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BENGALURU (Reuters) -India’s HDFC Bank on Wednesday said its merged loan book with Housing Development Finance Corporation stood at about 22.45 trillion rupees ($273.77 billion) as at the end of the June quarter. HDFC Bank merged with HDFC on July 1 in a $40 billion merger, the largest in India’s corporate history, entering the coveted …

HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end Read More »

(Reuters) – Former India fast bowler Ajit Agarkar has been appointed chairman of India’s selection committee, the country’s cricket board (BCCI) said on Tuesday. The senior selection committee, led by Chetan Sharma, had initially been sacked in November after India were knocked out of the Twenty20 World Cup in the semi-finals in Australia. Sharma was …

Cricket-Agarkar named India’s new chairman of selectors Read More »

By Jatindra Dash and Krishn Kaushik BHUBANESWAR, India (Reuters) – Workers repairing a rail-road barrier in India made faulty connections in the automated signalling system on the network, leading to the country’s worst rail disaster in two decades, an official probe has found. The June 2 crash at Bahanaga Bazar station, in the eastern Indian state of …

Deadly India rail crash caused by faulty signal connections made during repair Read More »

By Manoj Kumar NEW DELHI (Reuters) – The revenue of fantasy gaming platforms during Indian Premier League (IPL) cricket matches rose 24% from a year earlier to over 28 billion rupees ($342 million) with over 61 million users participating, a report by the Redseer consultancy said. Fantasy gaming apps gained popularity in India during the …

India’s fantasy sports’ revenue rises 24% during IPL 2023 – Redseer report Read More »

By Sethuraman N R and Jayshree P Upadhyay BENGALURU (Reuters) – Trading volumes at GIFT Nifty, a dollar-denominated derivative contract of the Nifty 50 index previously called SGX Nifty, hit about $1.2 billion in the first half of its debut in India on Monday, NSE’s chief executive and managing director, Ashishkumar Chauhan, said. The SGX …

GIFT Nifty begins India journey as new hedging option for investors Read More »

NEW DELHI (Reuters) – Indian industrialist Anil Ambani appeared before the country’s financial crime agency on Monday to record his statement in a case related to violation of foreign exchange rules, the Hindustan Times daily reported citing news agency PTI. (Reporting by Shivam Patel)

MUMBAI (Reuters) – The Reserve Bank of India (RBI) said on Monday 76% of the country’s highest denomination 2000-rupee currency notes – worth 2.72 trillion rupees ($33.19 billion) – have been returned since its decision to withdraw them from circulation. The RBI said in May it would withdraw these high-value notes, permitting their exchange or …

India central bank says 76% of 2000-rupee notes returned since May Read More »