Reuters India Business

By Nimesh Vora MUMBAI (Reuters) – JPMorgan’s inclusion of Indian sovereign bonds in its flagship emerging market debt index will likely increase the volatility in capital flows and in the rupee, bankers said on Friday. Indian bonds will be included in the JPMorgan’s widely tracked emerging market index from June 28, 2024, extended over 10 …

India’s inclusion in global bond index could spark higher FX volatility – bankers Read More »

BENGALURU (Reuters) -Shares of Wipro slid almost 3% on Friday, a day after long-serving CFO Jatin Dalal resigned in a surprise move, the latest senior level exit at the fourth-largest Indian IT services provider. Dalal’s exit follows those of Chief Operations Officer Sanjeev Singh and several senior vice presidents as Wipro wades through a years-long …

India’s Wipro slides after CFO Dalal resigns in latest high-profile exit Read More »

BENGALURU (Reuters) – India’s market regulator said on Thursday it will remove penalties on companies which were unable to meet a mandatory bond market borrowing quota. The Securities and Exchange Board of India (SEBI) had first proposed these changes last month after getting feedback from the market that borrowing from banks continues to be more …

India’s market regulator relaxes rules for mandatory bond market borrowing Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) – India is unlikely to export sugar in 2023-24 season as output will be less than a year earlier, Kona Haque, head of research at ED&F Man Commodities said on Thursday. Nearly a month ago government sources told Reuters that India is expected to ban mills from exporting sugar in the next season …

India unlikely to export sugar in 2023/24 season, says ED&F Man Commodities Read More »

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Indian billionaire Mukesh Ambani’s broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming …

Ambani’s Viacom18 to strike deal with Blackstone for new Mumbai HQ – sources Read More »

By Neha Arora NEW DELHI (Reuters) -India’s JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada’s Teck Resources, a source close to the discussions said, in the first sign that a diplomatic spat is affecting trade ties. Ties between India and Canada deteriorated sharply after …

Exclusive-India’s JSW Steel slows process to buy stake in Canada Teck coal unit -source Read More »

By Kashish Tandon BENGALURU (Reuters) – Global contraceptive makers are betting on condom-shy India becoming their biggest growth market, following the blockbuster IPO of a domestic prophylactic maker just weeks after the U.N. said the country would become the most populous by mid-year. With population decline and aging societies in major markets such as Europe, …

Analysis-Condom-shy India arouses interest of global contraceptive makers Read More »