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MUMBAI (Reuters) – Diamond miner De Beers is partnering with India’s Tanishq to promote natural diamonds in India, which has surpassed China to become the world’s second-largest diamond market after the United States. The two companies said in a joint statement they had agreed a long-term strategic collaboration to educate Indian consumers, build confidence in …

De Beers partners with Tanishq to promote natural diamonds in India Read More »

By Aditya Kalra and Nandan Mandayam BENGALURU (Reuters) -Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India’s favourite sport. The Competition Commission of India (CCI) said the deal had been approved …

Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger Read More »

BENGALURU (Reuters) -Apple signed a content deal with Indian telecoms operator Bharti Airtel late on Tuesday in its push for a larger slice of the country’s $28 billion entertainment market. Here are the streaming platforms that dominate Indian screens: Disney+Hotstar: Owned by Walt Disney, Disney+Hotstar is the market leader in the country’s streaming landscape with …

Factbox-Top streaming platforms in content-hungry India Read More »

BENGALURU (Reuters) -India’s Paytm has received an approval from the country’s finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India’s banking regulator and financial crime-fighting agency after the central bank ordered it to wind down …

India’s Paytm gets government nod for investment in payments arm Read More »

KOLKATA (Reuters) -Protesters blocked train tracks, stopped buses and shouted slogans in the eastern Indian state of West Bengal on Wednesday, the latest in a series of protests that have rocked the state since the rape and murder of a trainee doctor. Police fired tear-gas and water cannon to disperse protesters marching towards the state …

Protesters block train tracks, buses in eastern India Read More »

OTTAWA (Reuters) – Canadian police have warned an aide to a Sikh leader who was assassinated in British Columbia last year, of an increased threat to his life, a prominent Sikh separatist said on Tuesday. Gurpatwant Singh Pannun said police in the province of Ontario, working with the Royal Canadian Mounted Police, had issued a …

Canadian police warn Sikh aide of threat to life, says leading separatist Read More »

By Amlan Chakraborty NEW DELHI (Reuters) – India’s Jay Shah will succeed New Zealander Greg Barclay as chairman of the International Cricket Council (ICC) later this year, the governing body said on Tuesday. The 35-year-old Shah, son of Prime Minister Narendra Modi’s home minister Amit Shah, will be the youngest ever ICC chairman when be …

Cricket-India’s Shah elected ICC chief after Barclay steps aside Read More »

By Nivedita Bhattacharjee and Tanvi Mehta BENGALURU (Reuters) – India’s space agency expects a 20%-30% increase in its budget in the coming years, its head said in a Reuters NEXT Newsmaker interview on Tuesday, describing the agency’s rocket launch prices as on a par with SpaceX’s, though without giving details. In a wide-ranging interview, Indian …

REUTERS NEXT-India’s space agency chief sees higher funding Read More »

NEW DELHI (Reuters) – India’s goods and services tax (GST) council will discuss rationalisation of the GST rates and brackets in its next meeting, expected to be held on Sept. 9, the finance minister said on Tuesday. The government has said that it wants change GST rates and reduce the number of brackets, referring to …

India goods and services tax council to discuss rationalisation of rates, minister says Read More »

MOSCOW (Reuters) – Russian President Vladimir Putin had a phone call on Tuesday with Indian Prime Minister Narendra Modi, the Kremlin said without providing immediate details. Modi visited Ukraine last week and discussed the situation there, among other topics, with U.S. President Joe Biden on Monday. (Reporting by Gleb Stolyarov; Writing by Lucy Papachristou)