Reuters India Business

By Indranil Sarkar, Arpan Chaturvedi and Jayshree Pyasi BENGALURU (Reuters) -India has amended its insolvency law to exclude leased aircraft from assets that can be frozen, a long-awaited move expected to shore up the financing of its fast-growing airline industry by addressing discrepancies between global and local rules. The rule change, disclosed in a government …

India amends insolvency rules in wake of jet leasing dispute Read More »

By Nikunj Ohri NEW DELHI (Reuters) – India’s Goods and Services Tax (GST) Council is expected to decide whether tax will be levied on corporate and personal guarantees on loans or debt issuances, according to a source. Such a tax has long been under debate in the country. The decision will be taken by the …

India’s GST Council to decide on taxing corporate, personal guarantees- source Read More »

By Nikunj Ohri NEW DELHI (Reuters) – India’s retail inflation is likely to ease by December as seasonal factors become more favourable, Finance Secretary T V Somanathan told Reuters late on Tuesday. India’s retail inflation remained above the upper end of the central bank’s 2%-6% tolerance band for a second consecutive month in August, though …

India’s retail inflation likely to ease by December – finance secretary Read More »

BENGALURU (Reuters) -Reliance Retail, India’s largest retailer, will buy UK-based Superdry’s licenses and brand assets in three Asian countries for 40 million pounds ($48 million), expanding its tie-ups with foreign brands and giving the struggling UK fashion retailer much-needed funds. Superdry’s shares jumped 18% to a near two-month high on Wednesday after the company said …

UK’s Superdry sells S. Asia licenses to India’s Reliance Retail for $48 million Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, five dealers told Reuters. Lower purchases by the world’s biggest importer of vegetable oils could lead to higher stocks of palm oil …

India’s palm imports fall more than a quarter in Sept as stocks surge -dealers Read More »

By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is widely expected to keep key rates on hold when it announces its decision on Friday but the recent uptick in global crude oil prices and sustained economic growth are likely to keep its focus on inflation. All but one of the 71 economists surveyed …

India cenbank seen holding rates steady Friday but striking hawkish tone Read More »

By Dhwani Pandya MUMBAI (Reuters) -Abu Dhabi conglomerate International Holding Co (IHC) said on Tuesday it has increased its stake in India’s Adani Enterprises to more than 5%, days after it sold its stakes in two other Adani Group companies. IHC said its stake increase reflected its belief in Adani Enterprises’ (AEL) ability to “incubate” …

Abu Dhabi’s IHC raises stake in India’s Adani Enterprises Read More »