Reuters India Business

Disney sets India cricket viewership record for TV, streaming during world cup

By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Walt Disney said on Thursday its TV channels in India and digital streaming platform both set new viewership records in the recently concluded men’s cricket World Cup. A record 518 million viewers from India watched matches during the 48-day event on TV, while Disney’s streaming app recorded a peak …

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India non-bank body appeals to cenbank to review recent risk weight increase

MUMBAI (Reuters) – A representative body of non-banking financial companies (NFBCs) has requested the central bank to re-evaluate the sharp increase in risk weights assigned to bank loans to NBFCs, according to a letter sent to the regulator on Thursday and seen by Reuters. The Reserve Bank of India last week increased the risk weights, …

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Exclusive-India plans to ask ONGC to consider rights issue to fund HPCL -sources

By Nidhi Verma NEW DELHI (Reuters) – India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan …

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Dry soil makes Indian farmers wary of planting wheat, despite rally

By Rajendra Jadhav SATARA, India (Reuters) – India’s wheat planting is expected to remain stagnant despite a rally in prices to near record highs, as lower soil moisture prompts farmers in some areas to switch to less water-intensive crops, industry officials and scientists told Reuters. Limited planting area, along with the threat of higher-than-normal first-quarter …

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India’s Honasa Consumer surges 20% as Q2 profit nearly doubles

BENGALURU (Reuters) -Shares of Honasa Consumer jumped 20% on Thursday, a day after the parent of beauty-and-personal care products maker Mamaearth reported a quarterly profit surge. Honasa’s shares hit the upper circuit at 423.75 rupees, as of 10:02 a.m. IST. Honasa’s profit for the quarter ending Sept.30 nearly doubled to 294.4 million rupees ($3.54 million) …

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India stocks set to hit new highs in 2024 as economy hums: Reuters poll

By Devayani Sathyan and Shaloo Shrivastava BENGALURU (Reuters) – India’s stock market will hit new highs in the next six months and rise over 10% from here by end-2024, driven by a sustained expansion in the fastest-growing major economy, according to a Reuters poll of equity strategists. Those same strategists also said in response to …

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India’s RMZ to invest $7 billion to expand real estate business

By Hritam Mukherjee BENGALURU (Reuters) – Indian office landlord RMZ Corp said on Wednesday it will invest $7 billion to diversify into four new segments, in a bid to more than double the value of its rent-yielding real estate assets to $40 billion by 2029. The privately-held firm, whose rent-yielding assets are currently valued at …

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India’s Tata Technologies shines in busy week for IPOs

By Rama Venkat BENGALURU (Reuters) -India’s Tata Technologies’ 30.43 billion-rupee ($366 million) initial public offering on Wednesday was oversubscribed more than the other four IPOs this week, signalling strong demand for the Tata Group’s first public float in nearly two decades. Tata Technologies, which provides engineering and technology services to auto, aero and heavy machinery makers, will be …

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