India’s Paytm to curtail low-value personal loans after cenbank clampdown
A smartphone with the Paytm logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BENGALURU, Dec 6 (Reuters) – India’s Paytm (PAYT.NS) will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules […]
India swap market signals cenbank will differ from Fed’s rate-cut path
MUMBAI, Dec 6 (Reuters) – India’s overnight index swap market is signalling that the country’s central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year. The odds of the Fed’s first rate cut coming in March have risen to 63%, while the Reserve […]
India’s Ola Electric slashes sales targets ahead of planned IPO -document, sources
Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights Ola sees 2023-24 sales 66% lower than previous estimate-document Ola aims now to turn profitable a year later in 2024-25-document Targets “toned down” after govt incentive cuts-sources […]
India’s market regulator, cenbank share concern on some credit funds masking bad loans – official
A man counts Indian currency notes inside a shop in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights MUMBAI, Dec 6 (Reuters) – India’s market regulator and its central bank share concerns over instances of alternate investment funds (AIFs) being used to mask bad loans in the financial system, a top official […]
Indian govt seeks parliament nod for extra spending for FY24
India’s Prime Minister Narendra Modi arrives on the first day of the five-day long special session in New Delhi, India, September 18, 2023. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI, Dec 6 (Reuters) – The Indian government on Wednesday sought parliament’s approval for additional spending of 1.29 trillion rupees ($15.48 billion) in the current […]
India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal
Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. Picture taken September 8, 2015. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI/HYDERABAD, Dec 6 (Reuters) – India’s health ministry has ordered a probe into Apollo Hospital Delhi, part of largest private hospital chain Apollo Hospitals (APLH.NS), after media […]
More than 15,900 Palestinians killed in Gaza since October 7 – Palestinian health minister
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[1/3]A Palestinian woman reacts as the bodies of Palestinians killed during Israeli attacks on the Ma’an school, east of Khan Yunis, are kept at Nasser Hospital, amid ongoing clashes between Israel and the Palestinian Islamist group Hamas in southern Khan Yunis. Gaza Strip, December… obtain licensing rights Read more RAMALLAH, West Bank, Dec 5 (Reuters) […]
India’s Apollo Hospitals’ operator rejects allegation of illegal kidney transplants
Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. REUTERS/Adnan Abidi/File Photo Acquire Licensing Rights BENGALURU, Dec 5 (Reuters) – India’s Indraprastha Medical Corp (IMCL.NS), which manages two Apollo hospitals in the national capital of Delhi, said on Tuesday that allegations regarding its involvement in illegal kidney transplants […]
Shanghai wants Microsoft to promote AI tech in city – govt
A Microsoft sign at the U.S. tech giant’s offices in Issy-les-Moulineaux, near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing Rights BEIJING, Dec 5 (Reuters) – Shanghai authorities told Microsoft’s (MSFT.O) visiting president on Tuesday they want his company to promote artificial intelligence technology to boost businesses there, the Chinese financial hub’s government […]
Exclusive: Apple warns India’s EU-style charger rules will hit local production target
[1/2]Apple iPhones are seen inside India’s first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights Apple lobbies India to delay EU-like rule on common charger U.S. giant seeks more time in India beyond EU deadline Apple says production targets […]