BENGALURU (Reuters) – Shares of Zomato Ltd fell up to 6.8% on Wednesday, in their biggest drop in more than a week, a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm. Uber is the likely seller of a 7.8% stake in Zomato being disposed …
India’s Zomato falls nearly 7% on reports of Uber stake sale Read More »
NEW DELHI (Reuters) – India’s July trade deficit widened to $31.02 billion, pushed by a rise in crude oil and coal imports, from $10.63 billion a year earlier, a government official said on Tuesday. July’s merchandise imports rose to $66.26 billion, while exports rose at a slower pace to $35.24 billion, B.V.R Subrahmanyam, India’s commerce …
India’s July preliminary trade deficit widens to $31 billion Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -Uber Technologies is the likely seller of a 7.8% stake in Indian food delivery firm Zomato being disposed of via a $373 million block deal on Wednesday, according to a source with direct knowledge of the matter. The offer size of 612 million shares worth $373 …
Uber likely seller of 7.8% stake in India’s Zomato – source, term sheet Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – India has eased coal import targets for utilities, according to a notice from the power ministry reviewed by Reuters, setting aside a target for them to import 10% of their coal needs and marking yet another reversal in energy policy. State government-run utilities and private power producers should …
India backs down from coal import targets for utilities, notice shows Read More »
NEW DELHI (Reuters) – Arch-rivals India and Pakistan will clash in an Asia Cup Sunday blockbuster in Dubai on Aug. 28, the organisers said on Tuesday. Bilateral cricket remains suspended between the bitter neighbours who play each other only in multi-team tournaments. A day after Sri Lanka take on Afghanistan in the opener, India and …
Cricket-India and Pakistan to clash in Aug 28 Asia Cup humdinger Read More »
By Jose Devasia and Chris Thomas KOCHI, India (Reuters) – India confirmed its first monkeypox death on Monday, a young man in the southern state of Kerala, in what is only the fourth known fatality from the disease in the current outbreak. Last week, Spain reported two monkeypox-related deaths and Brazil its first. The death …
BENGALURU (Reuters) – Shares of Indian food delivery firm Zomato Ltd jumped more than 18% on Tuesday and were set for their best session, a day after the Ant Group-backed company recorded more orders and narrowed its losses in the June quarter. The Gurugram-based company, which operates in more than 1,000 towns and cities in …
India’s Zomato on track for best day after strong quarter Read More »
(Reuters) – India captain Rohit Sharma said he had no regrets about picking rookie seamer Avesh Khan ahead of veteran Bhuvneshwar Kumar to bowl the final over against West Indies after their five-wicket loss in the second Twenty20 International on Monday. West Indies’ Obed McCoy claimed 6-17 as India were skittled out for 138 with …
Cricket-India captain Rohit defends Avesh gamble in Windies defeat Read More »
BENGALURU (Reuters) -Indian low-cost carrier SpiceJet Ltd said on Tuesday it had cleared all its outstanding principal dues with the state-run airport operator Airports Authority of India (AAI), sending its shares up nearly 5%. The airline will revert to advance payment mechanism for its daily operations, and AAI will release a 500 million rupees ($6.33 …
SpiceJet clears all dues with Airports Authority of India, shares rise Read More »
By Arsh Tushar Mogre BENGALURU (Reuters) – The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move given the absence of any clear guidance from the central bank. With inflation running at a near-decade high and …
RBI to raise rates in August but no consensus on size of hike – Reuters Poll Read More »
