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By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Amazon.com India’s country head Manish Tiwary has resigned after an eight-year stint and will leave the e-commerce giant in October, the company said on Tuesday. His resignation comes as Amazon is fast expanding in India where it plans to invest $26 billion by 2030, but …

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NEW DELHI (Reuters) – India on Tuesday told those travelling to the United Kingdom to be cautious and follow the advice of security agencies after violent protests in different parts of Britain. The fatal stabbing of three young girls in the northwest English town of Southport last week has been seized on by anti-immigrant and …

India advises visitors to Britain to stay cautious amid rising violence Read More »

MUMBAI (Reuters) – India’s gold industry, with the support of the World Gold Council (WGC), has established a self-regulatory organisation in a bid to increase consumer confidence and restore trust, the WGC said on Tuesday. The newly-formed Indian Association for Gold Excellence and Standards (IAGES) aims to promote fair, transparent and sustainable practices in the …

Indian gold industry forms self-regulatory body with WGC backing Read More »

By Richa Naidu PARIS (Reuters) – Denmark’s Viktor Axelsen beat Kunlavut Vitidsarn of Thailand to win his second successive men’s singles Olympic gold medal in badminton at the Port de La Chapelle Arena in Paris on Monday. Malaysia’s Lee Zii Jia bagged the bronze after defeating India’s Lakshya Sen. (Reporting by Richa Naidu; Editing by …

Olympics-Badminton-Denmark’s Axelsen beats Thailand to the men’s singles gold Read More »

By Nandan Mandayam and Kashish Tandon BENGALURU (Reuters) -Ola Electric’s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets. The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this …

Indian e-scooter maker Ola Electric’s $734 million IPO fully subscribed Read More »

BENGALURU (Reuters) – India’s Tribhovandas Bhimji Zaveri (TBZ) posted a 50% rise in first-quarter profit on Monday, helped by increasing demand for its gold jewellery despite soaring prices. Consolidated net profit rose to 170.5 million rupees ($2 million) in the quarter ended June, the jeweller said, while sales rose 4.5% to 5.96 billion rupees. TBZ’s …

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MUMBAI (Reuters) – The Reserve Bank of India said on Monday that the entities it regulates will have to abide by certain broad principles when employing various credit models, as it attempts to ensure prudence and robustness in the use of these models. “Inherently, model outputs are exposed to uncertainties as they are based on …

India cenbank lays down regulatory principles for credit risk models Read More »

BENGALURU (Reuters) – Titan’s shares fell 4.1% on Monday, after the Indian jeweller and watchmaker missed first-quarter profit estimates on Friday as higher gold prices hindered demand in its mainstay jewellery segment. Titan was the top loser on the Nifty 50 index, which is down 1.68%. The Tata group-owned company reported a 5% fall in …

India’s Tata-owned Titan slips on Q1 profit miss Read More »