By Nimesh Vora MUMBAI (Reuters) – The Indian rupee stuck to a narrow range and hovered around the 82-per-dollar level on Monday, amid deeper losses for most Asian currencies and a lack of speculative interest, traders said. The rupee traded in an 81.9400-82.0475 range before ending at 82.0400 to the dollar, marginally lower than 82.0350 …
Rupee holds in narrow range around 82/USD, premiums higher Read More »
By Aditya Kalra NEW DELHI (Reuters) – French spirits giant Pernod Ricard’s India head of corporate affairs, Yashika Singh, has resigned, three sources with knowledge of the matter said on Monday. Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week, …
Pernod India’s corporate affairs head quits, sources say Read More »
NEW DELHI (Reuters) – India’s finance minister has derided comments by former U.S. President Barack Obama that Prime Minister Narendra Modi’s government should protect the rights of minority Muslims, accusing Obama of being hypocritical. During Modi’s state visit to the United States last week, Obama told CNN that the issue of the “protection of the …
Indian minister scoffs at Obama comment on protecting Muslims Read More »
BENGALURU (Reuters) -India’s ICICI Securities jumped 15% in heavy trading on Monday on plans to delist from the stock exchange, likely by swapping its shares with those of parent ICICI Bank, which have outperformed those of the brokerage. While neither company’s statement mentioned a share swap, they said their boards will consider a delisting proposal …
India’s ICICI Securities jumps on plans to delist by share-swap with ICICI Bank Read More »
BENGALURU (Reuters) -Infosys, India’s No.2 IT services provider, signed a $454-million contract with Denmark’s Danske Bank on Monday, at a time when the broader sector is struggling with a slowdown in an uncertain global economy. The IT company will help digitize the lender’s core business and add more cloud and data facilities to it, including …
India’s Infosys signs $454-million deal with Danske Bank Read More »
MUMBAI (Reuters) – India’s federal government on Sunday ordered the chief minister of Manipur state to “work harder” to restore peace as violence between ethnic groups has not subsided for over 50 days despite a heavy security presence. “I have been advised by the home minister to work harder towards restoring lasting peace in Manipur,” …
Indian government orders Manipur state chief to ‘work harder’ to end violence Read More »
By Aditya Kalra NEW DELHI (Reuters) – Indian education technology giant Byju’s, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said. Deloitte said on Thursday it was severing ties with Byju’s, …
India’s Byju’s tells investors it will file 2022 earnings by Sept -source Read More »
By Indranil Sarkar and Chandini Monnappa BENGALURU (Reuters) – Fresh troubles at Indian edtech startup Byju’s this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters. Auditor Deloitte and three prominent board members severed ties with …
Byju’s staff say morale waning amid turmoil at Indian edtech firm Read More »
AMSTERDAM (Reuters) – Hundreds of environmental activists wearing red jumpsuits marched with flags and banners on Saturday into the grounds of Tata Steel’s plant in the Dutch city of Ijmuiden to protest over air and soil pollution in the surrounding area. Led by Greenpeace, the activists were joined by local residents who say the Indian …
Environmental activists protest at Dutch Tata Steel plant Read More »
NEW DELHI (Reuters) -Amazon.com Inc said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon’s cloud computing …
Amazon raises investment in India to $26 billion by 2030 Read More »
