By Manoj Kumar and Francis Mascarenhas NEW DELHI/MUMBAI (Reuters) – More than 1,000 Indian opposition party supporters demonstrated in New Delhi, Mumbai and other state capitals on Thursday, demanding a probe into the market regulator chief’s alleged conflict of interest in investigating the Adani Group. The regulator is investigating allegations by U.S.-based short-seller Hindenburg Research, …
By Swati Bhat MUMBAI (Reuters) – Rising food prices have prevented India’s headline inflation from hitting the central bank’s 4% target, requiring the monetary policy committee (MPC) to stick to its restrictive stance, minutes of the Reserve Bank of India’s August meeting showed. “Persistent food inflation is imparting stickiness to headline inflation,” Governor Shaktikanta Das …
High food prices in India threaten overall inflation outlook, say rate panel members Read More »
By Aditya Kalra NEW DELHI (Reuters) -Disney and Reliance have offered some concessions to secure an India antitrust approval for their $8.5 billion media merger, but are unwilling to sell any cricket broadcast rights, the biggest prize in the deal, two sources familiar with matter said. Reuters reported earlier this week that the Competition Commission …
Exclusive-Disney-Reliance offer concessions for India merger, but no cricket rights sale Read More »
(This Aug. 21 story has been refiled to fix syntax in paragraph 2) BENGALURU (Reuters) – A Warburg Pincus affiliate will sell 2.36% of its stake in Kalyan Jewellers for 13 billion rupees ($155 million) to another large stakeholder at a 2% discount to Wednesday’s closing price, the Indian company said. The deal will see …
Warburg Pincus affiliate divests 2.36% in India’s Kalyan Jewellers (Aug. 21) Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Thursday, led by information technology stocks, after minutes of the Federal Reserve’s latest policy meeting signalled that the U.S. central bank is strongly leaning towards a rate cut next month. The NSE Nifty 50 index was up 0.11% at 24,796.7 as of 9:58 a.m. IST. The …
Indian shares rise; IT stocks lead, US rate-cut hopes add cheer Read More »
By Rishika Sadam HYDERABAD, India (Reuters) – At least 15 people were killed in an explosion on Wednesday at a pharmaceuticals manufacturing plant in southern India’s Andhra Pradesh state, a district government official said. “Death toll as of now is 15 and is likely to go up. Nearly 40 people have been injured. Rescue operations …
Blast at Indian pharma factory kills 15 and injures 40, official says Read More »
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said he will “share perspectives” on the peaceful resolution of the conflict between Ukraine and Russia during his visit to Kyiv this week, more than a month after he travelled to Moscow. Modi departed for Poland on Wednesday and will visit Kyiv on Friday, the first trip …
India’s Modi to ‘share perspectives’ on ending Ukraine war during Kyiv trip Read More »
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector’s rapid rise should not disrupt millions of brick-and-mortar stores operating in the country. Amazon and Walmart’s Flipkart have reshaped India’s retail landscape in recent years, with both companies …
India minister accuses Amazon, e-commerce firms of predatory pricing Read More »
By Aditya Kalra and Aftab Ahmed NEW DELHI (Reuters) – India’s antitrust watchdog has warned staff in an internal memo not to share any information with the media when they are not authorized to do so, citing a 60-year-old rule that prohibits such interactions, a document shows. “It has been observed that of late certain …
India antitrust body warns staff over unauthorised media contacts, memo shows Read More »
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – India is likely to begin conducting a long-delayed population census in September, two government sources said, as Prime Minister Narendra Modi looks to plug important data gaps in his third term after years of criticism. India’s once-a-decade census was due to be completed in …
India to begin delayed census in Sept as Modi looks to plug data gaps, sources say Read More »
