The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. This is despite the country being one of the mostRead More →
The Indian Ministry of Finance has proposed to legally ban cryptocurrencies within the subcontinent. With this, the Indian crypto community is met with yet another unexpected turn. The proposal will first be sent to the Union Council of Ministers and then be forwarded to the parliament for final review. TheRead More →
© Reuters. Indian automakers say China coronavirus outbreak hitting parts supply NEW DELHI (Reuters) – Indian automakers Mahindra and Mahindra Ltd (NS:) (M&M) and Tata Motors (NS:) said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts. “Going into March, weRead More →
By Aditi Shah NEW DELHI (Reuters) – Skoda is hoping government moves to drag regulations for cars sold in India up to developed market standards will help turn around its fortunes in a market where it has stalled. The Volkswagen-owned (DE:) Czech carmaker has been tasked with helping its GermanRead More →
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has sought more information from Amazon.com Inc (O:) about its planned acquisition of a stake in India’s Future Retail (NS:), sources with knowledge of the matter told Reuters, which could potentially delay the deal. Amazon in August agreed to acquireRead More →
By Nupur Anand and Swati Bhat MUMBAI (Reuters) – India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks. A slump in the residential property market is leaving many buildersRead More →
© Reuters. A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad By Devika Syamnath (Reuters) – Investors shaved bearish bets on most Asian currencies over the past two weeks but went short on the rupee for the first time in over three months, aRead More →
© Reuters. A worker arranges consumable goods inside a Patanjali store in Ahmedabad By Alexandra Ulmer and Rajendra Jadhav HARIDWAR, India (Reuters) – Three years ago, Indian yoga guru and entrepreneur Baba Ramdev was riding high. The consumer goods empire he co-founded had tapped into a wave of Hindu nationalismRead More →
© Reuters. FILE PHOTO: A customer picks packets of Lay’s potato chips at a shop in Ahmedabad AHMEDABAD, India, NEW DELHI (Reuters) – PepsiCo (NASDAQ:) Inc has formally withdrawn lawsuits against Indian farmers that the snack food and drinks maker had accused of infringing its patent by cultivating a potatoRead More →
© Reuters. Rajesh Raut prays inside the truck that he currently drives and lives in, at a street in Mumbai By Sai Sachin Ravikumar, Aditi Shah and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – In 2016, Rajesh Raut started driving an Uber (NYSE:) taxi in Mumbai, hoping he could earn moreRead More →
© Reuters. A customer picks packets of Lay’s potato chips at a shop in Ahmedabad By Mayank Bhardwaj NEW DELHI (Reuters) – PepsiCo (NASDAQ:) Inc said on Thursday it will withdraw its lawsuits against a number of Indian potato farmers accused of infringing its patent. After suing four farmers forRead More →
© Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in Baar By Aditya Kalra and Mayank Bhardwaj NEW DELHI (Reuters) – India’s antitrust watchdog raided units of global commodities trader Glencore (LON:) and two other firms in Mumbai on Saturday in an inquiry into alleged collusion onRead More →
© Reuters. FILE PHOTO: The logo of Punjab National Bank is seen on a branch office window in New Delhi NEW DELHI (Reuters) – India has sacked two senior executives of state-run Punjab National Bank (NS:) (PNB) for allegedly failing to prevent a $2 billion fraud, two sources with directRead More →
© Reuters. Packets of Nestle’s Maggi instant noodles are seen on display at a grocery store in Mumbai ZURICH (Reuters) – Food group Nestle (S:) said on Thursday a ruling by India’s Supreme Court marked a partial victory in its row with the government over Maggi noodles. Maggi, Nestle India’sRead More →
