Reuters India Business Archives - Page 894 of 1191

Two Adani Group firms to raise up to $2.57 billion from the market

13 May 2023 13 May 2023

By Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) -Two Adani group companies including the Indian conglomerate’s flagship firm announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down. India’s Adani Transmission said its board approved a plan to …

Two Adani Group firms to raise up to $2.57 billion from the market Read More »

Indian billionaire Ambani’s JioCinema unveils pricing in fight with Netflix, Disney

13 May 2023 13 May 2023

By Aditya Kalra and Aftab Ahmed NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix and Disney in the country. The move comes weeks after a …

Indian billionaire Ambani’s JioCinema unveils pricing in fight with Netflix, Disney Read More »

India’s SEBI to regulate platforms offering fractional ownership of real estate assets

13 May 2023 13 May 2023

By Jayshree P Upadhyay NEW DELHI (Reuters) – The Securities and Exchange Board of India (SEBI) has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors. Fractional ownership typically refers to small investment holdings of real estate assets. A number of web …

India’s SEBI to regulate platforms offering fractional ownership of real estate assets Read More »

Aviation watchdog issues warning on India over jet repo fight

12 May 2023 12 May 2023

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -India has been placed on a watchlist with a negative outlook by a global aviation leasing watchdog, which said it had failed to comply with international aircraft repossession norms after airline Go First was granted bankruptcy protection. The move by the Aviation Working Group, a UK-based …

Aviation watchdog issues warning on India over jet repo fight Read More »

Gold hits one-week low, set for weekly drop on stronger dollar

12 May 2023 12 May 2023

By Deep Kaushik Vakil (Reuters) – Gold prices fell to a one-week low on Friday, and are on track for a weekly dip, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was 0.3% lower at $2,010.57 per ounce by 11:40 a.m. EDT (1540 GMT), after falling as much …

Gold hits one-week low, set for weekly drop on stronger dollar Read More »

India’s April retail inflation eases to 18-month low on softer food price

12 May 2023 12 May 2023

By Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India’s (RBI) upper tolerance limit for the second consecutive month, as food prices eased. Annual retail inflation eased to 4.7% in April from 5.66% in the previous month, government data showed …

India’s April retail inflation eases to 18-month low on softer food price Read More »

India’s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years

12 May 2023 12 May 2023

BENGALURU (Reuters) – Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins. Net profit for the fourth quarter ended March 31 jumped about 80% to 32.23 billion rupees ($394.1 million) from 17.95 billion …

India’s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years Read More »

India starts inquiry into Google app payments antitrust compliance

12 May 2023 12 May 2023

By Aditya Kalra NEW DELHI (Reuters) -India’s competition watchdog has begun an inquiry into Google after some companies alleged the service fee the U.S. firm charges for in-app payments breaches an earlier antitrust directive, a regulatory order seen by Reuters showed on Friday. Tinder-owner Match Group and Indian startups have asked the watchdog to investigate …

India starts inquiry into Google app payments antitrust compliance Read More »

India cenbank’s Das says April inflation gives ‘confidence’ on monetary policy path

12 May 2023 12 May 2023

MUMBAI (Reuters) – A fall in April retail inflation to an 18-month low of 4.70% gave reassurance that India’s monetary policy is on the right track, central bank governor Shaktikanta Das said at an event in Mumbai on Friday. India’s retail inflation has now fallen sharply for two consecutive months to within the Reserve Bank …

India cenbank’s Das says April inflation gives ‘confidence’ on monetary policy path Read More »

Tata Motors posts record rev; sets first dividend in 7 years

12 May 2023 12 May 2023

By Nandan Mandayam and Chandini Monnappa BENGALURU (Reuters) -India’s Tata Motors on Friday posted a record quarterly revenue, declared its first dividend in nearly seven years and said it expects its luxury car unit, Jaguar Land Rover’s (JLR) free cash flow to nearly quadruple to top $2.50 billion this fiscal. The company, which also makes …

Tata Motors posts record rev; sets first dividend in 7 years Read More »