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BENGALURU (Reuters) – India’s Tata Group-backed BigBasket has initiated a fresh round of funding that could value the online grocery startup at around $3.5 bln, The Economic Times newspaper reported on Tuesday, citing sources. Tata Digital Ltd, a unit of Tata Sons, and its investors are likely to lead the new round of funding, which …

India’s BigBasket looks to raise $200 million at up to $3.5 billion valuation- ET Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s Oil and Natural Gas Corp has for the first time sold oil through a three-month local tender, commanding $5-$8 per barrel more than existing rates under new rules that allow producers marketing freedom, industry sources said. ONGC, the country’s top oil explorer, accepted bids at that level …

India ONGC gets better price for oil under new rules -sources Read More »

By Aditya Kalra NEW DELHI (Reuters) – Google’s head of public policy for India has resigned just five months after taking the job, two sources told Reuters, at a potentially critical time for the U.S. tech giant as it awaits the outcome of at least two antitrust cases in the country. The reasons for Archana …

Google’s India policy head Gulati resigns – sources Read More »

By Manoj Kumar NEW DELHI (Reuters) – India’s main opposition Congress party is likely to elect a new party president from outside the Nehru-Gandhi dynasty for the first time in nearly 25 years, as it looks for a reset ahead of the next election to compete with Prime Minister Narendra Modi. Formed 137 years ago …

India’s Congress party likely to get first non-Gandhi chief in 25 years Read More »

BENGALURU (Reuters) – Indian employers are likely to raise staff pay by 10.4% next year, almost on par with the 10.6% so far in 2022, Aon PLC said on Monday. The prospects of a double-digit salary increase comes as the south Asian country grapples with soaring inflation amid fears of a global economic slowdown. India’s …

India likely to see double digit pay rises in 2023 – study Read More »

By Munsif Vengattil NEW DELHI (Reuters) – Samsung Electronics is targeting repeat purchases from its 175 million customers in India through a new cashback credit card, a senior executive said, a move to boost sales in the critical market where it was once the top smartphone seller. With India’s festive season underway, the South Korean …

Samsung to lure 175 million existing India customers with cashback card Read More »