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BENGALURU (Reuters) – Indian baby products retailer FirstCry’s quarterly loss narrowed from a year earlier on the back of strong demand, it said on Friday in its first earnings report since going public earlier this month. The company’s consolidated net loss narrowed to 567.1 million rupees (about $7 million) in the quarter ended June 30, …

Indian baby products retailer FirstCry’s first-quarter loss narrows as demand swells Read More »

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – The Indian Banks’ Association is likely to ask the central bank to reduce the amount of additional funds lenders will need to set aside against some retail deposits and also seek a delayed and gradual implementation of the proposal, seven sources told Reuters. The Reserve Bank …

Indian banks’ body to seek easing of proposed norms for retail deposits, sources say Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee gained slightly on Friday on the back of inflows into local stocks but importers’ dollar demand limited the gains. The rupee was at 83.84 against the U.S. dollar as of 10:25 a.m. IST, against its close at 83.87 in the previous session. Despite expectations of inflows …

Rupee rises on equity inflows but importers’ dollar bids cap gains Read More »

By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares hit a fresh peak on Friday, tracking gains in regional peers, after U.S. economic data eased growth concerns, while investors await domestic quarterly growth data. The NSE Nifty 50 index was up 0.27% at 25,218.85 as of 10:15 a.m. IST, while the S&P BSE Sensex added 0.23% …

Indian shares hit record highs, set to post third straight monthly gain Read More »

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 »