By Mayank Bhardwaj NEW DELHI (Reuters) – Indian farmers have planted 38.4 million hectares (94.8 million acres) with rice, up 4.3% on the same period last year, farm ministry data showed on Friday, as a revival in July monsoon rains and higher prices encouraged growers to boost acreage. Higher rice planting could alleviate supply concerns …
Indian farmers ramp up rice acres amid domestic supply concerns Read More »
NEW DELHI (Reuters) -India hopes to conclude talks over a free trade deal with Britain by the end of this year, India’s finance minister Nirmala Sitharaman said on Friday, amid consensus on broad contours of the pact meant to boost economic growth and jobs. Sitharaman spoke as Britain’s trade minister Kemi Badenoch visits India for …
India hopes to conclude free trade deal with Britain this year, finance minister says Read More »
By M. Sriram MUMBAI (Reuters) -Indian grocery startup Zepto said on Friday it has raised $200 million in fresh funding at a valuation of $1.4 billion, making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year. Zepto said it raised the funds “in the midst of the …
By Aditi Shah, Aditya Kalra and Nikunj Ohri NEW DELHI (Reuters) – India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The policy being considered …
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally Read More »
BENGALURU (Reuters) – India’s Vedanta Ltd will consider separately listing all or some of its businesses, which range from metals and mining to oil & gas and potentially chipmaking, billionaire Anil Agarwal said on Friday. “I have asked all my advisors and my people can we have all products (businesses that Vedanta operates) or some …
Indian billionaire Anil Agarwal mulls listing Vedanta businesses separately Read More »
BENGALURU (Reuters) -Shares of India’s Jio Financial Services (JFS) on Friday rose for the first time since its market debut on Monday, having hit its lower trading limit for five sessions. The stock rose as much as 4.7%, after opening down 5%. It swung repeatedly between gains and losses in extremely volatile trading and was …
India’s Jio Financial recovers after hitting lower limit for five sessions Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s markets regulator has exempted select global funds from tighter disclosures for offshore funds investing in the country with a large share of investments in one company. The rules, first suggested in May, will be enforced from Nov.1, according to a circular by the Securities and Exchange Board …
India’s markets regulator exempts select global hedge funds from tighter disclosures Read More »
By Swati Bhat and Ira Dugal MUMBAI (Reuters) – Retail inflation will return to the central bank’s comfort band of 2%-6% as vegetable prices soften, according to a member of India’s Monetary Policy Committee (MPC), who said the trajectory of inflation will be clearer once the recent spike ebbs. The spike in prices of items …
India inflation to return to comfort band once veg price shock ebbs – MPC’s Goyal Read More »
BENGALURU (Reuters) -Shares of Shoppers Stop slumped as much as 11.5% on Friday, a day after the Indian departmental store operator said its CEO Venugopal Nair resigned due to personal reasons. The stock was down 11.1% at 721.8 rupees as of 10:11 a.m. IST. The company promoted Chief Commercial Officer Kavindra Mishra as its new …
India’s Shoppers Stop tumbles over 11% after CEO resigns Read More »
(Reuters) – India’s market regulator on Thursday notified select offshore funds fulfilling certain conditions of new enhanced disclosure requirements, according to a circular on the regulator’s website. The Securities and Exchange Board of India (SEBI) said offshore funds that have more than 50% of their assets invested in a single corporate group will need to …
India’s market regulator announces new disclosures for select offshore funds Read More »
