Reuters India Business

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – An Indian group representing Netflix, Amazon and Disney has told the government its new tobacco warning rules are impossible to implement for streaming giants and will impinge on content creators’ freedom of expression, a letter seen by Reuters showed. As part of India’s anti-tobacco drive, …

Netflix, Amazon, Disney-backed group protests India’s tobacco rules -letter Read More »

By M. Sriram MUMBAI (Reuters) – India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion IPO, two sources with direct knowledge said. The sources said Ola, which makes electric …

Indian scooter maker Ola Electric to kick off investor meet on IPO plans- sources Read More »

BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The planes will include five 737 Max aircraft, the Gurugram-based airline said, without disclosing the list price. As of June 2023, its fleet comprised …

India’s SpiceJet to induct 10 aircraft from September 2023 Read More »

BENGALURU (Reuters) -State Bank of India, the country’s largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit. SBI will raise the funds in rupee or any other convertible currency by issuing debt …

India’s top lender SBI to raise up to 500 billion rupees via debt in FY24 Read More »

By Ira Dugal and Siddhi Nayak MUMBAI (Reuters) – India’s HDFC Bank Ltd will keep home loans at the centre of its growth strategy after a merger with HDFC Ltd is concluded, with such credit likely to make up nearly a third of the bank’s portfolio going forward, two senior officials at the group said. …

India’s HDFC Bank to keep home loans as focus of growth strategy post merger – sources Read More »

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – India’s central bank may not cut the key lending rate before February unless inflation falls sharply or a global crisis unfolds, a top treasury official of Axis Bank said. On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected. However, …

India’s cenbank may not cut rate before Feb unless inflation skids, global crisis hits – Axis Bank treasurer Read More »