Aftab Ahmed

Despite coronavirus, Indian traders stock up in hopes of festive cheer

22 Oct 2020

JAIPUR/NEW DELHI, India Indian businesses are stocking up more ahead of this year's big festival season than at any time in the last five years, expecting people whose earnings were relatively unaffected by the pandemic to spend the money they saved during months of lockdowns.

India asks at least eight state-run firms to consider buybacks, sources say

19 Oct 2020

NEW DELHI India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March 2021, two government officials said, as New Delhi scours for ways of raising funds to rein in its fiscal deficit.

Exclusive: India will not mandate secondary listings for firms joining overseas markets, sources say

15 Oct 2020

NEW DELHI India has decided not to mandate secondary listings for domestic firms that float shares on a foreign stock exchange as it prepares to announce a new policy within weeks, two senior government sources and two industry executives told Reuters.

EXCLUSIVE-India will not mandate secondary listings for firms joining overseas markets -sources

15 Oct 2020

* Concerns had grown India would force firms to list at home later

India in stalemate on borrowing to help out pandemic-hit states

13 Oct 2020

NEW DELHI Spending to help India's pandemic-hit economy is likely to face delays after the federal government and some states on Monday failed to agree who should borrow to cover revenue shortfalls.

India announces economic stimulus to boost demand by $10 billion

12 Oct 2020

NEW DELHI India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

London Stock Exchange in talks with Indian tech firms to list overseas

09 Oct 2020

NEW DELHI London Stock Exchange is in talks with several Indian technology firms for their overseas stock listings, a senior executive for the British exchange told Reuters, as New Delhi moves closer to allowing companies to directly access foreign markets.

Indian government names Shashanka Bhide, Ashima Goyal, Jayanth Varma as new MPC members

06 Oct 2020

NEW DELHI The Indian government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank's monetary policy committee (MPC) late on Monday.

India to waive certain interest levies on loans in COVID-19 relief

03 Oct 2020

NEW DELHI, Oct 3 The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees ($272,888) under a COVID-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers.

Exclusive: Rosneft, Aramco unlikely to bid for BPCL stake - sources

30 Sep 2020

NEW DELHI/MOSCOW Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans.

World News

In final Trump-Biden showdown, less chaos but plenty of clashes

U.S. President Donald Trump and Democratic challenger Joe Biden offered sharply contrasting views on the still-raging coronavirus pandemic at Thursday's final presidential debate, seeking to persuade the few remaining undecided voters 12 days before their Nov. 3 contest.