India
Sumitomo Mitsui eyes further India expansion
SUMITOMO Mitsui Financial Group wants to make further inroads into India, drawn like many of its peers to the rapid growth of the market. Japan’s second-biggest lender is considering...
India central bank lifting curbs on forex non-deliverable forward arbitrage by banks
INDIA’S central bank is easing restrictions on banks’ arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter...
Vietnam’s VinFast seeks India EV import duty cut as plant construction starts
VIETNAMESE electric-vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local...
India central bank asks payment authority to consider Paytm request to become third party app provider
THE Reserve Bank of India said on Friday (Feb 23) it has asked the National Payments Corporation of India to examine a request from Paytm, formally known as One...
India market value to reach US$10 trillion by 2030, Jefferies says
INDIA’S stock market value is set to more than double to US$10 trillion by 2030, going by its history of delivering double digit returns and expectations of continued economic...
Google to make Pixel smartphones in India by next quarter: Nikkei
Alphabet’s Google has told suppliers to start making its Pixel smartphones in India by next quarter at the earliest, as part of its plan to ship more than 10...
India extends parboiled rice export tax to control prices
INDIA, the world’s top rice exporter, extended a tax on outbound shipments of the parboiled variety to prevent any increase in domestic prices ahead of general elections. The 20...
Whirlpool sells 24% stake in India unit for US$468 million
WHIRLPOOL said on Tuesday (Feb 20) it has executed a sale of 24 per cent of its stake in its India unit for about US$468 million. Whirlpool conducted the...
