Edition:
India

Derek Francis

Outraged Indians lampoon government over steep rise in traffic fines

05 Sep 2019

BENGALURU Many Indians have ridiculed a sharp increase in traffic fines this week, lampooning the poor state of roads and joking that the revenue from the fines would soon exceed that from taxes.

SoftBank-backed Oyo, known for budget stays, to rebrand Hooters hotel in Vegas

23 Aug 2019

BENGALURU SoftBank Group Corp-backed Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the matter said was worth $135 million.

SoftBank-backed Oyo, known for budget stays, to rebrand Hooters hotel in Vegas

23 Aug 2019

BENGALURU, Aug 23 SoftBank Group Corp-backed Indian hotel aggregator Oyo will rebrand a Hooters Casino Hotel in Las Vegas, a deal that a source with knowledge of the matter said was worth $135 million.

Indian shares flat; all eyes on Fed seminar, G7 meet

21 Aug 2019

BENGALURU, Aug 21 Indian shares were little changed on Wednesday in the absence of major cues, in line with broader Asia, as investors were hopeful of monetary and fiscal stimulus from the U.S. Federal Reserve amid recession and trade war worries.

Indian shares edge higher as govt rethinks FPI tax surcharge

09 Aug 2019

BENGALURU, Aug 9 Indian shares rose on Friday after Reuters reported that the country may exempt the tax surcharge on foreign portfolio investors (FPIs), bringing cheer to investors.

Floods in India kill 33, displace thousands

08 Aug 2019

MUMBAI/BENGALURU Floods brought by heavy rains and overflowing rivers across large swathes of western and southern India have killed at least 33 people and forced the evacuation of 180,000 from their homes, officials said on Thursday.

Indian shares edge higher after cenbank's unconventional rate cut

08 Aug 2019

BENGALURU, Aug 8 Indian shares rose marginally on Thursday, tracking gains in broader Asia, after the country's central bank cut interest rates by an unconventional 35 basis points, highlighting its concerns of a slowing domestic economic growth.

Indian shares little changed ahead of cenbank policy decision

07 Aug 2019

BENGALURU, Aug 7 Indian shares were little changed on a volatile Wednesday as investors awaited the central bank's monetary policy decision, where it is expected to cut interest rates by 25 basis points.

Indian shares edge higher ahead of cenbank's policy outcome

06 Aug 2019

BENGALURU, Aug 6 Indian shares reversed early losses to trade higher on Tuesday, a day after the government scrapped the special status of long-disputed Kashmir, while investors awaited the central bank's monetary policy decision scheduled on Wednesday.

UPDATE 1-Indian shares plumb fresh five-month lows in global selloff

05 Aug 2019

* India volatility index surges as much as 16.2% (Adds details on India's Kashmir proposal, updates indexes)

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