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 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 […]
New Indian petrochemical supplies to weigh on markets
NEW DELHI, Dec 5 (Reuters) – Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and internationally, industry officials and analysts say. Several regions, including India, China and the Middle East have been developing petrochemical production to provide […]
Two dead in southern India, roads, runway submerged as Cyclone Michaung nears
CHENNAI, Dec 4 (Reuters) – At least two people died and the runway of one of India’s busiest airports lay submerged due to torrential rain, as two southern states braced on Monday for a severe cyclone likely to hit in the next 24 hours. Cyclone Michaung was expected to make landfall on the coast of […]
AI defined 2023. Bullets and ballots will shape 2024
Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Dec 4 (Reuters) – How to sum up the most important news of the year past? The obvious answer in 2023 is to use Artificial Intelligence. In that spirit, I asked OpenAI’s ChatGPT and Google’s Bard – […]
In boost for Modi, India’s BJP set to win 3 of 4 key state polls
[1/3]People wait in queues to cast their votes at a polling station during the Madhya Pradesh state assembly election in Indore, India, November 17, 2023. REUTERS/Stringer Acquire Licensing Rights NEW DELHI, Dec 3 (Reuters) – India’s ruling nationalist Bharatiya Janata Party (BJP) on Sunday appeared set to win three of four states in key regional […]
Generative AI a stumbling block in EU legislation talks -sources
[1/2]Technology leaders attend a generative AI (Artificial Intelligence) meeting in San Francisco as the city is trying to position itself as the “AI capital of the world”, in California, U.S., June 29, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing Rights STOCKHOLM/BRUSSELS/LONDON, Dec 1 (Reuters) – EU lawmakers cannot agree on how to regulate systems like ChatGPT, […]
Indian economy to exceed growth estimates after strong Q2 beat: economists
[1/2]Workers fasten iron rods at the construction site of a commercial building in Kolkata, India, February 1, 2021. REUTERS/Ranita Roy/File Photo Acquire Licensing Rights MUMBAI, Dec 1 (Reuters) – The Indian economy is projected to grow at a 6.7% -7% rate in the fiscal year ending March 31, 2024, several economists said, upping their projections […]
India resumes imports of Venezuelan oil, Reliance seeks direct deal
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights NEW DELHI/HOUSTON/SINGAPORE, Dec 1 (Reuters) – Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance (RELI.NS) set to meet executives from state firm PDVSA next week […]