russia may be hit. Progress in Russia-Ukraine peace talks also drove a nearly 2% retreat in gold. Palladium XPD=, used …

Palladium dives about 17% as Russia supply fears recede Read More »