Reuters India Business

By Milounee Purohit and Devayani Sathyan BENGALURU (Reuters) – India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth is forecast to have slowed to …

India to remain fastest-growing major economy, but demand uneven – Reuters poll Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -The board of India’s markets regulator on Saturday said it will regulate online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and …

India markets regulator to oversee online platforms offering fraction real estate assets Read More »

NEW DELHI (Reuters) – India will start blending compressed biogas with natural gas to boost domestic demand and cut reliance on natural gas imports, the government said in a statement on Saturday. The mandatory phased introduction will start at 1% for use in automobiles and households from April 2025, it said. The share of mandatory …

India announces phased introduction of biogas blending for domestic use Read More »

By Rajendra Jadhav and Harshit Verma (Reuters) – Top Asian hubs saw some selling of physical gold this week as people cashed in on relatively high prices, with lacklustre demand during the wedding season in India prompting dealers to offer steeper discounts. The bullion industry was hoping the momentum seen during the festival of Diwali …

Indian dealers widen discounts as wedding season demand slows Read More »

BENGALURU (Reuters) -Billionaire Warren Buffett’s Berkshire Hathaway has exited India’s Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Berkshire Hathaway’s BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of …

Buffett’s Berkshire Hathaway exits India’s Paytm in $165 million deal Read More »

By Rama Venkat BENGALURU (Reuters) – India’s Tata Technologies’ 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group’s first public float in nearly two decades. Investors bid for about 3.13 billion shares worth 1.56 trillion rupees ($18.74 billion) by the close of subscriptions …

India’s Tata Technologies’ IPO garners bids worth over $18 billion Read More »

(Reuters) – The Indian markets regulator on Friday proposed to ease certain provisions of the insider trading law, which will make it easier for management to trade in company shares without running afoul of the law, according to a discussion paper on the regulator’s website. The Securities and Exchange Board of India (SEBI) currently allows …

Indian markets regulator proposes to ease select insider trading provisions Read More »