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BENGALURU (Reuters) – India’s Reliance Retail will launch a $200 laptop next month as the Mukesh Ambani-owned retailer looks to repeat the success of its low-cost cell phone. The 4G-enabled laptop, called JioBook, is priced at 16,499 rupees ($200.63) and will be available for purchase through the company-run retail outlets and online platform Reliance Digital …

Reliance Retail to launch $200-laptop to replicate phone success Read More »

BENGALURU (Reuters) – India’s Adani Group is planning to raise 150 billion rupees ($1.82 billion) through the country’s bond market this financial year, Bloomberg News reported on Monday, citing people familiar with the matter. Billionaire Gautam Adani-led conglomerate’s high debt levels were among the concerns that were flagged by U.S. short-seller Hindenburg in a report …

India’s Adani Group plans $1.82-billion fundraise through bond market – Bloomberg News Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is likely to receive below-average rainfall in August due to the El Nino weather pattern, a senior weather department official said on Monday, after an above-average monsoon in July helped farmers accelerate crop planting. The monsoon, vital for India’s $3 trillion economy, delivers nearly 70% …

India likely to receive below-average monsoon rains in August Read More »

By M. Sriram MUMBAI (Reuters) – India’s biggest VC firm Peak XV Partners has organised a meeting of its more than 200 investee companies next month, an email shows, a closed-door event some founders see as part of an effort to assuage concerns after its split from Sequoia Capital. Peak XV manages $9 billion in …

After Sequoia split, India’s Peak XV to hold CEOs meet for first time Read More »

By Nandan Mandayam BENGALURU (Reuters) -India’s top carmaker Maruti Suzuki on Monday reported a better-than-expected first-quarter profit, helped by strong orders, and forecast a rise in average selling prices in the coming quarters. The company, which also revealed plans to buy its Japanese parent’s plant in Gujarat, said it did not see serious chip-shortage-related issues …

India’s Maruti tops profit view; to buy parent’s Gujarat plant Read More »

HANOI (Reuters) -Vietnam has no immediate plans to restrict rice exports, a senior official of the country’s food association said on Monday, after India’s export curbs sparked worries about global supplies of the staple. “At the moment, Vietnamese companies are exporting rice normally,” said Nguyen Ngoc Nam, chairman of the Vietnam Food Association, which represents …

Vietnam food assoc official says no immediate plan to curb rice exports Read More »

By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares were little changed on Monday, as a slide in financials and consumer stocks on lacklustre earnings from key constituents offset gains in metals, while consolidation continued near record-high levels. The Nifty 50 index was down 0.01% at 19,644.35, while the S&P BSE Sensex fell 0.01% to 66,157.40 …

Indian shares flat as weak financials, consumer stocks offset metal gains Read More »