Reuters India Business

BENGALURU (Reuters) – Indian software services exporter Infosys and Liberty Global have signed a 1.5 billion euro ($1.64 billion) agreement to evolve and scale the communications firm’s digital entertainment and connectivity platforms, the companies said. The 5-year agreement, which has an option to be extended to 8 years and beyond, will have Infosys taking over …

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By Jayshree P Upadhyay (Reuters) – India’s market regulator said on Monday companies could offer their shareholders fixed prices for shares as an alternate mechanism to delist from stock exchanges. The Securities and Exchange Board of India (SEBI) floated this idea in a consultation paper released on its website. Such a paper is the first …

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(Reuters) -Adani Enterprises, Indian billionaire Gautam Adani’s flagship firm, said on Monday it would buy the remaining 51% stake in Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. Quintillion, in which Adani bought a 49% stake for 478.4 million Indian rupees ($5.75 million) in March last year, was his …

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By Jayshree P Upadhyay (Reuters) -India’s market regulator on Monday barred Punit Goenka from the boards of four Zee Group companies, including Zee Entertainment Ltd, and questioned his proposed role in the planned merger between ZEEL and the Indian unit of Japan’s Sony Group. The Securities and Exchange Board of India (SEBI) also said in …

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(Reuters) – India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made payment to Abu Dhabi National Oil Company …

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BENGALURU (Reuters) – Indian telecom operator Vodafone Idea said on Monday a shareholder had committed to provide up to 20 billion rupees ($240.54 million) to the company to meet its payment obligations. The company’s total gross debt as of June 30 stood at 2.12 trillion rupees, comprising deferred spectrum payment obligations of 1.34 trillion rupees …

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BENGALURU (Reuters) -Shares of Adani Group companies fell between 3% and 6% on Monday after Deloitte resigned as auditor of Adani Ports, the first such move at the Gautam Adani-led conglomerate since U.S. short-seller Hindenburg’s report on the company in January. Deloitte, Adani Ports’ auditor since May 2017, quit amid concerns over certain related party …

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NEW DELHI (Reuters) – India’s merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday. Economists expected a July trade deficit of $21 billion, according to a Reuters poll. Merchandise exports stood at $32.25 billion, while imports were $52.92 …

India’s merchandise trade deficit at $20.67 billion in July Read More »