Reuters India Top

BENGALURU (Reuters) – Reliance Retail Ventures, India’s biggest retailer, said on Wednesday it would take a 51% stake in domestic kid’s clothing brand, Ed-a-Mamma, pursuing its aggressive expansion ahead of a potential stock market listing. Billionaire Mukesh Ambani’s Reliance Retail Ventures raised $1 billion from Qatar Investment Authority at a $100 billion valuation last month …

India’s Reliance Retail to take 51% stake in kid’s clothing brand Ed-a-Mamma Read More »

BENGALURU (Reuters) -India’s Ather Energy has raised 9 billion rupees (about $108 million) from shareholders Hero MotoCorp and Singaporean sovereign wealth fund GIC through a rights issue, the electric scooter maker said on Wednesday. Ather, which sells two e-scooter variants and maintains 1,500 charging grids across the country, said it plans to use the funds …

Indian e-scooter maker Ather raises $108 million from Hero MotoCorp, GIC Read More »

By Mohamed Junayd MALE (Reuters) – A presidential election in the Maldives on Saturday could be decisive in determining whether China or India win a competition for influence over the tiny Indian Ocean island chain. Home to about 521,000 people, the Maldives is famous for its sun-kissed atolls and luxury tourist resorts but the rival …

Maldives election: could be key for China, India rivalry Read More »

By Rupam Jain NEW DELHI (Reuters) – Indian President Droupadi Murmu’s reference to herself as the “President of Bharat” in a dinner invitation, instead of “President of India”, sparked controversy on Tuesday, with critics saying the name of the country is being distorted. Murmu is hosting a reception for G20 leaders during the group’s summit …

India or Bharat? President’s G20 dinner invitation sparks name-change row Read More »

By Nikunj Ohri and Swati Bhat NEW DELHI (Reuters) – India’s monetary policy committee will remain watchful of the evolving inflation situation but the recent spikes in vegetable prices would start ebbing going ahead, the Governor of the Reserve Bank of India Shaktikanta Das said on Tuesday. “Given the likely short-term nature of the vegetable …

India cenbank chief: to remain watchful of inflation; look through short-term shocks Read More »

LONDON (Reuters) – Prime Minister Rishi Sunak told his ministers on Tuesday he would only reach a trade agreement with India when it benefited the whole of Britain, addressing his top team before travelling to the G20 summit in India later this week. “He said negotiations around a free trade deal were progressing and that …

PM Sunak says he will only agree an India trade deal that works for Britain Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator expects instant settlement of stock market trades to be implemented by October 2024, a source from the regulator told Reuters on Tuesday. Currently trades in India are settled in “T+1” or one day after the trades are initiated. Instant settlement would ensure trades are settled …

Instant settlement of Indian stock market trades to come in by Oct 2024 – regulatory source Read More »