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LATEST NEWS FROM INDIA
India
Swiggy shareholders back move for Indian-owned status
Food and grocery delivery firm Swiggy said on Tuesday it has received shareholder approval to cap aggregate foreign ownership at 49.5%, paving the way for it to qualify as an Ind...
India
Four Indian private lenders eye dollar debt before RBI swap window deadline, bankers say
Four Indian private lenders have fast-tracked plans to raise dollar bonds before the end of August, seeking to take advantage of a central bank swap facility before its early clos...
India
India's Tata Sons adjourns annual shareholder meeting days after chairman exit, source says
India's Tata Sons has adjourned its annual general meeting that was scheduled for August 18, a source with direct knowledge of the matter told Reuters on Tuesday.
India
India's Tata Sons postpones annual shareholder meeting days after chairman exit, CNBC-TV18 reports
India's Tata Sons has deferred its annual general meeting which was supposed to be held on August 18, CNBC-TV18 reported on Tuesday, citing sources.
India
India weighs limited duty-free sugar imports to rein in record prices, sources say
India is considering measures to bolster sugar supplies and rein in record prices, such as limited duty-free imports and curbs on the amount of stocks held by bulk traders, potent...
India
India's first blue bond draw nears as issuers line up, bankers say
India's first blue bond sale is imminent as a state-run financial institution and a local civic body aim to tap the novel debt market before the end of September, according to a ...
India
Profit growth at India's Nifty 50 firms hits 10-quarter high, boosts outlook
Corporate India broadly posted better-than-expected June-quarter earnings, with profit growth for Nifty 50 companies averaging a 10-quarter high of 18%, reinforcing expectations o...
India
Temasek-backed Milky Mist jumps about 30% in India debut, hits $1.5 billion valuation
Temasek-backed Milky Mist Dairy Food rose roughly 30% in its Indian trading debut on Tuesday after its $163 million initial public offering attracted strong demand from retail an...
India
Indian central bank keeps up interventions to cushion rupee from oil strain, traders say
The Reserve Bank of India likely intervened in the foreign exchange market for an eighth consecutive session on Tuesday, four traders told Reuters, as elevated oil prices kep...
India
Rising oil, US yields add to rupee pressure after RBI move
The rupee is poised to open weaker on Tuesday, with rising oil prices and U.S. bond yields adding to pressure on the currency from the central bank bringing forward the deadline ...
India
Indian shares dip as oil tops $91, US-Iran ceasefire expires
Indian shares fell on Tuesday as oil prices spiked to above $91 a barrel, with a temporary U.S.-Iran ceasefire expiring and hopes for a new deal fading.
India
Gold slips on firmer Treasury yields, oil prices; Fed minutes in focus
Gold prices came under pressure on Tuesday from higher Treasury yields and a spike in oil prices, while traders awaited minutes of the U.S. Federal Reserve's July policy meeting f...
India
Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff
Gold's 9% rebound in August to around $4,400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better place...
India
Paytm founder's Resilient Asset Management to sell up to 4.98% stake in fintech firm
Indian fintech firm Paytm said on Monday that Netherlands-based Resilient Asset Management, fully owned by its founder and CEO Vijay Shekhar Sharma, has proposed to sell up to a ...
India
Diageo agrees to reformulate India whisky, rum drinks after flavouring breach, sources say
Diageo has agreed to reformulate some of its most popular whisky and rum drinks in India, two government sources told Reuters, after the country's food safety regulator banned the...
India
India PM Modi's BJP replaces social media head weeks after youth protests
Indian Prime Minister Narendra Modi's Bharatiya Janata Party replaced its social media head on Monday as part of an organisational reshuffle, the party said, weeks after youth-led...
India
India's Airtel Payments Bank names Shabnam Sinha chairperson
India's Airtel Payments Bank on Monday named Shabnam Sinha as its new chairperson, succeeding group chair Sunil Bharti Mittal, whose term ends on September 30.
India
Indian banks fast-track dollar fundraising after RBI moves FX swap window deadline
Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were us...
India