Reuters India

India plans laptop import curbs to boost local manufacturing, sources say

By Shivangi Acharya NEW DELHI (Reuters) – India is expected to limit imports of laptops, tablets and personal computers after January, two government sources with direct knowledge of the matter said, a move to push companies such as Apple to increase domestic manufacturing. This plan, if implemented, could disrupt an industry worth $8 billion to …

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India’s HPCL to start LNG terminal around year-end, seeks term supply, sources say

By Nidhi Verma and Emily Chow NEW DELHI/SINGAPORE (Reuters) – India’s Hindustan Petroleum Corp (HPCL) is seeking a liquefied natural gas (LNG) cargo to commission its new import terminal in December or January, and is in talks with between eight and nine companies for long-term supply, three sources said. HPCL has built a 5 million …

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India’s new corporate bond buyback option to help low-rated, new firms, bankers say

By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Lower-rated Indian companies and first-time borrowers will benefit the most from the market regulator’s recent move that will provide liquidity into the corporate bonds market, three merchant bankers said. Companies issuing listed bonds can give investors a buyback option for a certain amount a year after …

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Gold hits record highs on US election uncertainty, more policy easing

By Anushree Mukherjee (Reuters) – Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated. Spot gold rose 0.7% to $2,690.60 per ounce by 1:42 p.m. ET (1742 …

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UK’s Mothercare partners with Reliance to strengthen South Asia presence

(Reuters) – Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers. Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51% stake in the JV that owns the Mothercare brand and related intellectual property …

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