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India’s Zee Entertainment forms interim committee to run operations

BENGALURU (Reuters) – Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator’s ban on them holding board positions. The interim committee will be under the supervision of Zee’s board, a company spokesperson said. The Securities and …

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Reliance Industries, HDFC Bank lift Indian shares to fresh highs

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose to fresh all-time highs, led by index heavyweight Reliance Industries ahead of the demerger of the financial services unit, while HDFC Bank powered financials after strong June quarter results. The Nifty 50 index closed 0.75% higher at a record high of 19,711.45, while the S&P BSE Sensex …

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India state retailers’ gasoil, gasoline sales declines in July: prelim data

By Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers’ gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. Daily sales of gasoil fell by 19.7% to about 2.96 million metric tons in July compared with June, …

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India’s Angel One slips after Indian stock exchange slaps penalty

BENGALURU (Reuters) – Shares of Angel One are down 5.2% on Monday after the country’s main stock exchange prohibited the stockbroker from onboarding new authorised persons for six months and imposed penalties, alleging failure to monitor the operations of existing ones. The Mumbai-based brokerage firm said the National Stock Exchange of India over the weekend …

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New Delhi races to open jammed flood gates as river surge halts India’s capital

NEW DELHI (Reuters) -New Delhi officials were racing to open some jammed flood gates at a barrage on the swollen river Yamuna on Friday to help drain out floodwater that has brought traffic to a standstill in parts of India’s capital and swamped historical monuments. The river’s levels were at their highest in 45 years …

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Cricket-From selling street food to dazzling India debut, Jaiswal scripts rags-to-riches story

(Reuters) – From selling street food in Mumbai to winning the player-of-the-match award in his test debut in Roseau, India opener Yashasvi Jaiswal is international cricket’s latest rags-to-riches story. India thumped West Indies by an innings and 141 runs inside three days, a victory set up by Jaiswal’s 171, which helped the visitors rack up …

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Australia upbeat on global tax talks at G20 in India

SYDNEY (Reuters) – Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul of global corporate taxation at a meeting of Group of 20 (G20) nations in India. “There’s been progress made over the years and we want to advance that progress further,” Chalmers told ABC television, referring to the meeting …

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India blasts Chandrayaan-3 lander toward moon’s south pole

By Nivedita Bhattacharjee BENGALURU (Reuters) – India’s space agency launched a rocket on Friday that sent a spacecraft into orbit and toward a planned landing next month on the lunar south pole, an unprecedented feat that would advance India’s position as a major space power. The Indian Space Research Organisation’s (ISRO) LVM3 launch rocket blasted …

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