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Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval

2020-06-27
By: Staff Writer

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 →

Indian Government Again Proposes Blanket Ban on Cryptocurrencies

2020-06-12
By: Staff Writer

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 →

Indian automakers say China coronavirus outbreak hitting parts supply By Reuters

2020-03-01
By: Staff Writer

© 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 →

VW’s Skoda targets Indian revival with tougher safety, emission rules By Reuters

2020-02-04
By: Staff Writer

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 →

Amazon’s bid to acquire stake in Indian retailer faces antitrust hurdle: sources By Reuters

2019-11-01
By: Staff Writer

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 →

Indian property slump leaves beleaguered banks exposed By Reuters

2019-10-13
By: Staff Writer

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 →

Short holds slacken on most Asian currencies but bears return to prey on Indian rupee: Reuters poll By Reuters

2019-06-20
By: Staff Writer

© 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 →

Dash for growth at company founded by Indian yoga guru leads to stumbles By Reuters

2019-06-11
By: Staff Writer

© 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 →

PepsiCo withdraws lawsuits against Indian potato farmers By Reuters

2019-05-10
By: Staff Writer

© 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 →

As Uber gears up for IPO, many Indian drivers talk of shattered dreams By Reuters

2019-05-08
By: Staff Writer

© 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 →

Pepsi withdraws lawsuits against Indian potato farmers By Reuters

2019-05-02
By: Staff Writer

© 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 →

Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices

2019-03-16
By: Staff Writer

© 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 →

Indian government sacks two PNB executives for alleged lapses in $2 billion fraud: sources By Reuters

2019-01-20
By: Staff Writer

© 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 →

Nestle welcomes Indian court ruling in Maggi case By Reuters

2019-01-03
By: Staff Writer

© 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 →

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