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By Nidhi Verma NEW DELHI (Reuters) – Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine, two people with knowledge of the matter told Reuters. Nayara per se has not been sanctioned as part of …

Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources Read More »

(Reuters) – VVS Laxman will take over as India’s interim coach for the Asia Cup after head coach Rahul Dravid tested positive for COVID-19, the country’s cricket board (BCCI) said on Wednesday. Laxman, who is also the head of cricket at the National Cricket Academy, had led the second-string side that beat Zimbabwe in a …

Cricket – Laxman named India’s interim coach after Dravid tests positive for COVID Read More »

By Aditi Shah NEW DELHI (Reuters) – German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, its country head told Reuters, helping cement its title as the top-selling luxury car brand and keep ahead of rival Tesla. In India, Mercedes-Benz will launch three new electric cars this year, be the …

Mercedes set to lead India’s luxury EV market as Tesla stays out Read More »

By Aditya Kalra NEW DELHI (Reuters) – Tinder-owner Match Group has filed an antitrust case against Apple with the competition regulator in India, accusing it of “monopolistic conduct” that forces developers to pay high commissions for in-app purchases, a legal filing seen by Reuters shows. Apple is fending off a raft of antitrust challenges around …

Exclusive-Tinder-owner Match ups antitrust pressure on Apple in India with new case Read More »

NEW DELHI (Reuters) – Planemaker Boeing plans to build on its existing investments in India in areas such as defence supply chains and manufacturing, the company said on Wednesday. The world’s second-largest planemaker is offering its F/A-18 fighter jet for sale to India’s armed forces and said the selection of the jet would help boost …

Boeing says plans to build on existing investments in India Read More »

NEW DELHI (Reuters) – Indian billionaire Gautam Adani, Asia’s richest man, is making his biggest media bet with a bid to buy a majority stake in New Delhi Television (NDTV). Adani’s coal-to-edible-oils conglomerate has been on a deals spree over the past two years. BUYS: MEDIA A unit of the Adani group used financial rights …

Factbox-Asia’s richest man Adani on deals spree in India, abroad Read More »

(Reuters) – India’s Tata Sons will likely have to make a provision of 26 billion rupees ($325.69 million) as accumulated losses for low-cost carrier AirAsia India , which it’s seeking to absorb into unit Air India and merge with Air India Express, the Economic Times reported on Wednesday. Earlier this year, Tata Group-owned Air India …

India’s Tata may have to write off AirAsia India’s loss – Economic Times Read More »