WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …
Read More »India’s Rajasthan plans online surcharge for gig workers’ welfare fund
[1/2]The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo NEW DELHI, July 25 (Reuters) – The Indian state of Rajasthan has approved a bill …
Read More »Prosus says India’s Byju’s ‘regularly disregarded’ former director’s advice
BENGALURU, July 25 (Reuters) – Prosus NV (PRX.AS), an investor in Indian educational technology startup Byju’s, said on Tuesday that the troubled company’s directors “regularly disregarded advice” despite repeated efforts by the Dutch-listed technology firm’s former director. Prosus, which this year slashed its valuation of Byju’s to $5.1 billion from …
Read More »Reliance to invest $122 million in Brookfield JV for data center projects in India
BENGALURU, July 24 (Reuters) – India’s Reliance Industries (RELI.NS) said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centers in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data center capacity in India is expected to …
Read More »India rejects BYD’s $1 bln factory proposal -Economic Times
NEW DELHI, July 22 (Reuters) – India has rejected Chinese automaker BYD Co’s (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday. Reuters reported this month that BYD had submitted a $1 billion …
Read More »India’s biggest cinema operator banks on “Barbenheimer” after Bollywood flops
MUMBAI, July 21 (Reuters) – India’s biggest cinema operator PVR Inox ( PVRL.NS ) is banking on Hollywood’s “Oppenheimer”, “Barbie” and unlimited popcorn to pack theaters after a string of Bollywood flops kept away those patrons who still favor going to the movies over streaming services. Hoping to cash in …
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