Edition:
United States

Euan Rocha

Amazon to acquire minority stake in an Indian supermarket chain operator

Aug 23 2019

MUMBAI/BENGALURU Amazon.com Inc is set to snag a 3.58% minority stake in India's Future Retail, which operates more than 1,500 stores in India and owns several supermarket brands, including budget department and grocery store chain, Big Bazaar.

Amazon to acquire minority stake in an Indian supermarket chain operator

Aug 22 2019

MUMBAI/BENGALURU, Aug 22 Amazon.com Inc is set to snag a minority stake in India's Future Retail Ltd , which operates more than 900 stores in India and owns several supermarket brands, including Big Bazaar.

India needs to reduce ecommerce restrictions to revive economy: Amazon executive

Aug 22 2019

HYDERABAD India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday. | Video

Torrential rains cause flooding, evacuations in southern India

Aug 09 2019

BENGALURU/MUMBAI, Aug 9 Torrential monsoon rains in the southern Indian state of Kerala caused a major landslide and flooding that has cut off some areas, forcing the evacuation of more than 22,000 people, authorities said on Friday.

Eros group says it is taking action to resolve loan payment delays

Jun 10 2019

MUMBAI Indian film and entertainment group Eros International has taken steps to resolve delays in loan payments, Chief Executive Kishore Lulla said, as he also dismissed a short seller's allegations of accounting irregularities at the group.

UPDATE 1-India's Eros group says it is taking action to resolve loan payment delays

Jun 10 2019

* Eros shares under pressure after rating cut, due to payment delays

Eros CEO says loan payment delays being rectified as pressure mounts

Jun 09 2019

MUMBAI Eros International has taken steps to rectify delays in loan payments, Chief Executive Officer Kishore Lulla said on Sunday, as pressure builds on the Indian media company, with another short-seller report flagging potential issues at the company.

India's central bank cuts rates, turns 'accommodative' as economy slows

Jun 06 2019

MUMBAI The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its policy stance to "accommodative," after latest data showed the economy growing at its slowest in over four years. | Video

IndiGo owner's shares drop on airline founder feud report

May 16 2019

BENGALURU/MUMBAI IndiGo owner Interglobe Aviation's shares tumbled 9 percent on Thursday after a report that the co-founders and two largest shareholders of India's largest airline were at odds over its expansion.

UPDATE 1-IndiGo owner's shares drop on airline founder feud report

May 16 2019

BENGALURU/MUMBAI, May 16 IndiGo owner Interglobe Aviation's shares tumbled 9 percent on Thursday after a report that the co-founders and two largest shareholders of India's largest airline were at odds over its expansion.

World News

Trump paints picture of unity at prickly G7 summit

U.S. President Donald Trump said on Sunday he was getting along well with Western allies at a G7 summit in France, dismissing reports of rifts among leaders and declaring that they "respect" the trade war between Washington and Beijing.