By Swati Bhat MUMBAI (Reuters) -India’s central bank expects to launch interoperability of digital payment systems for internet banking in 2024 to enable faster fund settlements for merchants, Governor Shaktikanta Das said on Monday. “… we have given approval for implementing such an interoperable system to NPCI Bharat BillPay Ltd (NBBL),” Das said. “We expect …
BENGALURU (Reuters) -Indian automaker Tata Motors said on Monday it will split into two listed companies, separating its commercial vehicle business from its passenger vehicle arm, which will house the lucrative Jaguar Land Rover business. Tata Motors, India’s top automaker by revenue, has seen a turnaround in its business over the past few years, and …
SAO PAULO/BENGALURU/BARCELONA (Reuters) -Indian police have detained three men and are searching for four others accused of attacking two tourists and gang-raping the woman, authorities and the couple said. Police found the couple, who are Spanish citizens, around 11 p.m. local time (1730 GMT) on Friday on a roadside, looking like they had suffered a …
Indian police detain three accused of raping Brazilian-Spanish tourist Read More »
MUMBAI (Reuters) – India plans to commission a new naval base in the Lakshadweep islands, off the country’s south-west coast, to boost security in the region, the Ministry of Defense said on Saturday. The Indian Navy will announce on March 6 plans to build INS Jatayu on Minicoy island. Minicoy is the southern most island …
India to build new naval base on Lakshadweep archipelago to boost security Read More »
By Tanvi Mehta, Dhwani Pandya and Aditi Shah NEW DELHI (Reuters) – Charter jets for tycoons and celebrities, a performance by Rihanna and directions to don “jungle fever” outfits when visiting an animal rescue centre – that’s how billionaire Mukesh Ambani is kickstarting big fat Indian wedding celebrations for his son. The head of Indian …
Ambani son’s pre-wedding bash to feature Rihanna, tycoons and Bollywood stars Read More »
By M. Sriram MUMBAI (Reuters) – India’s markets regulator has given Digit Insurance the go-ahead to launch an IPO after multiple compliance issues delayed approval for the deal originally planned in 2022, according to a letter seen by Reuters. Digit, last valued at $3.5 billion, filed for an initial public offering in August 2022 but …
India regulator clears Fairfax-backed Digit’s IPO after delay, letter shows Read More »
By Indranil Sarkar and VarunVyas Hebbalalu BENGALURU (Reuters) -At least eight people were injured when a suspected home-made bomb exploded during lunch hour at a cafe in India’s technology hub of Bengaluru on Friday, authorities said. The blast at Rameshwaram Cafe in the east of the city occurred just after 1:00 p.m. when crowds from …
Blast at cafe in India’s Bengaluru injures 8, authorities say Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – A proposed merger of Walt Disney’s and Reliance’s media assets in India could spark intense antitrust scrutiny over their market power, with lawyers flagging concerns that the combined entity’s strong portfolio of cricket broadcast rights could impact advertisers. The Disney-Reliance $8.5 billion merger would create India’s No. 1 …
Analysis-Grip over cricket may lead to antitrust heat in Disney-Reliance India merger Read More »
NEW DELHI (Reuters) – India’s defence ministry on Friday signed contracts to procure nuclear-capable BrahMos missiles for the navy at a total cost of 195.2 billion rupees ($2.36 billion), the government said in a statement. India has previously approved purchases of 200 BrahMos missiles. The ministry also signed a contract to purchase a ship borne …
India signs $2.36 billion contracts to buy nuclear-capable missiles Read More »
By Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) -India’s economy grew at its fastest pace in one-and-half years in the final three months of 2023, led by strong manufacturing and construction activity and bolstering Prime Minister Narendra Modi’s economic record just months before a national election. Asia’s third largest economy grew 8.4% in the …
India’s economy grows at its fastest pace in six quarters in election boost for Modi Read More »
