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India bars Niva Bupa from opening branches for six months due to expense breach
India's insurance regulator has barred Niva Bupa Health Insurance from opening new places of business for six months because of the breach of business expense limits, the health ...
India
India's Swiggy bets on Instamart model shift, mirroring main rival Blinkit; eyes margin boost
Shareholder approval for Swiggy's foreign ownership cap will let its quick-commerce unit Instamart switch to a potentially more profitable inventory model as the Indian delivery ...
India
Indian central bank likely intervenes to limit pressure on rupee, traders say
The Indian central bank likely intervened in the foreign exchange market yet again on Thursday, five traders told Reuters, to shield the rupee from pressure due to elevated ...
India
India's Aditya Birla Capital to enter gold loan market, targets 1,000 branches
Aditya Birla Capital will enter India's gold loan market and plans to open about 1,000 dedicated branches over the next three years to expand its secured lending business, the f...
India
Hawkish RBI minutes, softer dollar soothe rupee sentiment while intervention boosts
The Indian rupee nudged higher on Thursday, lifted by central bank intervention that complemented a boost to sentiment from a hawkish tilt in the central bank's policy minutes and...
India
Indian shares advance after recent slide as global bond markets steady
Indian shares rose on Thursday, led by IT and financials and tracking broader Asia as global bond markets steadied after the U.S. Treasury announced steps to bring down rising bor...
India
India sees $80 billion in flows via subsidised swap windows, cenbank governor tells FE
India's central bank expects close to $80 billion in inflows via subsidised swap facilities opened in June as a way to bolster foreign exchange reserves, central bank governor Sa...
India
Musk's Starlink reapplies for India approval of satellite network, ET reports
Elon Musk's Starlink has reapplied to India's space regulator for approval to deploy its satellite constellation, including direct-to-device connectivity services, the Econ...
India
Indian fintech Navi to raise $100 million ahead of planned IPO
Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch technology investor Prosus NV in its first institutional funding round, a deal that comes ahea...
India
India rate panel signals impending hikes, eyes inflation path for timing
India's rate setters signalled the possibility of rate hikes ahead even as they left interest rates unchanged at their policy meeting earlier this month, watching for evidence that...
India
Global shocks, IPO wave could temper India's earnings-led market revival, Abakkus Investment says
Robust profit growth for India's Nifty 50 companies has brightened the outlook for domestic markets, but global risk aversion and a strong IPO pipeline could temper a broader rall...
India
India's IndiGo reservation platform issues disrupt some bookings, check-in
India's largest airline IndiGo said on Wednesday it was experiencing intermittent issues with its core reservation platform, as some customers faced problems booking tickets and c...
India
Indian steel mills face margin squeeze as global coking coal prices rise
Indian steel mills are facing mounting pressure on margins as higher coking coal prices, driven by supply disruptions in Australia and China and the Iran war, raise steelmaking c...
India
Kerala's snake boat racers keep tradition afloat in face of floods and financial challenges
This weekend around 20 wooden boats, 100-foot long and powered by about 100 rowers each, will slice through Kerala's backwaters to compete for the most prestigious trophy in the c...
India
KKR to buy 6% stake in India's BookMyShow for up to $50 million, source says
Global investment firm KKR will buy a stake of about 6% in Indian ticketing and entertainment platform BookMyShow for $40 million to $50 million, a source told Reuters on Wednesd...
India
Charles Schwab to scale India tech centre workforce to 2,000 by 2027, source says
U.S. financial services firm Charles Schwab plans to expand its India tech centre workforce to about 2,000 employees by the end of 2027, according to a document seen by Reuter...
India
Temasek-backed Shiprocket takes off with $1 billion valuation after strong India debut
Temasek-backed Shiprocket zoomed as much as 48.6% in its debut trade on Wednesday, valuing it at 100.1 billion rupees ($1.05 billion), as investors bet on the logistics services ...
India
Indian central bank likely intervenes to shield rupee from oil strain, traders say
The Reserve Bank of India likely stepped into the foreign exchange market on Wednesday to shield the rupee from pressure due to persistently elevated oil prices amid uncerta...
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