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By Rama Venkat BENGALURU (Reuters) -India’s Vodafone Idea said on Tuesday it plans to raise around 450 billion rupees ($5.43 billion) through equity and debt, which will help the debt-saddled telecom company roll out its 5G network service and expand 4G coverage. The 200-billion rupee equity fundraise, which was approved by the board, will see …

Indian telco Vodafone Idea plans to raise over $5 billion to roll out 5G, expand 4G Read More »

By Aditya Kalra NEW DELHI (Reuters) – Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries and Walt Disney merge their India media assets, two sources familiar with the plans said. Reliance, controlled by the Ambani family, and Disney are closing in on signing …

Nita Ambani likely to be chair of India’s merged Reliance-Disney media business – sources Read More »

MUMBAI (Reuters) – Indian banks will have to submit all audited returns to the central bank within five working days from the date of signing of the auditor’s report, a Reserve Bank of India (RBI) circular showed on Tuesday. Previously, banks had to submit all audited returns to the RBI within seven days from the …

India cenbank tweaks rules to standardise filing of supervisory returns by banks Read More »

By Manoj Kumar NEW DELHI (Reuters) – India will conduct another survey of household consumption as well as of items and brands at retailers to obtain a comprehensive picture of domestic spending before revising the consumer price index (CPI), two government officials said. Over the weekend, the government released initial findings of the 2022/23 household …

India to conduct another household survey before changing CPI- officials Read More »

By Sethuraman N R and Brijesh Patel BAMBOLIM, India (Reuters) – India’s thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India …

India’s thermal coal imports seen falling for first time since pandemic Read More »

By Amlan Chakraborty NEW DELHI (Reuters) – A player-of-the-match award in only his second test, plaudits from the pundits and even a “man crush” from his England counterpart — India wicketkeeper Dhruv Jurel could not have dreamt of a better start to his international career. Rishabh Pant’s horrific car accident in December 2022 left India …

Cricket-India unearth a ‘gem’ in Jurel to fill keeping void Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was little changed on Tuesday, tracking muted moves in Asian currencies, as markets await the release of key U.S. economic data this week that will help investors refine their expectations of Federal Reserve rate cuts. The rupee was at 82.88 as of 10:05 a.m. IST, barely …

Rupee flat tracking subdued Asian peers, bias on forward premiums seen lower Read More »

BENGALURU (Reuters) -Billionaire Gautam Adani’s group plans to invest more than 30 billion rupees ($362.1 million) in the manufacturing of ammunition and missiles, the conglomerate’s defence arm said on Monday, as it unveiled two sprawling production facilities in the north Indian state of Uttar Pradesh. The plans highlight the ports-to-power conglomerate’s ambitions in the lucrative …

India’s Adani unveils defence complex, $362 million investment plan Read More »

By Siddhi Nayak and Jaspreet Kalra MUMBAI (Reuters) – India’s troubled Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), two sources aware of the development said. The central bank has asked Paytm Payments Bank, the banking …

India’s Paytm likely to partner with four banks for enabling UPI transactions, sources say Read More »