Reuters India Business

By Jaspreet Kalra and Siddhi Nayak MUMBAI (Reuters) – India’s largest banks have begun to audit their own and borrowers’ carbon footprint as they try to mitigate financial risks amid growing pressure from regulators and investors to better align their ESG reporting with global norms, a dozen sources told Reuters. The South Asian nation is …

Indian banks assess carbon risk of loan book amid investor, cenbank push- sources Read More »

By Siddhi Nayak MUMBAI (Reuters) -Grounded Indian airline Go First has received an expression of interest (EoI) from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters. An EoI is the first step in the bidding process and may not result in a financial bid. “Jindal Power was the …

India’s Go First airline gets expression of interest from Jindal Power – sources Read More »

By Hritam Mukherjee BENGALURU (Reuters) -Bharti Group will acquire French insurer AXA’s 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. It was not immediately clear if the deal marks the French insurer’s exit from the …

India’s Bharti Group to buy out French partner AXA’s stake in JV Read More »

By Sethuraman N R BENGALURU (Reuters) -India’s Tata Consultancy Services reported weaker-than-expected quarterly revenue on Wednesday and warned that its clients were still hesitant to spend on discretionary projects amid inflationary pressures and high interest rates. The company’s consolidated revenue from operations rose 7.9% to 596.92 billion rupees for the second quarter ended Sept. 30, …

India’s TCS flags weak client spending after Q2 revenue miss Read More »

By Nidhi Verma NEW DELHI (Reuters) – The average price of Russian oil delivered to India in August rose to the highest level since G-7 nations imposed a price cap in December last year, Indian government data showed, indicating narrowing discounts. India received Russian oil at an average price of about $86 per barrel, compared …

Russian oil price to India for August hits highest since December Read More »

By Sarita Chaganti Singh and Nidhi Verma NEW DELHI (Reuters) – India wants Saudi Arabia’s Aramco to participate in its planned 6.5 million metric tons (MMT) strategic petroleum reserve (SPR) programme as the South Asian nation wants to strengthen ties with its key oil supplier, according to a document seen by Reuters.     The two …

India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen Read More »

By Jayshree P Upadhyay and Krishn Kaushik (Reuters) – India’s market regulator is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules, two sources with direct knowledge of the matter said. The fund is called Gulf …

Exclusive-India regulator probing ties between Adani Group and Gulf Asia fund, say sources Read More »