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By Krishna N. Das and Shivam Patel NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi and Russian President Vladimir Putin will not hold an annual in-person summit this year, an Indian government source said on Friday, after the two held discussions on the sidelines of an event in September. Bloomberg News reported earlier in the …

No Modi-Putin summit this year after they met in September- Indian govt source Read More »

Dec 9 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Dec. 2, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had …

Indian govt had no outstanding loans from RBI in Dec 2 week Read More »

By Akansha Victor and Sethuraman N R BENGALURU (Reuters) – Paytm’s stock surged over 7% on Friday after it announced plans to consider a share buyback, but analysts warned it would not bring long-term relief to investors as concerns around the Indian firm’s slow path to profitability remained. The provider of digital payment solutions has …

Paytm surges on buyback plan but analysts flag focus on path to profitability Read More »

MUMBAI (Reuters) – Indian companies’ fundraising through private placement of bonds more than doubled on-month in November, data from the country’s capital markets regulator showed. Firms raised 765.63 billion rupees ($9.31 billion)in November, through 140 bond issuances, as compared with 346.99 billion rupees raised through 114 issuances in October, according to data from the Securities …

Indian cos’ fundraising via pvt placement of bonds more than doubles in Nov – SEBI Read More »

By M. Sriram and Aditya Kalra MUMBAI (Reuters) – SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for …

Exclusive-India’s Snapdeal to shelve $152 million IPO amid tech stocks rout Read More »

MUMBAI (Reuters) – Air quality in India’s financial hub of Mumbai on Thursday was worse than smog-filled national capital New Delhi, raising concerns of long-term health risks to people living in the country’s two highly populated cities. Mumbai’s air quality was “very poor” and is expected to remain the same for the next two or …

India rates Mumbai’s ‘very poor’ air quality as worse than smog-filled Delhi Read More »

MUMBAI (Reuters) -From the outside, it looks just like a regular cash dispenser, but this is India’s first ever “gold ATM”, delivering gold coins at the click of a button in a country where gold is often seen as a safe and preferred investment. Set up in the south Indian city of Hyderabad, the gold …

Hide your PIN: India ATM now dispenses gold coins Read More »

By Jose Devasia KOCHI, India (Reuters) – Construction on a $900 million port in Kerala, southern India resumed on Thursday after protesters from a mainly Christian fishing village ended a blockade of the Adani Group site. The port has strategic importance for both India and Adani’s owner Gautam Adani, an ally of Prime Minister Narendra …

Adani’s $900 million Indian port build restarts as villagers end protest Read More »