Edition:
India

Abhirup Roy

Indian bourse to consult regulator on Future-Reliance deal after Amazon objection: source

30 Oct 2020

MUMBAI/NEW DELHIIndia's Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transaction, following Amazon's objection to the deal, an exchange source said.

Franklin Templeton needs unit holder approval for scheme wind-ups: Karnataka High Court

24 Oct 2020

NEW DELHI/MUMBAI The Karnataka High Court ruled on Saturday that Franklin Templeton Mutual Fund will need to seek approval from unit holders before winding up six schemes with combined assets of some 280 billion rupees ($3.8 billion).

Businessman Shetty seeks India probe of NMC, Finablr ex-CEOs over $6 billion scandal

12 Oct 2020

MUMBAI/DUBAI Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.

Netflix India screens three 'Bad Boy' episodes after legal row

05 Oct 2020

MUMBAI Netflix has released three episodes of its four-part series about four Indian tycoons facing fraud allegations after a state court lifted an injunction, a lawyer for the world's largest streaming service said on Monday.

Netflix India releases 3 episodes of "Bad Boy Billionaires" amid legal tussle

05 Oct 2020

MUMBAI, Oct 5 Netflix has partially released its much-awaited series on four Indian tycoons facing fraud allegations after a state court lifted an injunction over the weekend, a lawyer representing Netflix said on Monday.

India's fraud-hit PMC asked other major banks for merger - administrator

16 Sep 2020

NEW DELHI India's fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been disrupted by the coronavirus pandemic, the bank's administrator said in a court filing seen by Reuters.

Indian court issues second arrest warrant for GP Global bunker tanker - document

16 Sep 2020

SINGAPORE/MUMBAI/DUBAI An Indian court has issued a second arrest warrant for a marine refuelling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.

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