BENGALURU (Reuters) -Zomato Ltd said on Monday Gunjan Patidar, the company’s co-founder and chief technical officer, had resigned after more than a decade with the Indian food delivery firm. “Patidar was one of the first few employees of Zomato and built the core tech systems for the company,” it said in a stock exchange filing. …
Indian food delivery firm Zomato’s co-founder Patidar resigns Read More »
NEW DELHI (Reuters) -India has proposed a body for the online gaming industry to regulate itself as concerns rise over the addictiveness of games and as patchy state laws disrupt business, in draft amendments to its information technology rules published on Monday. The proposal comes after a government panel recommended new rules to regulate a …
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By Nandan Mandayam BENGALURU (Reuters) -India’s top automakers in December reported a double-digit rise in the sale of the more expensive utility vehicles, while entry-level cars saw muted demand despite discounts. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has more than 50% weightage in …
India’s utility vehicles sales rise in Dec, demand for entry-level cars muted Read More »
BENGALURU (Reuters) -Indian shares closed higher on Monday, the first trading session of 2023, helped by an uptick in metals and financials. The Nifty 50 index closed 0.51% higher at 18,197.45, while the S&P BSE Sensex rose 0.54% to 61,167.79. Most of the major sectoral indexes logged gains, with metals and high-weightage financials rising 2.43% …
Indian shares close first 2023 session on a positive note on metals boost Read More »
MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18. The …
MUMBAI (Reuters) – Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet. The company’s public issue will open for subscription on Tuesday and will close on Jan. 23. The issue also has a greenshoe option to retain an additional …
Edelweiss Financial Services to raise funds via public issue Read More »
MUMBAI (Reuters) – India’s Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday. The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers …
By Arpan Chaturvedi NEW DELHI (Reuters) -India’s Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed due process. A five-judge bench of the country’s top court passed the verdict by a majority …
India’s Supreme Court upholds legality of 2016 demonetisation Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the U.S. dollar on Monday, helped by likely position building and lack of cash dollar demand, traders said. The rupee was at 82.5750 per U.S. dollar by 10:50 a.m. IST, compared with 82.72 in the previous session. The U.S. holiday means there …
Rupee gains on speculators bets, lack of cash dollar demand Read More »
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey showed on Monday. The manufacturing purchasing managers’ index, compiled by S&P Global, rose to 57.8 in December …
