BENGALURU (Reuters) -Indian IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange …
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By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may rise more on Wednesday, aided by the U.S. dollar’s broad decline in the lead-up to the crucial U.S. inflation data. Non-deliverable forwards indicate rupee will open at around 82.32-82.34 to the U.S. dollar compared with 82.3650 on Tuesday. Market participants should expect rupee to do …
Rupee bias on upside on broad dollar selling before US inflation data Read More »
BENGALURU (Reuters) – Indian shares are set to open little changed on Wednesday, with investors eyeing both domestic and U.S. inflation data for June as the quarterly results season kicks off. India’s GIFT Nifty on the NSE International Exchange was down 0.01% at 19,535.50, as of 8:00 a.m. IST. All eyes are on India’s inflation …
Indian shares set for flat open ahead of inflation data, earnings Read More »
NEW DELHI (Reuters) – India’s defence ministry on Monday gave its initial approval to buy 26 Rafale fighter aircraft and three Scorpene submarines from France, news agency ANI reported citing sources. The proposals will now be sent to the defence acquisition council, the country’s top procurement body, and later to the government cabinet for approval …
India ministry gives initial nod to buy 26 Rafales, 3 submarines from France -ANI Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The mood across Asia at the midpoint of the week is increasingly upbeat, as a growing consensus that the U.S. central bank is near the end of its policy tightening cycle continues to weigh on …
(Reuters) -Walt Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, …
Disney explores strategic options for India business – WSJ Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India’s government on Tuesday said it would impose a 28% tax on funds that online gaming companies collect from their customers, in a blow to the $1.5 billion industry that has surged in popularity and attracted foreign investment. Finance Minister Nirmala Sitharaman said the decision to impose tax on …
India deals blow to online gaming industry with 28% tax Read More »
NEW DELHI (Reuters) – India’s Goods and Services Tax (GST) Council said that uniform taxation would be levied on multi utility vehicles and sports utility vehicles, according to a statement. The body, chaired by India’s Finance Minister Nirmala Sitharaman and comprised of state finance ministers, decided all large cars, by whatever name they are called, …
India’s GST Council decides uniform taxation for utility vehicles Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Reserve Bank of India is targeting one million transactions per day through the central bank digital currency (CBDC) by the end of this year, a top Reserve Bank of India (RBI) official said on Tuesday. The RBI has devised the e-rupee as a digital alternative to physical cash …
NEW DELHI (Reuters) – India is demanding higher standards from small and medium-sized drugmakers, the health minister said on Tuesday, in a bid to improve product quality after Indian-made cough syrups were linked to deaths of children overseas. India’s image as the “pharmacy of the world”, offering cheaper alternatives to Western products, took a hit …
India demands higher manufacturing standards from small drugmakers Read More »
