Reuters India Business

BENGALURU (Reuters) -Infosys, India’s No.2 IT services provider, signed a $454-million contract with Denmark’s Danske Bank on Monday, at a time when the broader sector is struggling with a slowdown in an uncertain global economy. The IT company will help digitize the lender’s core business and add more cloud and data facilities to it, including …

India’s Infosys signs $454-million deal with Danske Bank Read More »

By Aditya Kalra NEW DELHI (Reuters) – Indian education technology giant Byju’s, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said. Deloitte said on Thursday it was severing ties with Byju’s, …

India’s Byju’s tells investors it will file 2022 earnings by Sept -source Read More »

By Indranil Sarkar and Chandini Monnappa BENGALURU (Reuters) – Fresh troubles at Indian edtech startup Byju’s this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters. Auditor Deloitte and three prominent board members severed ties with …

Byju’s staff say morale waning amid turmoil at Indian edtech firm Read More »

AMSTERDAM (Reuters) – Hundreds of environmental activists wearing red jumpsuits marched with flags and banners on Saturday into the grounds of Tata Steel’s plant in the Dutch city of Ijmuiden to protest over air and soil pollution in the surrounding area. Led by Greenpeace, the activists were joined by local residents who say the Indian …

Environmental activists protest at Dutch Tata Steel plant Read More »

NEW DELHI (Reuters) -Amazon.com Inc said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon’s cloud computing …

Amazon raises investment in India to $26 billion by 2030 Read More »

By Deep Kaushik Vakil (Reuters) -Gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed by a stronger dollar and hawkish comments by Federal Reserve officials. Spot gold rose 0.3% to $1,919.99 per ounce as of 2:19 p.m. EDT (1819 GMT), after adding as much as 1.2% on …

Gold on track for worst week since Feb on hawkish Fed Read More »

By Aditya Kalra, Munsif Vengattil and Indranil Sarkar (Reuters) -All three global investors at Byju’s confirmed on Friday that their representatives had resigned from the board of the once high-flying Indian startup that has been battling pressure from lenders amid a steep drop in its valuation. The resignations of GV Ravishankar of Peak XV Partners, …

Indian edtech Byju’s global investors confirm board exits Read More »

By Swati Bhat MUMBAI (Reuters) – Bringing down inflation, as well as market and household expectations of future inflation would be key to reviving private capital expenditure, the Reserve Bank of India said in its monthly bulletin released on Friday. “Recent national accounts data and corporate results when read in conjunction clearly show that inflation …

Bringing down inflation key to reviving private capex in India – RBI bulletin Read More »

NEW DELHI (Reuters) – India has seen over 72% of withdrawn 2,000 rupee currency notes deposited or exchanged at banks so far, a month after the withdrawal started, broadcaster CNBC TV18 reported on Friday, citing sources. (Reporting by Shivam Patel in New Delhi)