Reuters India Business

By Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that …

Global rules leave crypto firms with no place to hide, says G20 watchdog Read More »

NEW DELHI (Reuters) – Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement. Indian Finance Minister Nirmala Sitharaman, meeting Freeland on the sidelines of gathering of Group of 20 …

Canadian pensions funds keen to invest in India, India says Read More »

By Aditya Kalra NEW DELHI (Reuters) – China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea’s Samsung. E-commerce sales in India via Amazon and Walmart’s Flipkart have surged …

China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry Read More »

(Reuters) -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter. The Indian steelmaker is in discussions with banks over potential financing for the acquisition, which may total about $2 …

India’s JSW Steel considering bid for stake in Teck coal unit – Bloomberg News Read More »

By Aftab Ahmed NEW DELHI (Reuters) – India’s new 28% tax on online gaming companies will stifle foreign investment and put $2.5 billion already invested in the sector at risk, more than 100 gaming firms have said in a letter to India’s finance ministry. India this week announced the tax on the funds that online …

Indian gaming firms say new tax will stifle foreign investment Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) – India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating dollar conversions. During a visit by India’s Prime Minister Narendra Modi to the UAE on Saturday, the …

India ties up with UAE to settle trade in rupees Read More »

(Reuters) – The Indian government on Friday raised the windfall tax on petroleum crude to 1,600 Indian rupees ($19.49) per metric ton from zero, according to a government notification. The changes will take place from Saturday, the country’s Ministry of Finance said in a notification, adding that the government has left the windfall tax on …

India raises windfall tax on petroleum crude Read More »

By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi’s visit to Abu Dhabi on Saturday, industry and government sources said. Sources said on Friday that India would use …

Rupee-UAE dirham trade mechanism may launch during Modi visit Saturday -sources Read More »