Reuters India

By Manoj Kumar NEW DELHI (Reuters) – Nearly 135 million people, around 10% of India’s population, escaped poverty in the five years to March 2021, a government report found on Monday. Rural areas saw the strongest fall in poverty, according to the study, which used the United Nations’ Multidimensional Poverty Index (MPI), based on 12 …

One-tenth of India’s population escaped poverty in 5 years – government report Read More »

BENGALURU (Reuters) – Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator’s ban on them holding board positions. The interim committee will be under the supervision of Zee’s board, a company spokesperson said. The Securities and …

India’s Zee Entertainment forms interim committee to run operations Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to inch up at open on Monday, with the focus being on the dollar index fares following last week’s selloff and on overall flows. Non-deliverable forwards indicate rupee will open at around 82.10-82.12 to the U.S. dollar compared with 82.1650 in the previous session. …

Rupee likely to nudge higher; dollar index, flows key this week Read More »

NEW DELHI (Reuters) – Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement. Indian Finance Minister Nirmala Sitharaman, meeting Freeland on the sidelines of gathering of Group of 20 …

Canadian pensions funds keen to invest in India, India says Read More »

(Reuters) -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter. The Indian steelmaker is in discussions with banks over potential financing for the acquisition, which may total about $2 …

India’s JSW Steel considering bid for stake in Teck coal unit – Bloomberg News Read More »

By Aftab Ahmed NEW DELHI (Reuters) – India’s new 28% tax on online gaming companies will stifle foreign investment and put $2.5 billion already invested in the sector at risk, more than 100 gaming firms have said in a letter to India’s finance ministry. India this week announced the tax on the funds that online …

Indian gaming firms say new tax will stifle foreign investment Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) – India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating dollar conversions. During a visit by India’s Prime Minister Narendra Modi to the UAE on Saturday, the …

India ties up with UAE to settle trade in rupees Read More »