MUMBAI (Reuters) -India on Wednesday restricted imports on plain gold jewellery, as the world’s second-largest consumer of the precious metal tries to plug loopholes in its trade policy. Import of articles of gold have been put under the restriction category from the free category, a government notification said, adding that import under the India-United Arab …
NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development banks, a framework for crypto assets and debt treatement of some countries, an Indian government official said Wednesday. India, which holds this year’s G20 presidency, will host global finance chiefs …
G20 finance chiefs set to discuss reforms to development banks, crypto, debt Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises has returned to the local corporate bond market for the first time since January when a U.S.-based short-seller’s scathing report sparked a rout in the group’s securities, but had to pay a higher rate to raise funds. The company raised 12.50 billion rupees …
India’s Adani Enterprises makes first rupee bond market foray since Hindenburg Read More »
BENGALURU (Reuters) -Shares of Indian casino operator Delta Corp lost more than a quarter of their value and other online gaming firms slid on Wednesday, after the country’s Goods and Services Tax (GST) Council imposed a 28% tax on funds that such companies collect from their customers. The move is a blow to the $1.5 …
India’s Delta casino plunges 30% on tax blow, gaming firms slide Read More »
(Reuters) – Singapore-based private equity firm Quadria Capital said on Wednesday it will invest up to $155 million in India’s Maxivision Eye Hospital. Quadria, which focuses on healthcare investments around South and Southeast Asia, said it will make an initial investment of about $75 million for a minority stake and a further investment of up …
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed early gains on Wednesday, dragged by information technology (IT) stocks ahead of Tata Consultancy Services and HCLTech’s quarterly results, and as caution prevailed ahead of domestic and U.S. inflation data. The Nifty 50 index was down 0.04% at 19,430.50, while the S&P BSE Sensex fell 0.05% to …
Indian shares reverse gains ahead of inflation data, IT earnings Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Nearly two dozen central banks across emerging and advanced economies …
India cenbank calls on more lenders to offer digital rupee – sources Read More »
By Aditya Kalra and Yuvraj Malik NEW DELHI (Reuters) -Walt Disney is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday. The talks are in a “very, very nascent” stage and no potential buyer or partner has been approached …
Disney exploring sale or partners for India business, source says Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose on Wednesday as the dollar slipped ahead of the U.S. inflation data, with the local currency nearing a zone, that traders said, it may find difficult to overcome. The rupee was at 82.29 to the U.S. dollar, up from 82.3650 in the previous session. The …
Rupee gains on dollar’s dip, but nears resistance zone Read More »
By Brijesh Patel and Ashitha Shivaprasad (Reuters) – Gold prices edged higher on Tuesday as the dollar and bond yields fell ahead of U.S. inflation data that could offer more cues on the Federal Reserve’s rate-hike path. Spot gold was up 0.4% at $1,931.83 per ounce by 02:11 p.m. EDT (1811 GMT), set for a …
Gold gains as dollar, yields slip ahead of US inflation data Read More »
