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MUMBAI (Reuters) -India’s central bank on Tuesday barred entities regulated by it, including banks and non-banking finance companies (NBFCs), from investing in alternate investment funds (AIFs) that have investments in existing and recent borrowers. This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 …

India cenbank tightens rules for lenders investing in alternative investment funds Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined on Tuesday as its failure to hold above a key level prompted renewed dollar buying interest, while forward premiums inched lower after more Federal Reserve officials pushed back on interest rate cut expectations. The rupee was at 83.1875 to the U.S. dollar at 10:44 a.m. …

Rupee drops back to recent range, premiums dip on Fed push back Read More »

BENGALURU (Reuters) – Sony Group Corp’s Indian unit said on Tuesday that it has not yet agreed to prolong a merger deadline with India’s Zee Entertainment Enterprises, days after the latter sought an extension. Shares of Zee Entertainment were down 4.2%. The merger to create a $10 billion media and entertainment powerhouse, which was announced …

Sony’s India unit says it has not yet agreed to merger deadline extension with Zee Read More »

By Nigam Prusty NEW DELHI (Reuters) – At least 79 opposition lawmakers were suspended from the Indian parliament on Monday for disrupting proceedings as they demanded a government statement and a discussion on the security breach of the chambers last week. The suspensions followed similar taken action against 14 lawmakers last week. Although disruptions and …

Seventy nine opposition MPs suspended from Indian parliament Read More »

By Haripriya Suresh (Reuters) – Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra’s outgoing CEO said, even as its ability to wreck the job market has been discussed widely on social media sites. “The use cases of Generative AI are still being defined, which means that it has …

AI can create more jobs than it potentially eliminates: Tech Mahindra’s outgoing CEO Read More »

BENGALURU (Reuters) -Indian construction materials maker Ambuja Cements will invest 60 billion rupees (nearly $723 million) in renewable power projects, the company said on Monday. The investment will be funded internally and is expected to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan, it said in …

India’s Ambuja Cements to invest $723 million for green power production Read More »

JOHANNESBURG (Reuters) – India wicketkeeper Ishan Kishan has asked to be released from the upcoming two-match Test series in South Africa, citing unspecified personal reasons, officials confirmed on Sunday. Kishan will be replaced in the squad by KS Bharat, who is likely to be back-up to first-choice KL Rahul. The 25-year-old Kishan has played two …

Cricket-Kishan released from India squad ahead of South Africa Tests Read More »